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SOFTWARE (NON-INTERNET/MOBILE) | Accounting & Finance Software
nordicinsurancesoftware.com

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Stage

Acquired | Acquired

Valuation

$0000 

About Nordic Insurance Software

Nordic Insurance Software utilizes proven standard technology to deliver solid, flexible and user friendly applications for direct sales, agent sales and internal sales. The full solution offers all components of the travel insurance workflow including modules for assistance, claims handling, claims and commission settlement as well as back-office transaction handling and a full MIS package.

Nordic Insurance Software Headquarter Location

Østerbrogade 125 1 st. floor

Copenhagen, DK-2100,

Denmark

+45 70222723

Latest Nordic Insurance Software News

Nordic Insurance Software acquired by Acturis for €65 Million

Feb 5, 2014

By Karsten Deppert // Øresund Startups, February 05, 2014, Leave a Comment Summit Partners announced that UK  Acturis has acquired Copenhagen based  Nordic Insurance Software . NIC specializes in insurance for the travel industry, and according to computerworld the sum was  around half a billion kroner , around € 65 million. This leaves the three founders of the company,  Claus Tophøj ,  Erik Skaarup and Anders Højgaard in a good position, closing the deal worth millions of Euro for each one of them, Computerworld writes. They will also continue to be significant shareholders in the new enlarged group and will continue to have a major ongoing involvement. “We have a window of three to five years before outright competitors will emerge. We want to use the time well.” Claus Tophøj  is reported saying . NIS has currently 25 employees in Copenhagen and the company has in recent years enjoyed good growth, reaching a surplus of € 1.5 million. “We are extremely pleased to join the Acturis Group and we feel that the combination of NIS and Acturis can have a significant impact on the insurance-software landscape. Together we have a significant pool of talented colleagues and an exciting portfolio.” Claus Tophøj  says . NIS has it’s background in the travel insurance field. The founders designed one of the first interactive travel insurance application, which gained considerable market share in the Scandinavian countries – Denmark, Norway, Sweden and Finland. NIS now has installations in over 30 countries across the globe. The NIS application is now considered the market leading platform in the travel & assistance, expatriate and health insurance markets and NIS’s growth reflects this, with a reported compound revenue growth rate of some 59% per annum over the last three years. Its is now active in over 30 countries across the globe, and it’s customers include big corporations such as Zurich, Munich RE, Gouda, Global Excel and the Canadian Automobile Association. Read more over at  Computerworld , or the  Summit Partners . This article is in collaboration with Øresund Startups , originally by Karsten Deppert . Øresund Startups is a news site focusing on startups in Copenhagen and the other cities around the Øresund strait; Malmö, Helsingborg and Lund. It was initiated by Karsten Deppert and covers news about startups and events from the startup scene. You can follow them at @Oresundstartups . Share to help us grow the ArcticStartup community!

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Expert Collections containing Nordic Insurance Software

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Nordic Insurance Software is included in 1 Expert Collection, including Fintech.

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