About NIS
NIS is a company based in Copenhagen (Denmark) founded in 1996 was acquired by Acturis in January 2014. It operates as a SaaS (Software-as-a-Service). The company has 50 employees as of March 31, 2024. NIS offers products and services including NIS Policy, NIS Claims, and NIS Assistance. NIS operates in a competitive market with competitors including Riskcovry, Socotra, FintechOS, Xceedance and ReSource Pro, among others.
- Headquarter Copenhagen, Denmark
- Employees 50 as on 31 Mar, 2024
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Nordic Insurance Software
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Products & Services of NIS
NIS offers a comprehensive portfolio of products and services, including NIS Policy, NIS Claims, and NIS Assistance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Insurance products are designed and managed with flexibility.
Claims handling is automated for efficiency and speed.
Complex assistance cases are coordinated with clear control.
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Funding Insights of NIS
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in NIS
NIS has secured backing from 1 investor. Prominent investors backing the company include Acturis. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Software as a Service provider to the Insurance Industry
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by NIS
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - NIS
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nis Comparisons
Competitors of NIS
NIS operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Riskcovry, Socotra, FintechOS, Xceedance and ReSource Pro, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A platform for digital insurance distribution and management is provided.
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| domain | founded_year | HQ Location |
Cloud-based solutions for insurance policy management and underwriting are offered.
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| domain | founded_year | HQ Location |
AI-based software suite is provided for banking and insurance sectors.
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| domain | founded_year | HQ Location |
Provides operations, technology, and data services to insurers worldwide.
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| domain | founded_year | HQ Location |
Insurance policy and claim management solutions for the insurance industry
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| domain | founded_year | HQ Location |
Retail financial solutions are provided to institutions and clients.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about NIS
When was NIS founded?
NIS was founded in 1996.
Where is NIS located?
NIS is headquartered in Copenhagen, Denmark.
Who is the current CEO of NIS?
Soren B Andersen is the current CEO of NIS.
How many employees does NIS have?
As of Mar 31, 2024, the latest employee count at NIS is 50.
What does NIS do?
NIS is engaged in delivering configurable, AI-driven software platforms for insurers and TPAs, focusing on specialty insurance lines such as travel, pet, and international private medical insurance (IPMI). Solutions are provided for policy management, claims handling, and assistance coordination, enabling scalability and automation. The technology is built to support global operations with compliance and security, hosted on Microsoft Azure. Sectors served include insurance and third-party administrators, with an emphasis on modernizing legacy systems and enhancing operational efficiency across diverse markets.
What products or services does NIS offer?
NIS offers NIS Policy, NIS Claims, and NIS Assistance.
Who are NIS's investors?
NIS has 1 investor. Key investors include Acturis.