Why Choose Noria?

Whether your needs are standard, complex and/or high-volume, Noria specialises in supporting insurance management in the versatile Captive segment. Our solution unlocks a range of benefits including the easy management of large liability programmes, PDBI cover of industry, high-value property, group life, motor insurance, marine, energy, cargo, and more.

Noria’s platform unlocks a range of benefits tailored specifically for captive insurers. Experience the advantages of a unified, efficient system in a historically under-served space.

Our clients in the captive insurance space include Heineken, Hydro, Statkraft, Oslo municipality captive, and Skanska.

Unified Insurance Solution

Our platform integrates all business functions within a single IT system. This ensures that information is consistently updated across all modules, enhancing collaboration and accuracy.

Expert Implementation Support

With over 35 years of experience and a 100% success rate in customer implementations, we significantly reduce project risks. Our expert support ensures a smooth transition to our solution.

Advanced Reinsurance Module

Developed over 30 years in collaboration with world-leading marine and energy insurance carriers, our reinsurance module ensures reliability and robustness tailored to your needs.

Reinsurance Support

Captive insurers often take on a layer of risk and source reinsurance for their parent company. This creates a significant need for proper reinsurance coverage for the business written in the captive.

Noria’s system is designed to support all types of reinsurance. Whether co-insured, or re-insured with a quote share, excess of loss, single event or aggregate limit, our system will manage it seamlessly, distributing attached policy premiums and claims to the correct layer and security. We offer comprehensive reinsurance administration, ensure automatic connection to related policies, and facilitate the aggregation and collection of reinsurance claims.

Centralised Data Entry

Our robust data model stores and updates data across all locations simultaneously. This eliminates the need for multiple data entries, reduces risks, and enhances operational efficiency by ensuring data is entered once into a unified system.

Cost Predictability

We understand the importance of predictable costs. Our cost-efficient platform is designed with extensive functionality and configurability, minimising the need for costly customisations.

Web Portals for Mobile Work

Whether your business operates as a single entity or across multiple jurisdictions, our solution meets complex requirements. Enjoy web portals that facilitate mobile work and seamless management of multiple entities.

Solvency II Compliance

Our solution supports full audit trails for all transactions. It also provides Solvency II-compliant reporting, helping captives meet regulatory requirements with confidence.

Business Intelligence and Insights

Our insurance software features dashboards with real-time data and comprehensive reporting tools. Gain greater control and transparency into KPIs to support risk management and informed business decisions.

Comprehensive Customer Care

We offer tailored training solutions to ensure optimal use of the platform. With ongoing support and upgrades, you’ll always have the latest features and improvements at your fingertips.

Workflow Web Portal

Our Claims web portal is a powerful, user-friendly tool for managing claims, whether handled in-house or outsourced. This streamlines claims processing and enhances overall efficiency.

Expertise You Can Trust

As seasoned professionals in the insurance industry, Noria is dedicated to developing a solution specifically tailored to your unique requirements. Our deep industry knowledge ensures that our offering is not just generic software, but a strategic tool designed to drive your success.