(Re)insurance

Our experience is extensively focused on integrating data and automating processes within the (re)insurance sector.  Nova has deep industry knowledge, gained in part by our previous work developing unique and innovative solutions.

Examples include:

• Strategic Start up – Architectural & Functional
• Risk Modelling
• Pricing Engines
• Enterprise Risk Management
• Underwriting Systems
• Claims Systems
• Premium Accounting
• Regulatory & Compliance

Whether you’re a start-up requiring expert advice and validation of your IT setup or an established organisation ready for some enhancement of functionality or workflows, Nova can help.

Capital Markets

Nova staff have extensive financial sector experience within investment banks, investment management companies, hedge funds and trading platforms. This experience has been gained in countries throughout the world and we utilize this vast wealth of skills to support companies locally.

Examples of projects include:

• Trading platforms
• Market data engines
• Profit and Loss reporting
• Financial services administration
• Client management solutions
• Transaction reporting

Insurance Linked Securities

Nova has been instrumental in helping develop bespoke solutions for several global entities who have entered the ILS marketplace.  Our experience ranges from developing various components of an ILS Trading platform to enhancing exposure management modelling and providing insight and direction to creating additional features.

Examples of ILS trading platform components

New segregated legal entities focused on this ecosystem; Improved portfolio growth of hedge funds and underwriting capacity; Improved portfolio management; Better Stop-Loss Management; Increased Alpha identification on deals; Dynamic market valuations for accurate NAV calculations; Real-time dynamic dashboarding and analytics.

Examples of enhancing exposure management modelling

Monte Carlo simulation for client view of risks; Poisson Distribution simulation for probability analysis; Integration of 3^rd Party models; Development of proprietary models; Scalable technology utilizing @risk ^tm; Model blending, Technical underwriting pricing; Stochastic risk modeling; Marginal impact analysis; Improved visibility to underwriting and loss ratios.

Examples of additional features

Portfolio analytics and forecasting tools; Premium accounting solutions; Finance automation routines; Dynamic regulatory, board & investor and fund reporting capabilities.

Healthcare

Aside from our work within the financial and insurance sectors, Nova has assembled a seasoned team of business intelligence professionals to help improve how confidential medical data is stored, shared, managed, and analyzed by creating both secure and dynamic eco-systems through utilizing better technology.  Nova does the work but also provides advisory services to ensure future issues and needs are properly assessed to the various private and public stewards who govern the healthcare industry.