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Your partner in insurance start-ups.

Contemi have worked with several successful insurance start ups, from initial setup phase, through growth and till exit. Through the years Contemi have gathered a large network and a strong expertise within insurance start-ups.

Contemi has been involved in more than 15 insurance start-ups. We recognize that cost, especially in the beginning, can be critical when attempting to launch your own business. To this end we offer a range of flexible agreements, including fees tied to various GWP formulas, equity exchange or joint ventures as appropriate. Through share remuneration we share the risk and success of the start-up. This is a partnership model that Contemi has pursued with success.

WE’VE BEEN INVOLVED IN AND ARE ABLE TO ASSIST WITH:

  • Definition of Strategy & Concept
  • Investor presentations & Capital raising
  • Re-insurance negotiations
  • Pricing, product and underwriting
  • Market strategy and Distribution models
  • IT platform
  • Overall Project management

Note: Contemi does not offer the organizational setup of running a start-up e.g. Sales, Service and Claims. These elements are the responsibility of the individual start-up.

The following list presents share remuneration cases with comments and status.

SHARE REMUNERATION CASE

COMMENTS & STATUS

SHARE REMUNERATION CASE

White Label Insurance (2002-06)
Norway (PL)
Sweden (PL)
Duborgh Skadeforsikring
(2003-06)
Norway (CL)

COMMENTS & STATUS

WLI & Duborgh was launched in 2003 for a total investment of MNOK 25 and sold to R&SA for approx. MNOK 400 in 2006. Contemi received approx. 25% ownership as part of the remuneration. Shares were transported to Contemi owners before sale to R&SA.

SHARE REMUNERATION CASE

Ruby Rocket (2011- )
China (PL services)

COMMENTS & STATUS

Contemi owners took 92,5% ownership at startup.

SHARE REMUNERATION CASE

WaterCircles Scandinavia
(2010- )
Norway (PL)
Sweden (PL)
Denmark (PL)

COMMENTS & STATUS

100.000 shares received for eternal user license & business plans. Value of these shares at last capital increase in 2013 was MNOK 73,5. The shares are held by Contemi owners.

SHARE REMUNERATION CASE

NewCo (2015- )
South America (PL)

COMMENTS & STATUS

Contemi will receive shares in NewCo as remuneration for eternal license.