Industries

TECHNOLOGY

Nova specializes in technology. We spend every day making technology deliver results for our clients and from this experience we have a wealth of knowledge to bring to each new project.

EXPERIENCE

With our experience with various industries we understand the processes that drive your business, the workflows you manage and the terminologies you use.

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(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
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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 3rd 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.

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Our Core Competencies

We understand the importance of acquiring an intimate understanding of your ‘pain points’ before offering a solution. Nova’s goal is to accelerate the delivery of applications and services by leveraging our experience against your business needs.

Business analysis and requirement gathering
Software architecture and development
Quality assurance
Training and mentoring
Business intelligence

OTHER SECTORS

Nova is proud to have worked with a variety of companies in a range of sectors. Regardless of the size of your organization or your objectives, Nova can help . Get in touch to find out more.

Visit us
Bermuda Commercial Bank Building
34 Bermudiana Road - Penthouse
Hamilton, HM11, Bermuda
Write to us
Suite #1547,
48 Par-la-ville Road
Hamilton, HM11, Bermuda
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