Noldor

Noldor is an insurtech company that provides a data analytics platform for carriers, reinsurers, and reinsurance brokers to access and optimize program data from MGAs (managing general agents). Founded in D.E. Shaw's venture studio DESCOvery in 2021, Noldor's technology integrates with any entity with delegated underwriting authority, regardless of their existing tech stack. This integration allows Noldor's platform to leverage artificial intelligence and machine learning to aggregate data, uncover hidden drivers of loss ratios, and automate back-office functions like reporting.

Noldor's data-agnostic approach enables turnkey integration of MGA data, enabling partners to spend less time processing data and more time acting on it. The company's platform provides digital access to clean, structured program data, differentiating MGAs and enabling their partners to optimize capacity without requiring investment in tech that only works with specific insurtech providers or carriers. By June 2023, Noldor was working with dozens of MGAs and across multiple carriers and reinsurance brokers responsible for billions of dollars in gross written premiums.

Key customers and partnerships

Noldor has formed partnerships with several reinsurance brokers, MGAs, and carriers across multiple lines of business. The company is active in both London and Bermuda markets, serving the program business market.