About us
Tillit was founded by Erik Skaar and Elias Ottosen, after they left their jobs in the traditional insurance business to start a new kind of insurance company. They had experienced first hand how the fundamental conflict of interest in insurance, where customers want claims payouts while the companies want profit, kept the industry from giving up control by digitising.

Erik realised that the conflict could be reduced if the companies operated with a limited profit model, where most of the premiums are returned to the customers through claims payouts, while they themself kept a fixed amount to run the company.

Tillit thereby had the right starting point to make an insurance experience for the customers' needs instead of the companies', similar to American Lemonade Insurance and Swedish Hedvig Hemförsikring.

The result was Norway's first digital insurance experience, with innovations like risk reducing accesories, gamification and transparency, based on a limited profit model with dynamic premiums, which reduces the conflict of interest and thereby enables a lasting digitisation and democratisation of insurance.

TheFactory accepted Tillit to its accelerator program, in the spring of 2017, and DNB accepted Tillit to its accelerator program at StartupLab, in the spring of 2018, which resulted in Schibsted investing 1 million kroner in Tillit, in the fall of 2018.
The founders of Tillit
Erik Skaar (27), CEO and co-founder of Tillit, has a bachelor in business administration from the University of South-Eastern Norway and also did an exchange semester at Fudan University in Shanghai. He worked at Norway's oldest insurance agency, before quitting his job to start Tillit together with Elias Ottosen. Read more.
Elias Ottosen (25), CSO and co-founder of Tillit, studied psychology at the University of Oslo and is a former national level athlete on 800 meters. He worked at Norway's oldest insurance agency with Erik Skaar, before they left to start Tillit. Read more.
Anders Schnell (27), CTO and co-founder of Tillit, has a master in mathematics from the University of Oslo and like Erik Skaar did a semester abroad at Fudan Univeristy in Shanghai. He's a self-taught developer and worked as a developer at several startups, before he joined Tillit as the CTO. Read more.
The investors in Tillit
Schibsted Media Group (Schibsted Growth) is one of the largest media corporations in the Nordics with over 8000 employees and 16,9 billion kroner of revenue in 2017. They own many of the largest news outlets and online platforms in the Nordics, like VG and FINN. Schibsted invested 1M NOK in Tillit in september 2018. Read more.
TheFactory (Fintech Angels II) is the oldest accelerator for fintech in Norway, with several dozen startups that have been through their program since 2016. They have accelerated startups like Luca Labs, Bolink and Empower. TheFactory became Tillit's first angel investor in september 2017. Read more.
The board of Tillit
Svein Sollund is CEO of the oilfield service company AGR and has an MBA from NHH. He has previously been CFO of one of Norway's largest insurance company, Storebrand, and has also been part of several mergers and exits during his career. Svein joined the board of Tillit in February 2019. Read more.
Kristine Eilertsen is director of development at the student loan provider Lånekassen and has formerly worked as director of digitisation at Norway's largest insurance company, Gjensidige. She has an MBA from NHH and also has a master in strategy from Bocconi University. Kristine joined the board of Tillit in February 2019. Read more.
The accelerators of Tillit
DNB NXT (StartupLab) is the accelerator of Norway's largest bank, DNB, operated by Norway's largest startup community, StartupLab. They have accelerated startups like Lucidtech, FundingPartner and VipiCash. DNB NXT (StartupLab) accepted Tillit to its accelerator program in the spring of 2018. Read more.
TheFactory is the oldest accelerator for fintech in Norway, with several dozen startups that have been through their program since 2016. They have accelerated startups like Luca Labs, Bolink and Empower. TheFactory accepted Tillit to its accelerator program in the spring of 2017. Read more.