Novidea expands in the London Market with new headquarters to drive growth

November 19, 2024

Novidea, a leading InsurTech firm known for its cloud-based, data-driven insurance enterprise management platform, has bolstered its presence in the London Market by relocating to a larger office space in the heart of the City of London.

The new office space, located in the iconic Willis building overlooking Lloyd’s, is designed to support Novidea’s growing workforce. The company aims to enhance its service offerings to existing clients while achieving ambitious growth objectives in the UK and EMEA regions. The relocation is a key milestone as Novidea continues to expand its footprint in the global insurance sector.

Novidea CEO Roi Agababa said, “Novidea has enjoyed accelerated growth over the last few years, working with some of the world’s leading brokers and carriers.

“Novidea is expanding to meet increased customer demand worldwide, as the need and desire for digital transformation in the sector continues to grow and insurance organisations are taking action to remain competitive and profitable.

“The move to more spacious offices in the Willis building, overlooking Lloyd’s, will promote a high degree of efficiency and, most importantly, help us to provide an even better service, as we continue to grow in the London and UK regional markets, and beyond.”

The modern office layout, featuring an open floorplan, is designed to facilitate collaboration and communication among Novidea’s teams both locally and internationally. With upgraded facilities, the new space also offers enhanced capabilities for hosting client meetings.

This relocation reflects Novidea’s commitment to the London insurance market as a pivotal platform for UK and international growth. The company already serves over 100 customers across 22 countries with its award-winning insurance distribution platform. Recently, Novidea announced the acquisition of Docomotion, a prominent provider of automated document generation solutions, further strengthening its product offering.

Novidea continues to lead the charge in digital transformation within the insurance sector, providing businesses with a comprehensive platform to manage customer journeys and optimise the insurance distribution lifecycle.