New Dawn Risk has chosen Novidea’s insurance management platform as part of a strategic move to streamline its operations and enhance service delivery to its clients.
This selection is aimed at fostering sustainable growth and improving efficiency across the business by leveraging advanced digital tools.
New Dawn Risk is a specialist Lloyd’s broker that provides bespoke insurance solutions, navigating complex and high-risk scenarios for retail and wholesale clients globally. Novidea, on the other hand, offers a scalable insurance management platform that encompasses functionalities from initial inquiry and quotation to policy issuance, risk management, and claims handling, all supported by real-time analytics and automation.
New Dawn Risk’s decision to implement Novidea’s platform and Docomotion’s document generation solution marks a significant step towards integrating cutting-edge technology to enhance operational effectiveness and client interaction. These tools are set to transform their traditional processes, aligning with digital transformation trends in the insurance sector.
This technological enhancement aligns with New Dawn Risk’s commitment to embracing digital solutions to prepare for upcoming market initiatives such as Lloyd’s Blueprint Two. The move also aims to equip the firm with the necessary tools to navigate the increasingly digital landscape of the insurance market effectively.
Connie Dyson, COO at New Dawn Risk, commented on the adoption: “Adopting Novidea’s platform signifies our commitment to innovation and delivering exceptional client service. The integration of Novidea and Docomotion’s technologies will revolutionise our operations, providing crucial insights and automating key processes, enabling us to comply more effectively with market transformations like Lloyd’s Blueprint Two and CDR.”
Jeff Heine, Chief Revenue Officer at Novidea, expressed his views on the collaboration: “We are thrilled that New Dawn Risk has chosen our platform to enhance their operational efficiencies and client experiences. Integrating our technology into their operations will underscore their commitment to innovation and value delivery. It’s exciting to support a forward-thinking broker like New Dawn Risk in leveraging our technology.”
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