Tag: Novidea
How Lloyd’s Core Data Record is transforming the insurance industry
Announced in early 2021 and currently at version 3.2, the Core Data Record (CDR) is a groundbreaking initiative aimed at streamlining and standardising transaction...
10 insurance industry predictions for 2025
Following a dynamic 2024 that saw sweeping transformations across the insurance sector—driven by climate extremes, rapid technological innovation, and shifting market demands—Novidea, a leading...
The role of ESG data in modern insurance underwriting
Insurance firms have begun implementing environmental, social and governance (ESG) data into their offerings amidst a swell of pressure from stakeholders. This data is transforming underwriting profitability, enabling better risk assessments, product innovation, and regulatory compliance.
Navigating the future of insurance distribution and innovation
The insurance industry is undergoing a significant transformation, driven by the need to balance profitability with expanding distribution channels. Carriers, brokers, MGAs, and the broader insurance ecosystem are navigating this shift by adopting innovative strategies and adapting to new market realities. At the heart of this change is insurance distribution. Jeff Heine, CRO at Novidea, opened up on what the future may hold in this area.
Novidea expands in the London Market with new headquarters to drive...
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.
Why the CrowdStrike outage highlights a need for modern insurance management...
On July 19, 2024, cybersecurity giant CrowdStrike issued a routine software update. However, this time things went terribly wrong. The update, which was meant to enhance security, ended up causing major disruptions across industries worldwide. The faulty software quickly wreaked havoc on IT systems reliant on Microsoft's operating system, with insurance firm Parametrix estimating $5.4bn in damages were done to Fortune 500 companies alone. Jeff Heine, Chief Revenue Officer of Novidea delved into why this calamity underscores the need for modern, sophisticated insurance management systems.
Six ways tech is revolutionising M&A for insurers
Mergers and acquisitions (M&A) have long been pivotal strategies for growth within the insurance sector, enabling firms to expand their market presence, enter new territories, and secure competitive advantages.
Novidea acquires automated document generation leader Docomotion
Novidea, the creator of the cloud-based, data-driven enterprise insurance management platform, has announced the strategic acquisition of Docomotion, an automated document generation technology provider.
Madanes partners with Novidea for a groundbreaking digital overhaul in insurance...
Madanes Insurance Agency, a leading insurance broker specializing in complex insurance schemes across property, liability, and health sectors, along with risk and claims management, has partnered with Novidea.
Novidea secures $30m boost from HarbourVest to revolutionise InsurTech
Novidea has recently announced a significant development in its growth trajectory, securing an additional $30m in funding from HarbourVest Partners.