Tag: Novidea

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.

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, 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 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 has recently announced a significant development in its growth trajectory, securing an additional $30m in funding from HarbourVest Partners.

Novidea, an innovative leader in the InsurTech sector known for its cloud-based, data-driven insurance management platform, has recently welcomed Jeff Heine as its new...

Novidea, a leading provider of cloud-based enterprise insurance management solutions has announced new features for its pioneering insurance management platform.

Novidea, creator of the pioneering cloud-based, data-driven enterprise insurance management platform, has announced that Daniela Krispin will take up the role of VP, Research & Development.

Atlantic Global Risk, a forward-thinking specialty insurance broker that specialises in crafting complex insurance solutions for legal, tax, and credit risks, has announced its collaboration with Novidea, the creator of a pioneering, cloud-based, data-driven enterprise insurance management platform.

The insurance industry is undergoing rapid transformation, and as we embark on a new year, it's essential to anticipate the key trends and developments shaping its future. InsurTech firm Novidea delves into its top ten predictions for the insurance sector in 2024.