Tag: Novidea

Novidea, a provider of cloud-based, data-driven enterprise insurance management solutions, has announced a raft of updates to its insurance management platform designed to boost its effectiveness in policy management, claims administration, billing, accounting, document and file management, and other key areas.

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...

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...

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 provider of cloud-native insurance management platforms for brokers, agents, and managing general agents (MGAs), has revealed its top ten predictions for 2025.

FinTech Global recently sat down for an interview with Novidea to learn more about the company and how it is redefining insurance distribution. Founded in...

The insurance industry is undergoing a significant transformation, driven by the need to balance profitability with expanding distribution channels. Carriers, brokers, MGAs, and the...

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.

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.