News Category: In the News

Paul Carroll: I wonder, first, if you would describe what you see as the main points of friction between carriers and agents and brokers?

Insurtech Novidea is further strengthening its global leadership team with the appointment of Betterview and Groundspeed Analytics executive Jeff Heine as Chief Revenue Officer (CRO).

For companies seeking acquisitions, the right InsurTech can optimize that process from start to finish, and InsurTech can make smaller companies more attractive to potential buyers.

The insurance industry is at a turning point, with rapid transformation driven by factors including technological innovation, evolving customer expectations, and changing market dynamics. To this end, InsurTech firm Novidea has outlined its top ten predictions for the insurance sector in 2024. These predictions are based on insights gained from the firm’s extensive experience working with insurers of all sizes and business models.

Insurance industry finally ready for digital transformation with 75% of insurance organisations ready to swap core management platforms by 2025 – Novidea global report reveals

63% of Singaporean C-suite execs surveyed indicate readiness to update core systems this year, compared with 41% globally.

An in-depth analysis conducted by Novidea, a provider of cloud-based, data-driven insurance management platforms, found 75% of insurance organizations worldwide are gearing up to embrace new core insurance management platforms within the next two years.