News Category: In the News

Relocation to the heart of a major financial district marks a key milestone

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.

I have three kids; one is a recent graduate, one is in university right now, and one is starting university soon. Each time, I have had to proactively go out and arrange car insurance for them rather than having my provider notice the trend and come to me to proactively suggest coverage.

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.