News Category: Press Releases

LONDON – August 6, 2025 – Novidea, the global leader in cloud-native, data-driven insurance management platforms, has been honoured with four prestigious awards in 2025, reinforcing its position as one of the most innovative technology providers in the global insurance sector.

This year, Novidea has been:

• Named to PropertyCasualty360’s Insurance Luminaries Class of 2025 in the Technology Innovation category for the second consecutive year.
• Recognised in both the DataTech50 and AIFinTech100 lists for pioneering data-driven and AI-powered solutions in insurance.
• Awarded Technology & Innovation Supplier of the Year at the London Market Forum (LMF) Market People Awards,  a title it has won multiple times, including in 2022, 2023 and Highly Commended in 2024.

The Insurance Luminaries programme, curated by PropertyCasualty360, celebrates organisations that are modernising and humanising the property and casualty (P&C) insurance business. Novidea’s repeat win in the Technology Innovation category reflects its transformative impact on the insurance distribution lifecycle, from lead generation and quoting to policy administration, claims, and complex financial reconciliation.

In 2024, Novidea further expanded its innovation capabilities through the acquisition of Docomotion, a cloud-based automated document management solution. This technology enables intuitive, no-code form processing, management, and e-signatures, enhancing operational efficiency for document-heavy insurance processes such as policies, quotes, MRCs, coverslips, and binding documents.

The DataTech50, curated by FinTech Global, recognises the most forward-thinking companies using data analytics, management, and infrastructure solutions to transform financial services, while the AIFinTech100 honours the most innovative AI and machine learning solutions in financial services. Novidea’s inclusion in both lists highlights its leadership in advanced data driven capabilities and actionable intelligence to streamline operations, improve compliance, and deliver enhanced customer experiences.

At the LMF Market People Awards, Novidea was recognised as Technology & Innovation Supplier of the Year for its continued contributions to the London Market’s technology landscape. The award highlights Novidea’s platform which is purpose built for London Market brokers and MGAs with a single platform covering the entire insurance lifecycle, including complex risk placement and Lloyd’s messaging to streamline operations, unlock the value of their data, and scale effectively. This win reinforces Novidea’s position as a leader in driving digital transformation across the London Market.

Julie Shafiki, Chief Marketing Officer at Novidea “It’s an honour to be recognised with four major industry awards in 2025 for our commitment to technology and innovation. Being recognised in the Insurance Luminaries, DataTech50, and AIFinTech100, as well as earning the title of Technology & Innovation Supplier of the Year at the LMF Market People Awards once again, highlights the strength of our platform. Built on deep industry expertise and a commitment to innovation, our platform is driving meaningful change across global insurance markets. It’s empowering businesses to transform operations, tackle challenges, and deliver outstanding value to policyholders around the world.”

July 16, 2025—Novidea today announced that Kinetic Insurance has accelerated its digital transformation and scaled operations with its cloud-native insurance management platform. Kinetic is a workers’ compensation MGU that uses wearable technology, data, and AI to reduce workplace injuries. Enabled by the Novidea platform, Kinetic achieved a 24 percent increase in submission volume between 2023 and 2024, and a year-over-year (YoY) increase of 75 percent in its overall book of business.

Backed by Nationwide, Primary, Prologis, and Crosslink Capital, Kinetic partners with local, regional, and national insurance agencies to provide workers’ comp policyholders with cutting-edge tech to monitor worker safety and deliver data-driven insights on reducing workplace injuries through safer practices. 

“The Novidea platform has empowered Kinetic to process more than 10,000 submissions on the platform while giving us 24/7 access to the data we need to understand our business,” said Haytham Elhawary, Co-Founder and Chief Strategy Officer at Kinetic Insurance. “The ability to access a single source of reliable data across departments and manage all of our policies and stakeholders, including insureds, brokers, and carriers, through a single pane of glass makes us more efficient, so we can scale faster and better meet the needs of our customers. We also have the ability to create an auditable system of record, keeping us in compliance with industry regulations. With Novidea serving as our foundation, we now have a modern platform on which we can build automations for future services and products.”

Kinetic previously relied on Google Sheets to manage its policy distribution lifecycle, manually tracking submissions, quotes, policies, commissions, and sales KPIs. This led to data silos, limited reporting, inconsistent submission forms, and poor audibility, which became increasingly difficult to manage as their workers’ compensation business expanded. A scalable solution was needed to support growth, improve user experience, and enhance customer service.

After a thorough review of multiple vendors, Kinetic selected Novidea as its platform because of its enterprise-grade solution that uniquely supports the workflow and data needs of MGAs and MGUs. The Novidea platform’s modular, open API architecture meant that Kinetic could implement the solution quickly, connect it to other applications and data sources, and easily adapt it to meet their needs. For example, Novidea made it easy for Kinetic to extract data to bring into other software like Tableau for visualization.

With the deployment of the Novidea insurance management platform, Kinetic now reaps the benefits of a system that offers: 

• Unified access across all departments to customer and operational data from a single source of truth
• An auditable history of all policies, submissions for Kinetic’s Nationwide partners, and all structured data
• A highly flexible, future-forward system that adapts to Kinetic’s changing operations
• A foundation on which Kinetic can build additional functionality, including building and deploying AI agents in the near future for its broker and carrier customers

Novidea’s Chief Revenue Officer, Jeff Heine, commented, “Kinetic is an innovative leader in the workers’ compensation insurance sector, bringing a modern, data-driven approach to risk product and customer service delivery. We’re honored to be their insurance management platform of choice, helping them scale their business.”

Jeff Heine, Chief Revenue Officer of Novidea, and Haytham Elhawary, Co-Founder and Chief Strategy Officer at Kinetic Insurance, will participate in a panel, “Inside the Distribution Shake-Up: How Brokers, MGAs, MGUs & Hybrid Fronting Carriers Can Win the Next Era” on October 14, 2025, at 10:30 a.m. Pacific Time at ITC Las Vegas on the ITC Brokers Stage at the Mandalay Bay Convention Center.

BOSTON—July 15, 2025—Novidea, creator of the cloud-based, data-driven insurance management platform, has been named to PropertyCasualty360’s Insurance Luminaries Class of 2025 award in the category of Technology Innovation. This is the second consecutive year that PC360 has recognized Novidea’s innovation in the property and casualty (P&C) insurance industry. The awards program spotlights top professionals, teams, organizations, programs, practices, and products within the P&C insurance sector that strive to modernize and humanize the business. 

The 2025 honorees were selected by a panel of industry experts based on how well they stated and achieved goals with regards to the nomination category; how impactful their work has been; how dedicated the nominee has been to furthering modernization and humanization in the P&C insurance business; and how committed and dedicated the nominee has been to high ethical standards, service and excellence.

“Insurance is a complex and intricate industry with what seems like a million moving parts,” said PropertyCasualty360 Editor-in-Chief Elana Ashanti Jefferson. “That’s why my team and I enjoy hosting the annual PropertyCasualty360 Insurance Luminaries honor. This professional recognition program allows us the chance to spotlight companies, organizations, programs, practices, teams and individuals that truly make a difference in insurance. These honorees pay homage to the industry’s critical mission to make insureds whole after a major loss while powering forward with fresh ideas and modern tools for tackling today’s challenging business conditions.”

Novidea received top honors in the “Technology Innovation” category again this year. Novidea’s insurance management platform enables brokers, agents, MGAs, MGUs, hybrid fronting carriers, specialty and wholesale insurers to modernize and manage the insurance distribution lifecycle from lead generation and quoting to policy admin, claims, and even complex financial reconciliation. Novidea’s open API architecture streamlines processes, connects applications and systems, and delivers full integration between customer-facing policy transactions and the middle and back office. The platform eliminates data silos and creates a single system of record for data, providing powerful analytics and real-time dashboards and reports, for unprecedented visibility into performance, profitability, and key trends, allowing for data-driven decision-making.

In 2024, Novidea added to its technical innovation through the strategic acquisition of Docomotion, a cloud-based automated document management, an essential technology for document-heavy industries. Docomotion builds intuitive, no-code solutions for automated form processing, design, management, and e-signatures tailored to the business needs of insurance organizations. This includes policies, quotes, MRCs, coverslips, and binding documents, generated directly from the insurance organization’s CRM. Together, Novidea and Docomotion are streamlining insurance document management, making it more dynamic and efficient. 

“It’s an honor to be recognized by PropertyCasualty360 for the second consecutive year in a highly competitive category,” said Ido Peled, SVP Product at Novidea. “Insurance industry experts at Insurance Luminaries ranked Novidea as the top innovator, which is a testament to our product development team. Novidea is dedicated to continuous innovation, consistently adding new capabilities to deliver ongoing value to our global customers.”

BOSTON AND LONDON – April 29, 2025— Novidea, provider of the cloud-native insurance management platform for brokers, agents, MGAs, and hybrid fronting carriers, today released new insights on the evolving MGA market, spotlighting the operational challenges shaping the sector’s future. Drawing on industry research, customer feedback, and engagement with global insurance stakeholders, Novidea experts identified the critical obstacles MGAs must overcome to sustain growth.

MGAs are pivotal in bridging coverage gaps and driving market expansion. Research from Conning reveals that MGA premiums in the U.S. surpassed $102 billion, while The Actuarial Post reports $5.7 billion in the UK — marking continued momentum. However, as demand surges, MGAs have a growing business opportunity and need to navigate complexity, maintain agility, and balance growth with long-term profitability.

“MGAs play a critical role in managing emerging risks and fueling market growth, but operational inefficiencies and fragmented and/or legacy technologies continue to hinder their full potential,” said Jeff Heine, Chief Revenue Officer at Novidea. “To thrive in this environment, MGAs must equip themselves with the tools and strategies to address these challenges and seize new opportunities. Novidea delivers advanced analytics and actionable insights that translate into real-time business intelligence, enabling MGAs to drive growth.” 

Five key challenges facing MGAs today are:

1. Limited Business Insights – Poor data management, limited access to quality data and deficient reporting capabilities prevent many MGAs from gaining insights into business performance, making it hard to make smart decisions for the future, satisfy capacity providers and meet growth targets.
2. Fragmented Systems and Collaboration Challenges – Relying on disconnected platforms complicates operations, reduces collaboration, and can cause ineffective communication between insurers, brokers, and third-party solutions providers. The inability to streamline and access real-time data across departments, anytime, from anywhere can hold MGAs back from optimally managing their businesses.
3. Core Platform Limitations – Many MGAs run the risk of adopting outdated systems that lack critical functionalities and flexibility, limiting their ability to adapt to business opportunities and possibly falling behind competition. 
4. Regulatory Compliance – Keeping pace with evolving regulations introduces significant operational risks for under-resourced MGAs.
5. Need for Market Adaptability – Many MGAs lack agile workflows and tools necessary to efficiently launch new commercial lines of business and adapt to changing conditions without disrupting current operations.

MGAs must find innovative ways to overcome these obstacles while maintaining focus on client needs and market opportunities. A modern insurance management platform is essential for MGAs looking to thrive in a competitive market. These platforms enable organizations to scale efficiently, respond swiftly to market changes, and enhance service delivery, positioning them for sustained success in the evolving insurance landscape.

Novidea’s platform fully streamlines front, middle, and back offices, boosting operational efficiency while providing a seamless digital experience. MGAs can manage anything from submissions, quote-to-bind, policy issuance, and premium processing, to claims and accounting in one platform. Flexible Bordereaux production and value-driven reporting means clients can easily differentiate and demonstrate value to capacity providers and trading partners.

Novidea’s open API infrastructure means you can tailor your business by adding functionality, capabilities, and services as you grow, capitalising on a continuously evolving landscape.

MGAs benefit from a 360-degree view of any account or portfolio of business, making it easy to make fast, accurate and informed business decisions based on valuable data insights across every phase of the insurance supply chain. 

Come meet with Novidea’s experts at TIN Delegated Authority Strategy Day on 29th April in London or at Target Markets on May 6-8 in Dallas, TX.

BOSTON AND LONDON – March 19, 2025— Novidea, creator of the cloud-based, data-driven insurance management platform, announces release of a new version of its award-winning platform to further streamline processes with automation of manual processes, highlight opportunities to better sell, service, and communicate with clients, as well as deliver actionable insights for insurance organizations. Built on a flexible, cloud-based architecture, the Novidea platform delivers unmatched scalability and adaptability, ensuring brokers, agencies, MGAs and carriers can stay ahead in a competitive and ever-changing industry landscape.

Addressing challenges in insurance distribution, Novidea is focused on both global and market-specific innovations.  Customers benefit from improved compliance and financial controls, enhanced claims processing, and streamlined policy management, driving a new level of efficiency, while enabling insurance organizations to deliver a world-class customer experience.

Some highlights of the new capabilities include:

• Enhanced 360 Degree Account View – A complete real-time view of each client, including live policy information and claim statuses shared seamlessly across account teams. 
• Smarter Policy Management – New risk limits and excess functionality make handling complex policies easier, while centralized tax and deduction management reduces errors.
• Faster Claims Processing: Advanced CLASS messaging streamlines claim signing, enhances error handling, and facilitates compliance, reporting and tracking across multiple markets.
• Optimized Insurance Broker Accounting (IBA): A refined ledger view with dynamic filtering and advanced reporting enables financial oversight, faster reconciliation, and strengthens control over transactions.
• Actionable Intelligence: Real-time insights into potential exposure to losses (including CAT) by account, geography, trading partners, etc.

Additional features include comprehensive fee transaction support for broker-to-underwriter payments, which foster flexibility in financial workflows as well as the ability to handle manual aggregation of premium and claims data for more accurate financial reporting.

“Novidea maintains an innovative technology mindset and draws from our deep knowledge of the insurance industry. It is important to us to incorporate the feedback from our customers across the globe, so that we deliver a solution which addresses their challenges,” said Ido Peled, SVP Product at Novidea. “With each new version of our insurance management platform, we strive to empower our customers to make smarter, data-driven decisions, provide best-in-class customer experience, and grow their businesses.”

LONDON —March 5, 2025—Novidea announces that New Dawn Risk has selected its cloud-native, data-driven insurance management platform to streamline operations, drive sustainable growth across the business, and better serve its customers. New Dawn Risk has also invested in Docomotion’s (a Novidea company) document generation solution to further enhance operational efficiency and deliver an improved client experience.

New Dawn Risk is an independent specialist Lloyd’s insurance broker, focusing on professional and financial lines and cyber. They work with retail and wholesale insurance brokers in the United States and internationally to provide expert solutions for complex and unique risks.

Adopting Novidea’s insurance management platform marks a major step forward for the broker. Its end-to-end capabilities will enable New Dawn Risk to optimise every aspect of the broking lifecycle, from initial inquiry to quotation, policy issuance, risk management, and claims handling. The addition of Docomotion streamlines its documentation processes, ensuring seamless document generation and reducing manual effort. 

This investment in technology aligns with the specialist broker’s commitment to embracing digital solutions in the London Market, positioning the firm to prepare for Lloyd’s Blueprint Two and other future market initiatives. Coupled with 360-degree reporting on their clients and real-time analytics across the business, New Dawn Risk is primed to deliver greater value.

Connie Dyson, New Dawn Risk’s COO, said: “Partnering with Novidea reflects our dedication to innovation and client-centric service. The Novidea insurance management platform, combined with Docomotion, will transform the way we do business, providing invaluable insights, automating critical processes, and ensuring we can more effectively comply with market digital transformation initiatives such as Lloyd’s Blueprint Two and CDR.”

“Our current systems have been curtailing our growth, as they are not fully integrated, slowing down processes and requiring rekeying. Novidea’s platform, alongside Docomotion’s document automation, will not only drive efficiencies but also enable us to report across the business for the first time and pursue growth opportunities from client-data insights.”

Jeff Heine, Chief Revenue Officer at Novidea, stated: “We are very excited to partner with New Dawn Risk on their journey to drive informed decision-making, operational efficiencies, and an unparalleled client experience. Integrating Docomotion into their toolkit will further underscore their commitment to delivering value and innovation to their clients. It is great to see London Market brokers of all shapes and sizes benefiting from the Novidea insurance management platform.”

LONDON AND BOSTON—January 27, 2025—Novidea, creator of the cloud-native, global insurance management platform for brokers, agents, and MGAs, today revealed the top ten predictions they believe will shape the insurance industry in 2025. The trends driving these predictions will impact insurance organizations across the entire insurance distribution lifecycle. Novidea’s insurance industry experts identified these predictions by monitoring key events throughout 2024, receiving feedback from their global customer base, and engaging in dialogue with industry peers.

“In 2024, the insurance industry experienced significant operational transformation, facing more pressure than ever to innovate, improve efficiency, boost profitability, and deliver a world-class customer experience,” said Jeff Heine, Chief Revenue Officer at Novidea. “To help organizations prepare for the year ahead, our experts assembled a list of predictions that will shape how the industry progresses this year.”
The top predictions for the US insurance market are:

1. M&A will make a comeback. Insurance mergers and acquisitions (M&A) activity will resurge in 2025 as the U.S. economy continues its post-pandemic recovery. VC investment in insurtechs will increase as interest rates begin to normalize. Carriers will increasingly consider acquiring MGAs. For these deals to be successful, the right insurtech platform will smooth the integration of purchased companies, facilitating automated and standardized processes across different lines and business types (such as wholesale, retail, and reinsurance) as they are acquired.
2. Cautious gains for reinsurers. Despite record-breaking climate costs, reinsurers will see modest growth in 2025. With the increased frequency of weather-related damages and claims, reinsurers must have greater visibility into the risk that carriers write. This market will rely heavily on tech solutions that deliver a single source of truth across the business, ensuring access to high-quality data. Reinsurers will increasingly want a direct line of sight into the risks being written in order to better manage them.
3. Cybersecurity insurance will evolve. The Crowdstrike outage proved that there are many nuances to cyber insurance policies. We still haven’t seen all of the fallout from this incident. Expect to see an influx of specialized risk products in 2025 catering to business interruptions caused by tech outages that are not malicious in nature. Now is the time for specialty insurers to take stock of their front, middle, and back office systems to ensure they’re ready for future changes.
4. E&S and specialty insurance growth spree continues. In the US, the excess and surplus (E&S) market was the breakout star of the industry in 2024, and this trend will continue in 2025. IT leaders in the E&S market will upgrade their technology to keep up with demand, particularly around automation, AI, cloud, customer experience, and data analytics. E&S wholesaler Pathpoint, a US customer of Novidea’s, is a prime example of one such company who’s already made strategic tech investments, resulting in a 20 percent policy submission growth rate and doubling its sales and underwriting operations.
5. Insurtech-led ecosystems will drive the next wave of insurance innovation. In 2025, the role of insurtechs in creating ecosystems and modular tech solutions will grow. They will serve as facilitators, enabling flexibility and providing the ability to integrate various technologies easily. Insurance marketplaces will continue to evolve and mature. Insurers will implement a robust API fabric and composite APIs to perform essential lifecycle functions.

In the UK, the top predictions that will shape the industry in 2025 are:

1. Profitability in distribution and the rise of MGAs. Carriers in the UK will face mounting pressure to broaden their distribution channels while maintaining profitability. Many will acquire or launch their own MGAs, which have become critical to distribution strategies. For carriers, MGAs offer a way to diversify their portfolios while maintaining tighter control over underwriting standards, helping them balance growth and profitability.
2. Innovation as a strategic imperative in anticipation of BP2. Innovation will be a central theme in 2025 for brokers, carriers, and MGAs. To innovate, these businesses must operate on a unified platform that supports and integrates with emerging technologies and data via APIs. This approach will allow insurers to harness the full potential of new advancements such as AI, complex document generation tools like Docomotion, and more. This drive toward innovation will accelerate with the anticipated BP2 plan set for 2025, bringing new standards to the industry. When delivered, BP2 is expected to create substantial opportunities for brokers, carriers, and MGAs to develop data-driven innovations that translate into customer-centric experiences across the value chain.
3. Climate extremes and insurability challenges. In the UK, climate extremes will become routine rather than rare. These conditions will strain policyholders and insurers alike, driving up the cost of insurance coverage and making carriers reluctant to insure high-risk properties. The UK wholesale insurance market will be particularly impacted as premium pricing and risk management become increasingly complex. For insurers to navigate these challenges, it’s crucial to use high-quality climate data to build resilience and effective risk management into their policies. Reinsurers will work more closely with carriers to deploy their capacity to risks they’re most comfortable with and align with MGAs on specific markets that are higher risk.
4. The insurance talent shortage will come to a head. The London Market has been facing a talent shortage for years, but in 2025, the situation will become urgent, and the industry must do more in 2025 to attract younger talent. One way to attract the next generation of insurance superstars is to highlight the industry’s innovation potential. Core platforms like Novidea enable insurers to be innovative businesses. In addition, departments solely responsible for innovation are now being integrated across all departments, creating a mindset of innovation at their core. This shift is essential for companies looking to stay competitive and recruit top talent.
5. Insurance Organizations Prepare for the AI Revolution. Artificial intelligence is reshaping industries, and insurance is no exception. As AI matures, it promises to transform key processes like claims management, underwriting, and customer service. However, this evolution will not happen overnight. In 2025, insurers will focus on preparing their technology infrastructure and data systems to support AI-driven tools effectively. The most strategic move for insurance organizations is investing in a modern insurance management platform, such as Novidea’s. These platforms provide the flexibility to seamlessly integrate new functionalities, capabilities, and services, enabling businesses to adapt and thrive in this transformative era of technology.

To hear more about these predictions and how your organization can prepare for them, book a meeting with Novidea’s experts at ITC London, a new event focused on the “Future of Insurance,” held 27 to 28 January 2025 at The Brewery in London, UK.

19 November 2024 – London, UK – Novidea, creator of the cloud-based, data-driven enterprise insurance management platform for brokers, agents, MGAs/MGUs, carriers, and wholesalers, has expanded its London Market presence with smart new offices at the heart of the City in London, the world’s leading centre for international specialty insurance.

The new premises will support Novidea’s growing team, enabling them to better serve existing customers and meet ambitious growth targets as the company aims for further expansion in the UK and EMEA regions.

“Novidea has enjoyed accelerated growth over the last few years, working with some of the world’s leading brokers and carriers. Novidea is expanding to meet increased customer demand worldwide, as the need and desire for digital transformation in the sector continues to grow and insurance organisations are taking action to remain competitive and profitable,” said Roi Agababa, Novidea’s CEO. 

“The move to more spacious offices in the Willis building (WTW), overlooking Lloyd’s, will promote a high degree of efficiency and, most importantly, help us to provide an even better service, as we continue to grow in the London and UK regional markets, and beyond.”

The new office has an open floorplan, facilitating easy collaboration and communication between Novidea’s teams both locally and internationally. It also has excellent facilities for client meetings onsite.


This move highlights the importance and commitment to the London insurance market for Novidea as a platform for UK and international growth, with Novidea already supporting more than 100 customers across 22 countries worldwide with its award-winning insurance distribution platform. The company recently announced its acquisition of Docomotion, a leading provider in automated document generation.

Boston, Mass. and Las Vegas, Nev.–October 14, 2024—Novidea, creator of the cloud-based, data-driven enterprise insurance management platform for brokers, agents, MGAs/MGUs, carriers, and wholesalers, and Pathpoint, the modern wholesaler where insurance agents can get bindable, small commercial E&S quotes in just a few minutes, will present a live Q&A at ITC Vegas, the world’s largest gathering of insurance innovation. Jeff Heine, Chief Revenue Officer of Novidea, and Alexander Bargmann, CEO and Co-founder of Pathpoint, will present “ITC Brokers: Powering E&S Growth through Strategic Tech Investments,” on Tuesday, October 15, 2024, at 11:15 a.m. Pacific Time at ITC Las Vegas at Ballroom F of the Mandalay Bay Convention Center.

Pathpoint is one of the fastest-growing Excess & Surplus (E&S) insurance wholesalers in the U.S. Since implementing Novidea’s insurance management platform, the company has achieved a 20 percent policy submission growth rate and doubled its sales and underwriting operations to further expand its presence across the country. Novidea’s technology enabled the seamless integration of data and applications across Pathpoint’s underwriting, account, sales, and operations departments, eliminating data silos and facilitating data-driven decisions about the business. With greater access to customer and operational data across the business, Pathpoint gained greater insights into which lines of business were performing well. They were also able to uncover new opportunities to launch additional risk products in key geographic regions best positioned for growth.

“The strategic technology investments we’ve made over the last few years and the ecosystem we’ve built have been instrumental in our growth strategy,” Bargmann said. “I’m looking forward to joining Jeff Heine of Novidea on stage at ITC to share the Pathpoint story. I hope to inspire and educate other E&S and intermediary insurance leaders with valuable advice that they can implement in their own organizations.”

Experts across the insurance industry predict the E&S segment will outpace the overall commercial lines market within the next few years. E&S saw double-digit, year-over-year growth for four consecutive years. To support this unprecedented growth, E&S brokers and agents must make investments in modern, highly scalable technology so they can keep up with demand and respond faster.

“Novidea research shows that 49% of insurance business decision-makers say enabling growth is the number-one priority when choosing a new technology. E&S and the broader intermediary market that lack modern technology systems to help them streamline processes at scale will lose out on the massive growth potential this sector is experiencing,” said Jeff Heine, CRO at Novidea. “In our presentation at ITC, Alex and I will talk about the need for agile, cloud-native technologies that delivers a great digital experience while eliminating the need for agents to re-key information or fill out clunky forms. We will show how speed, accuracy, efficiency, and scale are the keys to success for E&S players like Pathpoint.”

In addition to the presentation, Novidea is a gold sponsor and exhibitor at ITC Vegas. For more information about Novidea’s award-winning technology, visit ITC booth number #2365 or visit https://novidea.com.

BOSTON — October 8, 2024 — Novidea, creator of the cloud-based, data-driven enterprise insurance management platform for brokers, agents, MGAs/MGUs, carriers, and wholesalers, has been named to PropertyCasualty360’s Insurance Luminaries Class of 2024 in the category of Technology Innovation. This recognition celebrates innovation in the property and casualty (P&C) insurance industry. The program spotlights top professionals, teams, organizations, programs, practices, and products within the P&C insurance sector that strive to modernize and humanize the business.

The 2024 honorees were selected by a panel of insurance industry experts based on how well they stated and achieved goals regarding the nomination category, how impactful their work has been, how dedicated the nominee has been to furthering modernization and humanization in the P&C insurance business, and how committed and dedicated the nominee has been to high ethical standards, service, and excellence.

“My colleagues and I are thrilled to be able to recognize pace-setting insurance organizations, programs, practices, teams, and individuals as part of the annual PropertyCasualty360 Insurance Luminaries recognition program,” says Editor-in-Chief Elana Ashanti Jefferson. “This year’s honorees pay homage to the industry’s mission to make insureds whole after a major loss while adapting to challenging business conditions created by historic storms, inflation, and litigation trends.”

Novidea won in the “Technology Innovation” category. Novidea’s insurance management platform enables brokers, agents, specialty and wholesale insurers, carriers, and MGAs to modernize and manage the customer insurance journey end-to-end and drive growth across the entire insurance distribution lifecycle. Novidea leverages the power of an open API architecture to provide a complete ecosystem spanning every aspect of an insurance business. This enables full integration between customer-facing policy transactions and the agency’s middle and back office. Novidea eliminates data silos within an insurance organization and gathers customer data, turning it into actionable insights for delivering greater customer value through tailored products and services. All this happens in one platform that agents and brokers can access anytime from anywhere.

In addition, Novidea empowers insurance organizations to offer self-service capabilities to their customers, a growing industry trend. The Novidea customer portal enables organizations to elevate the customer experience, improve efficiencies, lower costs, accelerate claims processing, and boost customer retention. Novidea’s low-code platform delivers agility, speed to market, and lower costs.

“We’re honored by PropertyCasualty360’s recognition of our modern, end-to-end insurance management platform,” said Julie Shafiki, Chief Marketing Officer at Novidea. “We’re inspired by the fact that insurance industry experts compared our technology to other key players in the insurtech sector and ranked Novidea as the top innovator. We are committed to ongoing innovation and the addition of new capabilities to continue bringing value to our customers worldwide.”

Novidea is a sponsor and exhibitor at ITC Vegas, October 15-17, 2024, where it will showcase its award-winning technology.