Novidea reinforces commitment to the UK and International Markets as a platform for growth

21 June 2022 – London, UK – Novidea, the creator of the only cloud-native, data-driven platform that optimises the entire insurance policy distribution lifecycle, strengthens its commitment to the UK and International markets as it launches its new offices at the heart of the City, the world’s leading centre for international insurance.

Novidea’s CEO, Roi Agababa, launched the new office at a spectacular party for staff and partners last week. Commenting on the move, Roi said: “Novidea has enjoyed rapid expansion over the last few years and we decided to commit to London as our centre for international growth, mirroring 300 years of history and heritage in the great London Market.”

The move to the new offices, in the stunning landmark building ‘the Gherkin’, highlights the importance of the London insurance market to Novidea as a platform for growth, in the UK and internationally. This follows Novidea’s win of the prestigious ‘Technology & Innovation Supplier of the Year’ award at the Market People Awards.

Novidea already supports more than 100 customers, including agents, brokers, MGAs, and the London Market, managing more than 22 million policies across 20 countries, worldwide.

Ben Potts, UK MD, Novidea, said: “Novidea is an ambitious, fast-growth business and our team has a long heritage of success in the sector. Our willingness to shake up the status quo with our cloud-native, data-driven insurance platform has brought us some big Tier 1 brokers, MGAs, and insurer client wins. This, along with future growth projections, necessitates our move.”

“At Novidea, our team of specialists work together as one integrated team, sharing knowledge and expertise, so the new office will promote a high degree of efficiency and, most importantly, help us to provide an even better service for our clients,”  he added.

Novidea is expanding to meet increased customer demand worldwide, from brokers, insurers, and MGAs, who are demanding digitalisation and e-trading to remain competitive and profitable.

The prestigious new premises will help to support Novidea’s growing team, which has doubled in size over the last year, to better serve existing clients, as well as support further ambitious growth targets as it aims for continued expansion in the London, UK, and international markets.

 

About Novidea

Novidea is a leading provider of the only born-on-the-cloud, data-driven insurance platform that enables brokers, agents, and MGAs to manage the customer insurance journey, end-to-end, and drive growth across the entire insurance distribution lifecycle.

The Novidea platform, built to leverage the power of Salesforce’s Big Technology, provides a complete ecosystem spanning every aspect of an insurance business, including a 360-degree view of the customer and all stakeholders, an integrated front-, middle-, and back-office, as well as seamless automated workflows that streamline every phase of the insurance journey.

Brokers, agencies, and MGAs have instant access to all customer and policy data, with actionable intelligence, from any device, anywhere. Novidea turns data into insight at the point of need, enabling better-informed decisions and delivering greater customer value through products and services tailored to individual needs.

During 2021, Novidea gained series B funding of $30 million to accelerate product innovation with a growing global team to meet increased customer demand worldwide, including an increased focus on the UK broker market, which is crying out for digitalisation and e-trading to remain competitive and profitable.

Novidea supports more than 100 customers, including agents, brokers, MGAs, and the London Market, managing more than 22 million policies across 20 countries, worldwide.

For more information, please go to: www.novidea.com

 

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For further information contact

Simon Hayes, Managing Director
NextGen Communication
M: +44 (0)777 1516544
E: [email protected]