Novidea Wins Technology Innovation Award from PropertyCasualty360

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.