Say goodbye to siloed policy management
Complete straight-through processing allows you to place risks seamlessly at the touch of a button. You can manage a full to end-to-end process, placing a risk across multiple markets, handling fees, premiums terms, cover levels, and declination reasons. Once a policy is live, endorsements, changes, and renewals are handled in the same low-touch way.
When it comes to rating, Novidea is in a class of its own. Whether you use our built-in rating and rules engine to deliver prices from your panel or whether you want to place a proportion of a complex risk with the MGAs and binders you have, we can do this automatically. We even integrate directly with carrier platforms and best-in-class pricing solutions from market and broker trading platforms.
For carriers, Novidea’s quote-and-bind functionality using the inbuilt rating and rules engine provides a comprehensive solution allowing customers to manage and maintain their rates and terms.
Novidea also passes all information to the back office without any re-keying whatsoever.
- Lead management
- Cross sell & upsell
- Revenue reporting
- KYC checks
Front & Back Offices
- Submission / quote preparation
- Document creation
- Self-service, including Q&B
- Submission to trading platforms
Policy Management &
- Post-bind policy admin
- Endorsements & MTAs
- Claims management renewals
- Financial accounting
- Rate engine maintenance
360˚ View Of Your Insurance Portfolio
- In-built reporting tool
- Drill-down dashboards
- Automated customer intelligence insights