Is your legacy insurance
management platform slowing
In this crowded and complex market, efficiency is key. To differentiate your offering and grow your portfolio, you need more than siloed, outdated systems. You need more than a basic ‘contact us’ approach. You need to streamline your underwriting process and get your innovative products to market faster. You need automated systems that are smarter, easier to use, and that integrate every aspect of your business. You need full self-service for your customers, including quote and bind and policy issuance. You need a data-first, cloud-native MGA software solution that leverages the power of Salesforce’s Big Technology. You need Novidea.
Your winning software solution
Some legacy software solutions can handle some aspects of MGA business, but none of them can handle it all, like account and contact management, or an insurance accounting module. This forces businesses to work with multiple suppliers, grappling with constant system integration issues and ballooning costs. We built Novidea to streamline all that and more.
Manage every aspect
of your business in one place
With Novidea, you get a single solution that integrates everything from quote and bind, policy issuance, and premium processing to claims and financial accounting, as well as a built-in and flexible customer portal. This empowers you to work seamlessly with your customers and in-house team with a single, live, shared source of data and streamlined workflows, document generation and management information, including Lloyd’s standard 5.2 Bordereau reporting.
Streamline Your Front,
Middle, and Back Office
This gives your team and your customers a seamless digital experience, with easy access to valuable data insights across every phase of the insurance supply chain. You can also optimise your process workflows to run across all business departments, from broking assistance through to claims and accounts.
Insights on the Move
Novidea is truly cloud-native, allowing you and your team to securely access customer data from anywhere on any device. All back-office functions are fully integrated with advanced analytics and reporting tools that enable you to assess the health of your business. This gives you actionable, data-driven insights that help you to focus your efforts on the most profitable business and drive efficiency and growth across your entire operation.
Next-Level Rules and Rating
Novidea also streamlines the quote and bind process with a powerful rules and rating engine. Built to save you time and money, this engine calculates premiums and assesses risk, generates comparison quotes, and provides all necessary document management, workflows, and underwriting functionalities.
Self-service customer portals built in
Launch products directly to end-consumers using our robust, self-service portals built on the Salesforce Community Cloud. They’re seamlessly integrated, they’re simple to set up and use and they benefit from automatic compliance updates and access rights.
Grow without growing pains with open API infrastructure
Our platform makes it easy to add new lines of business with none of the excessive costs or operational disruptions of legacy systems. Our open API architecture powers the seamless integration of multiple insurance products, as well as premium processing and claims handling. This means you can work more collaboratively and efficiently with brokers and capacity providers now and in the future.