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SOFTWARE (NON-INTERNET/MOBILE) | Business Intelligence, Analytics & Performance Mgmt Software
novideasoft.com

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Founded Year

2009

Stage

Series B - II | Alive

Total Raised

$30M

Last Raised

$15M | 4 mos ago

About Novidea

Novidea is a data-driven platform provider for the insurance industry. Novidea's end-to-end platform provides real-time business intelligence and seamless workflow management for brokers, agents, MGAs, bancassurance and corporate risk management.

Novidea Headquarter Location

4 Arie Regev St.

Netanya, 4205212,

Israel

+972 (0)74 703 8300

Latest Novidea News

ACORD partners with cloud-based insurance platform Novidea

Aug 11, 2021

ACORD partners with cloud-based insurance platform Novidea Novidea, a provider of a cloud-based insurance distribution platform, has joined the ACORD Solutions Group ‘Licensed Integrator Partner’ program. The partnership will enable Novidea to work more closely with the ACORD community and insurance ecosystem to share insights and engage with other participants, including other technology providers and incumbent businesses. ACORD Solutions Group (ASG) is the industry-owned solutions arm of ACORD, the standards-setting body for the global insurance industry. Being part of ASG’s ‘Licensed Integrator Partner’ program gives Novidea a relationship with ACORD as it evolves its own data model and maintains compatibility with the ACORD Standards. “At Novidea, we believe that common data standards are going be key to the success of future digital transformation in the market,” said Ben Potts, MD of Novidea. “As we grow in the UK, and worldwide, we feel it is vital to be at the heart of market innovation. Working with ACORD and other industry leaders will enable Novidea to help shape the future of the market. “Our aim is for Novidea’s platform to be agnostic to various data transfer methods, placing platforms or whatever else may come over the next 2 – 5 years and this partnership will be invaluable as Novidea continues to build its own network of integrations and partners in an expanding ‘ecosystem’ designed to put customers right at the centre of that innovation.” Chris Newman, ACORD’s Managing Director – Global, also commented: “We are delighted to partner with Novidea in accelerating the market’s long-overdue digital transformation. Their expertise and insights will be invaluable as we work together to leverage the efficiencies of standardised data exchange for the benefit of the whole market and its customers.”

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Expert Collections containing Novidea

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Novidea is included in 2 Expert Collections, including Fintech.

F

Fintech

10,750 items

Excludes US-based companies

I

InsurTech

1,630 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

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