Novidea - Insurtech Innovation Award 2023

1. REINVENTING
INSURANCE DISTRIBUTION
LIFECYCLE MANAGEMENT
Excellence in Technology – Distribution

2. Replace multiple, fragmented legacy
systems & paper documentation
Operational efficiency & productivity
with automated workflows
Grant access to data & leverage
data insights
Modernisation of infrastructure &
digital transformation of business
Drag and drop configuration tools
provide flexibility and customisation
WHAT WE SOLVE
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3. The most intelligent born-in-the-cloud platform
purpose-built for end-to-end broker and insurance
distribution management.
Leverages the power of Salesforce’s
Big technology.
Modernises and digitalises the entire
insurance distribution lifecycle.
Provides real-time access to all customer
and policy data at the point of need.
Full end-to-end integration across the whole
insurance value chain – on a single platform.
Data-driven platform that turns silos of customer
information into actionable insights.
Line-of-business agnostic from complex specialty
to high-volume retail
Centralised access anytime, anywhere, and
from any device.
INTRODUCING NOVIDEA

4. Workflows | Straight-through processing and automation | Dashboard reporting and analytics |
Manage by exception |Providing a complete view of your customers
FRONT OFFICE MIDDLE OFFICE BACK OFFICE
Improved Customer
Intelligence
Bridging
Front & Back Offices
Policy Management
& Business Optimization
Lead management
Cross sell & upsell
Revenue reporting
KYC checks
Submission / quote preparation
Document creation
Self-service, including Q&B
Submission to trading platforms
Post-bind policy admin
Endorsements & MTAs
Claims management renewals
Financial accounting
Rate engine maintenance
End-to-End Integration & Data Insights

5. TAILOR YOUR SYSTEM
TO GROW YOUR
BUSINESS
Build your own insurance ecosystem
with an open API infrastructure
Rate of
Exchange
Tools
Payment
Interface
General
Ledgers
Sanctions
and KYC
Data
Warehouse
Banking
Interface
Analytics &
Reporting
Document
Management
Insurance
Marketing
Customer
Portal
Insurance
CRM
Integrated
Accounting
London Market
Bureau
Data
Enrichment
Document
Management
Systems

6. HOWDEN GAINS VISIBILITY, EFFICIENCY &
PERFORMANCE ACROSS MULTIPLE COUNTRIES
• Top 20 Global Broker
• End-to End Insurance
Management
• 15 Country Implementation
• Built on Salesforce
“Novidea’s platform enabled us to
streamline policy lifecycle management
and provide unprecedented real-time
visibility and control of every aspect of
our business. It is a holistic solution….
That enables us to compete in an ever-
changing, dynamic
environment and grow our business”
Shai Simkin,
ACII, Managing Director,
Howden IL

7. LEADING BROKERS DEMONSTRATE MEASURABLE RESULTS
BROKERS
MGAs
COVERHOLDERS
LONDON MARKET
P&C Commercial Specialty Retail
Lloyd's London Market Wholesale
Proof Points
+63%
Policy
Sales
+40%
Cross-Sell
+75%
Faster Broker
Onboarding
+30%
Renewals
+60%
Back Office
Efficiency
+24%
Claims
Capacity
+25%
Data
Accuracy

8. • Replaces AJ Gallagher’s
multiple legacy broking
systems
• Supports the future
development, expansion and
success of Gallagher’s
Specialty business
4th largest insurance brokerage
and risk management services
firm in the world
34,000 people
in 130+ countries UK Specialty

9. LEVERAGING SALESFORCE’S
BIG TECHNOLOGY Exceed the expectations
of customers, industry
and employees by
combining great tech
with rich functionality
Move away from just
being functionally
rich to being data
driven and connected
R&D budgets and
established ecosystems
mean that proprietary
solutions cannot compete in
connectivity, security
flexibility & their ability
to be data driven

10. Trusted by the Best.
+110 Customers in 22 Countries
Brokers & Agencies MGAs & MGUs
Carriers
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11. Premium InsurTech.
Powerful Knowledge.
Dedicated Experts.
Scale your business with the only
cloud-native, data-driven insurance
management platform built on Salesforce
Israel
London