Reinsurance News
Novidea
Novidea raises additional $30m from HarbourVest Partners
9th April 2024
Global insurtech Novidea has raised an additional $30 million from HarbourVest Partners, bringing its total Series C round to $80 million, joining existing investors Battery Ventures, Cross Creek, Israel Growth Partners (IGP), KT Squared, and JAL Ventures. Throughout the past few years, the insurtech has witnessed major growth, selling to insurance ... Read the full article
Jeff Heine joins Novidea as Chief Revenue Officer
5th April 2024
Insurtech Novidea is further strengthening its global leadership team with the appointment of Betterview and Groundspeed Analytics executive Jeff Heine as Chief Revenue Officer (CRO). In his new role, Heine will be in charge of driving global revenue and further aligning Novidea’s sales, marketing, and other revenue-focused functions to achieve the ... Read the full article
PPL looks to accelerate API adoption with new programme
29th February 2024
Placing Platform Limited (PPL), an electronic trading platform for the London re/insurance market, has launched a broker Early Adoption Programme (EAP), which has a focus on the operationalisation of the platform's API capabilities and reflects the acceleration of market interest in APIs. Currently, PPL is working with eight firms to collaborate on ... Read the full article
Accelerated digital transformation in insurance industry: Novidea
25th January 2024
In a global report commissioned by Novidea, the digital transformation of the insurance industry takes center stage, revealing that 75% of insurance organisations worldwide are set to replace their core insurance management platforms by 2025. However, London Market brokers are accelerating their upgrade timeline to 2024, driven by the imminent arrival ... Read the full article
Novidea launches insurance management platform in Southeast Asia
8th December 2023
Global insurtech Novidea has announced the launch of its insurance management platform in Southeast Asia to meet escalating demand for digital transformation in the region. With its open API architecture, Novidea enables brokers, agents, MGAs/MGUs, and carriers to modernise and manage the customer journey end-to-end and drive growth across the entire ... Read the full article
QBE Canada selects Novidea’s insurance platform to drive growth
25th October 2023
QBE Canada has selected Novidea’s born-in-the-cloud insurance management platform to expand and grow its business across multiple product lines. QBE Canada, part of the QBE Group is based in Toronto and Vancouver. Canada is a significantly important market for growth for QBE. By adapting the Novidea platform, this will enable the company to scale ... Read the full article
Novidea hires industry veteran, Duncan Baker as Reinsurance Product Manager
14th August 2023
Duncan Baker has joined global insurtech Novidea as Reinsurance Product Manager. He joins the firm after spending a six year period working as a contract business analyst, architect and change consultant specialising within the insurance sector. Throughout his career across the industry, Baker has worked for a number of major firms. Between January ... Read the full article
Novidea hires Matt Richards as Head of UK Delivery
16th November 2022
Global insurTech Novidea, has appointed Matt Richards as its new Head of UK Delivery. Within this role, Richards will have overall responsibility for UK customer deliveries to ensure that Novidea consistently meets its customer requirements, as well as its own high standards for excellence in service and delivery for its insurance ... Read the full article
Gallagher & Novidea to launch digital platform for specialty clients
1st September 2022
Broker Gallagher has partnered with global insurtech Novidea, to implement and tailor its insurance broking platform for its specialty client base. The platform will be extremely pioneering within the market, as it will revolutionise client service, and also cover every stage of the broking lifecycle, from enquiry and quotation to policy ... Read the full article
Beazley’s Adam Glasby joins Novidea as Programme Manager
26th May 2022
Global insurtech and provider of a cloud-based insurance distribution platform, Novidea, has named Adam Glasby as one of its new Programme Managers. Glasby, who started his career as a software developer for Reuters Information Systems, brings 20 years of London Market experience towards his new role. Most recently he served at Lloyd’s ... Read the full article
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