Novidea

What is Novidea?

Novidea is a cloud insurance distribution platform built on Salesforce for brokers, MGAs, coverholders and London Market firms. It spans front, middle and back office, from quoting and cross-selling to accounting and claims.

Key features of Novidea

• Quoting and cross-sell: front-office tools for sales and renewals.
• Policy and client management: middle-office workflows for brokers and MGAs.
• Accounting and claims: back-office functions.
• Document generation and portals: customer-facing documents and portals.
• Workflow automation and analytics: customizable workflows across entities, lines of business and countries.
• Open API framework: extends the platform.

How Novidea works

Novidea runs on Salesforce, so firms configure workflows and data models on that platform and add Novidea's insurance applications. The vendor says it helps manage tens of millions of policies across 23 countries.

Who uses Novidea?

The vendor shows brokers and MGAs such as Hiscox, Howden, Marsh, WTW and Gallagher among its logos, and serves London Market and coverholder firms.

Novidea pricing

Novidea does not publish pricing; plans are quoted by the vendor.

Novidea integrations

The platform is built on Salesforce and listed on Salesforce AppExchange, with an open API framework. The vendor site names no other specific integrations.

Novidea alternatives

AgentSync handles insurance producer licensing and compliance rather than full distribution. Bold Penguin provides commercial insurance quoting and submission exchange. Radiusbob is a broker management system aimed at the UK market.