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June 3, 2020

Novidea partners with Web Connectivity to build messaging hub capability in the London market

Novidea, the leading cloud-based broker management platform provider, today announced its partnership with Web Connectivity Ltd. (WCL) to enhance its London market offering and messaging hub capability in support of its continued expansion.


Building on recent successes, including with expansive broker Specialist Risk Group, and in preparation for further rapid growth in the London market as the cloud-based broker platform of choice, Novidea has selected WCL as its messaging hub provider. WCL will seamlessly integrate Novidea’s clients with their broker platform and Xchanging.

Ben Potts, MD, Novidea said: “As we continue to expand our broker client-base in the London market, with more coming on board in the coming months, we are keen to be seen as the gold standard cloud-based broker platform. A key element of this is to work with best-of-breed solutions that are tried, tested, and proven to work well for brokers and the market.

“WCL has long been recognised as a leading provider of messaging services to the London market, enabling brokers and carriers to effectively and efficiently transform their operations using structured data, spanning the Placement of risks, Accounting and Settlement, and Claims.”

James Willison, MD, WCL said: “It is through collaborations and integrations such as our partnership with Novidea that we can provide a range of interconnected solutions. These integration solutions accelerate implementations in the London market and therefore enable organisations to realise process efficiencies sooner.

“This partnership provides Novidea’s customers with access to our multi-award-winning ACORD messaging Gateway and associated solutions, which are already being used by some of the world’s largest brokers, Lloyd’s Managing Agents, international carriers, and central bureau providers.”

Novidea’s growth has been largely driven by brokers’ urgent need to move from outdated legacy systems to a cloud-based broker management platform. The demand for brokers to be able to work on the move, anywhere, anytime, has been brought into the spotlight during the lockdown.

Novidea’s leading broker management platform, built on Salesforce, provides a cloud-based, datadriven, and client-focused solution for brokers and MGAs seeking to more effectively manage the entire policy and distribution lifecycle across all lines of business.

 

About Novidea 

The Novidea platform provides a complete cloud-based front- and back-office solution, which enables brokers to work seamlessly anywhere, anytime. The platform uses real-time consolidated data to inform better business decisions and optimise client service, turning data into actionable insights to drive sales, including cross-selling, and to grow revenue. With a real-time view of the full client journey, Novidea optimises every interaction and exposes new opportunities to drive profitability. And by revolutionising traditional work patterns, Novidea drives operational efficiencies that address today’s client demands and insurance industry challenges.
Founded in 2009, Novidea supports agents, brokers, MGAs, and the London market, servicing more than 15 million policies with clients in 20 countries.

For more information, please visit: www.novideasoft.com

About Web Connectivity Ltd. (WCL)

A wholly owned subsidiary of Advisen Ltd., WCL is a leading provider of messaging services to the London Insurance Market, enabling firms to effectively and efficiently transform their operations using structured data, spanning the Placement of risks, Accounting and Settlement, and Claims. WCL enables brokers and risk carriers to streamline business processes by automating the secure, electronic transfer of data and documents utilising internationally agreed ACORD data and messaging standards, thereby improving client service, increasing process efficiency, reducing operational costs, and eliminating unallocated cash. Clients include international broking firms and carriers in the Lloyd’s and company market.

Press enquiries

Simon Hayes, Managing Director

NextGen Communication

M: +44 (0)777 1516544

E: simon@nextgencomms.com

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