February 4, 2020
Novidea partners with Xceedance to expand its solutions and capabilities for the insurance broker market
Combining Novidea’s cutting-edge Broker Management Platform with the proven insurance expertise and global presence of Xceedance, will help meet the growing market demand for the platform.
Novidea, the data-driven insurance distribution platform, today announces its new partnership with Xceedance, a global provider of insurance consulting, managed services, technology, data sciences, and blockchain solutions, that will allow Novidea to increase its global reach and services.
Novidea provides a core cloud-based platform, connecting all insurance distributors to a modern, digital and data-driven insurance ecosystem, which leverages the Salesforce Cloud and artificial intelligence (AI). Novidea drives digital transformation for brokers, agents, MGAs and insurers, through powerful data analytics, digital customer engagement and a specialised insurance CRM.
The insurance industry is increasingly understanding the necessity for modernisation and digitization, leading to greater demand for the Novidea Broker Management Platform. By partnering with Xceedance for assistance with platform deployments, Novidea can scale up its operations to meet the growing interest for its products and services.
Salesforce deployment experience by Xceedance means it truly understands the configuration of Novidea’s technology, including the most efficient methods of data migration and system integration. Additionally, the deep and broad expertise of Xceedance — in insurance operations consulting, advanced technology and delivery capabilities — will bring great benefits to insurance organisations across the globe. Jointly, Xceedance and Novidea will focus on enhancing the Broker Management Platform and provide superior customer service.
Alex Zukerman, Chief Revenue Officer of Novidea, comments:
“Our growth vision and approach put strong emphasis on collaboration with leading industry experts to make the onboarding of new customers to the platform as seamless as possible. Xceedance is a leading global player with proven delivery and consulting expertise, and shares many of the same values as Novidea. We’re excited to collaborate with Xceedance to increase our global reach in 2020 and work towards our shared goal of changing the insurance distribution process.”
Justin Davies, Senior Vice President and EMEA Region Head at Xceedance, adds:
“The Novidea solution is an excellent insurance platform that helps manage complex scenarios within distribution; the product is differentiating, well-designed and builds skillfully on the power of the Salesforce platform. At Xceedance, we have deep experience using and configuring Salesforce and will leverage those skills in working with Novidea. The in-house Salesforce skills of Xceedance can help with configuration of Novidea’s solution, and our knowledge of such platforms can ease a range of challenges, such as data migration and integration. Together, we can continue to expand and evolve the insurance ecosystem.”
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Novidea is the global, end-to-end broker management platform designed for insurance distribution. Novidea provides a complete front and back office, cloud-based solution that covers the entire insurance lifecycle, fueling business growth through data monetisation and actionable intelligence. With a real-time view of the full customer journey, Novidea optimises every customer interaction and exposes new opportunities to drive profitability. By revolutionising traditional work patterns, Novidea drives operational efficiencies that address today’s customer demands and insurance industry challenges.
Founded in 2009, Novidea supports agents, brokers, MGAs, and the London Market, servicing more than 14M+ policies in 14 countries. For more information, please visit www.novideasoft.com.
Xceedance is a global provider of strategic consulting and managed services, technology, data sciences, and blockchain to insurance organisations. Domiciled in Bermuda, with offices in the United States, United Kingdom, Germany, Poland, India, and Australia, Xceedance helps insurers launch new products, drive operations, implement intelligent technology and blockchain solutions, deploy advanced analytic capabilities, and achieve business process optimisation. The experienced insurance professionals at Xceedance enable re/insurers, brokers, and program administrators worldwide to enhance policyholder service, enter new markets, boost workflow productivity, and improve profitability. For more information, please visit www.xceedance.com.
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