Software For Insurance Brokers

Novidea for Brokers

Data-driven Broker Management System

An insurance industry first. A global multi-carrier and back to front brokerage management system for all lines of insurance.

Novidea for Agents

Holistic Agency Management System

Unified cloud based solution that consolidates Policies, Financials, Sales, Renewals, Customers and Claims Management.

Novidea for Corporate Risk Management

Corporate Insurance Portfolio Management

Next generation platform built specifically for Corporate Insurance Risk Management, offering an accurate and easy approach to risk management and control.

Novidea Insight

Insurance Prospect Management

A modular, cloud-based platform for boosting insurance policy sales by employing advanced Customer Intelligence and Insurance Portfolio analysis.

Novidea Per-Form

The Digital and Paperless Office

An innovative approach to fully digitalize paperwork, enabling organizations globally to eliminate the manual processing of forms and improve productivity.

Sales Oriented Back to Front Architecture

Novidea's insurance broker management platform provides a unified view and access to all the information processed by brokers working outside the office and by back office personnel. Multichannel access from anywhere using any device, along with a built-in knowledge collaboration model, improve the efficiency and synergy of teams in real-time. Novidea's easy-to-use interface ensures high adoption rates and user satisfaction.

End-to-End Policy Management and Multi-Carrier Support

The Novidea platform is a cloud-based broker management platform that manages the complete lifecycle of the policy from quote to issuance, endorsement management, claims and automated renewals. Supporting all insurance lines as well as insurance models including wholesale, retail and reinsurance, Novidea offers a best of breed approach for data integration and working with multiple insurance carriers.

Insurance Portfolio Profitability Analysis

Introducing a breakthrough in monitoring and analysing the profitability of insured customers, affiliated brokers and auxiliaries. Via the in-depth analysis and quantification of time, resources and effort invested in the insurance portfolio relative to the actual revenue it generates, BrokerEdge provides an innovative and accurate way to boost profitability from your current insurance portfolio.

Insurance Accounting

BrokerEdge provide a complete solution to insurance accounting including: billing collection, commission agreements, settlements, reconciliation, direct bank transactions, endorsement management, layered programs, integration with 3rd party accounting systems and budget planning and management by broker / office / line of insurance. An advanced dynamic BI module including hundreds of reports and dashboards provides the accuracy and in-depth analysis required in real-time.

The Digital Archive

BrokerEdge delivers a best in class digital archive of all customer and carrier interactions including emails, forms, service requests and calls. Hybrid architecture enables the storing of information either locally or in the cloud. BrokerEdge offers an electronic and biometric signature module that enables capturing customers’ signatures without the need for paperwork.

Borderless Market

Offering multilingual, multicurrency support along with a generic data model, BrokerEdge enables global brokers to deploy a single management system across multiple territories creating a breakthrough in synergy and effectiveness of multinational brokers, thereby providing headquarters in real-time with valuable information and essential managerial capabilities in a global environment.

Consolidated Desktop

A unified view of all the information required by agents and back office personnel. Ranging from dashboards analysing how my goals are being met, to lists of specific tasks that require attention, the Consolidated desktop offers the holistic solution for day-to-day challenges.

Application to Policy Lifecycle Management

AgentWise manages the complete lifecycle of the policy from quote to issuance and supports all lines of insurance including P&C, Life, Health and Long Term Savings. AgentWise provides a wide range of Agency automations and feature sets including a comparative product catalogue, insurance application workflow, policy registration, endorsement management, automated renewals process and more.

Customer Intelligence

AgentWise’s best of breed approach to analysing, maintaining and extending customers’ insurance portfolios enables agencies to manage individual insured persons, households and commercial accounts more effectively, provide excellent service, and maximise each customer’s business with the Agency.

Insurance Planning and Sales Wizard

AgentWise assesses the personal, financial and insurance related condition of the individual or of the household, embedding comparative simulators for best insurance planning. Conducting the sales meeting based on the client's information and profile leads to improved results and a higher policy sales-closings-to-introductions ratio.

The Paperless Agency

AgentWise fully automates the populating of multiple insurance related PDF and Word forms. It enables users to apply existing data in the system to the correct fields of either the forms of the insurance carrier or the agency’s own forms. It saves precious time previously spent on the manual filling out of forms, as well as reducing errors and paperwork.

Claims Management

AgentWise offers a robust Claims Lifecycle Management module that integrates information from the policy and customer records, providing quick access to event information, financials and reimbursements, related documents and more. Designated workflows, predefined reports and built-in dashboards enable efficient processing of claims, complying with regulatory SLAs and offering an excellent customer experience.

Global Insurance Programs

A unified solution for corporates to register, administer and renew local and global insurance programs. Portfolio Manager streamlines and expedites the corporate core insurance processes by managing the complete lifecycle of its insurance policies, managing third parties such as brokers, insurers and lawyers and identifying gaps in insurance coverages while monitoring insurance premiums and other payments.

Layering and Multi-Carrier Support

Portfolio Manager consolidates and manages the complete lifecycle of the corporate’s insurance policies. A comprehensive yet flexible data model offers support for all types of policies including layered policies that involve a series of insurers writing coverage. Its event driven endorsements management and automated renewals features streamline the administration of complex insurance policies. With its Policy Rescale Model, Portfolio Manager identifies cases of over insurance and automatically applies optimization steps, thereby saving the organization significant costs on premiums.

Logging and Auditing

A comprehensive Logging and Auditing module provides essential insight into an array of important information regarding changes in Policies, Claims, Payments and more. Different levels of auditing including Record Level and Field Level Auditing increase accountability and contribute to compliance with regulatory requirements.

Greater Visibility

Portfolio Manager includes a powerful archive that offers filing and searching of information based on metadata that is tailor madeto match corporate requirements. With a robust category search engine, built-in integration with office applications, automations that streamline information management and fast access from anywhere and any device, all of your information is only one click away.

Insurance Events and Claims Management

An innovative approach to manage insurance events that are associated with multiple insurance policies, including registrations via industry specific templates, document management, coverage disputes and a holistic solution to manage associated claims. Introducing an industry first optimization module for claims related decisions that is based on policy layers analysis, liability limits, deductibles and effect on premiums, Portfolio Manager offers corporates a remarkable ROI.

Approval Processes, Workflows and Notifications

With Best-in-Class automations and controls Portfolio Manager ensures that nothing go unnoticed. From policy registration to renewals, payments and claims, Portfolio Manager provides a comprehensive set of built-in notifications and workflows that expedite daily risk management tasks. Role based Approval Processes based on corporate hierarchies offer error proof processes by applying superior standardization and control.

Sales Oriented

Leading Insurance specific, end-to-end solution for planning and executing sales of all insurance lines including P&C, Life, Health and Long Term Savings. Empowered with full visibility into renewals, new policy sales and insurance cross sales, Novidea Insight provides brokers and agents with a robust toolbox to exceed their goals.

Increasing Efficiency, Boosting Profitability

Insight automatically tracks the actual time spent by staff working on applications, policies and all related records. This, alongside an integrated expenses management module provides management with visibility of employee performance and customer profitability.

Channel Management

A centralized view of all relevant activities taking place through direct and non-direct channels, including co-brokers or affiliated agencies, telemarketing and self-service channels. Its unified view offers a wide variety of information by channel, such as applications in process, policy conversion rates, expected premiums and commissions and overall budget analysis.

Seamless Experience

Insight streamlines the quote to application lifecycle for both personal and commercial lines. With advanced capabilities such as managing sales of multiple insurance products via a single transaction, multi-carrier access and proposals comparison, confirmation of coverage workflows and renewal automations, Insight offers a seamless customer experience.

Measures what matters

Insight provides hundreds of industry specific reports and dashboards. A dynamic Business Intelligence model offers the ability to drill down on a report, customize it by business user and the easy building of additional reports. Via its Real-time BI and Smart Scorecard and prioritization method, Insight detects items that require attention and allows management to take proactive measures promptly in order to successfully complete the policy sales and renewals process.

Continues Portfolio Growth

Via Smart Targeting of customers based on their existing insurance coverage, liability limits, policy expiration dates, premiums and more, Insight provides the best of breed approach to enlarging customers’ insurance portfolios and value to your organization. A built in knowledge collaboration model improves the efficiency and synergy of teams in real-time to drive this growth.

Paperless and Greener organizations

PerForm replaces the traditional method of working with forms. By populating the data directly to electronic PDF forms or Word documents, PerForm significantly reduces the need to work with printed forms. Using PerForm and e-forms helps you save storage space, simplify documentation and information sharing, boost productivity and minimize environmental damage.

Fill multiple forms using a single data source

PerForm replaces the time-consuming and repetitive task of filling out forms with a cost-cutting single-entry process. Using PerForm's multiple selection feature you can easily fill out multiple forms with different layouts and content using the same data source retrieved from Salesforce. This useful feature serves a wide range of business scenarios including multiple customer plans enrollment and bidding for quotes processes.

Flexible approach to support all of your form filling requirements

PerForm is provided with a variety of ready to use components that can support any specific requirement related to the automatic populating of your forms. In the real world data is rarely assigned to your forms in exactly the same way that it is stored in your back office systems. Therefore, PerForm provides ready to use components to support those cases where you need the data populated in formats that support any form’s specifications

Straight-through processing

PerForm includes a variety of capabilities designed to simplify and expedite the forms filling process. For example, with PerForm’s tables support an entire table with multiple rows and columns can be created in the target form using a single definition. . This feature and many others will have you up and running with PerForm in no time at all.

Electronic and Biometric signature

PerForm offers an electronic and biometric signature module. The graphic signature is captured and added to designated locations in the target form. By eliminating the manual processing of forms, PerForm significantly reduces the operational time required to process customer requests. This in turn improves customer service, increases overall customer satisfaction and secures more new business.

Simple to use

PerForm is fully wizard based, which means that no programming is involved on the customer side in any of the tasks related to our product. With no need for technical knowhow, this application is suitable for the end user due to its simplified mapping procedures and data populating wizards.

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