Insurtech provider Novidea has announced that it achieved several significant growth milestones in 2022. In particular, the company reported 90% year-over-year business growth, winning deals with customers from leading brokers, MGAs and insurance agencies.
Novidea’s momentum indicates an increased demand for cloud-native services that help insurance agencies, MGAs and brokers digitally transform their businesses, Novidea said.
“We continue to see global insurance agents, brokers, MGAs, and MGUs accelerate their digital transformations to serve their policyholders better, navigate market disruptions, and empower their people,” said Roi Agababa, CEO of Novidea. “The ability to access real-time data is the key to transformation for these organisations – financial, operational, and customer data. The Novidea platform brings all these data sources together in one place, giving our customers a single source of truth from which they can gain a deeper understanding of their business. In the coming years, Novidea is looking forward to providing even more value to our customers as they continue to transform their organisations.”
Other 2022 milestones for the company included:
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