Tue, Oct 15 2024
Novidea is the developer of an innovative cloud-based, data-driven enterprise insurance management platform. Atlantic Global Risk is a forward-thinking specialty insurance broker that specializes in creating difficult insurance solutions for legal, tax, and credit risks. The two companies have announced their partnership.
The choice made by Atlantic Global Risk to switch from three different apps to Novidea's comprehensive Insurance Management Platform is what makes this cooperation so special. By removing data silos, which have long impeded productivity, Atlantic's employees will have a single, streamlined access to vital information and procedures.
Prior to this collaboration, Atlantic Global Risk was juggling a number of applications for various operational requirements, such as an agency management application for invoices and customer records, an enterprise cloud platform for managing associates, policies, and documentation, and a CRM for sales leads. The problem was that these apps weren't made with the insurance sector in mind, which resulted in inefficiencies and departmental data fragmentation.
Novidea, on the other hand, provides brokers, agencies, wholesalers, and MGAs with an intelligent, data-driven, cloud-native platform. From lead generation to claims processing, its award-winning technology promotes efficiency across the insurance policy distribution lifecycle. Because it offers a comprehensive picture of consumer and operational data and effortlessly integrates front, middle, and back office activities, it helps businesses like Atlantic scale their operations.
The organization can now manage client connections and data with previously unheard-of granularity thanks to Novidea's platform, which improves reporting and overall effect. Dismantling information silos has given Atlantic's staff better visibility and access to high-quality data, enabling them to optimize workflows and improve client service standards.
Managing Director of Novidea's Americas, Eric Ayala (pictured), emphasized the industry's general tendency toward integrated technological solutions. He pointed out that the usage of various technology solutions by insurance companies often results in data silos and impairs decision-making. The decision made by Atlantic Global Risk to choose Novidea highlights a common dedication to increasing productivity and providing outstanding customer service.
Novidea will further illustrate the platform's worth to the insurance business by showcasing its features and advantages at upcoming WSIA and Target Markets insurance industry events.
"As one of the fastest growing specialty brokers in the US, our staff's deep knowledge and expertise is our differentiator," stated David Haigh, Founding Partner of Atlantic Global Risk. Nevertheless, our specialists were unable to provide our clients with data-driven advise and offer more value because of disjointed applications that were not created with insurance in mind and ineffective, repetitive procedures based on inconsistent data. We at last have the technology we need to expand, grow, and manage a single central repository for all vital information workflows thanks to Novidea.
"Our research shows that insurance organizations are juggling an average of five different technology solutions that power various aspects of their business," stated Eric Ayala, Managing Director of Novidea Americas. They are unable to make better business judgments as a result of the data silos created by this method. This is why, according to 75% of these companies, they will update their insurance management technology by 2025.
"We take great pride in being Atlantic's go-to insurance management platform as they continue to optimize operations and provide an exceptional customer experience."
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