Novidea’s platform covers all stages of the broker lifecycle, from enquiry and quotation to policy insurance, claims, and settlement. It also includes a self-service portal that gives clients access to key insurance information, including renewals, policies, claims, and analytics, from any device.
Novidea’s platform will enable Gallagher to take full advantage of the Lloyd’s Blueprint Two digital strategy which will help the insurance firm to integrate further into the marketplace.
Commenting on the investment, Nick Williams-Walker, Gallagher specialty division chief operating officer, has said:
“The specialty insurance market needs to provide better technology tools to its clients, so we are very excited to partner with Novidea to implement a platform that will make a real difference. Implementing this platform demonstrates our aim to be at the forefront of digital solutions, providing clients and insurers with market-leading insight and data.”
Roy Agababa, Novidea chief executive, added:
“We are delighted to embark on this digital transformation journey with Gallagher. Many brokers are looking to find a way to transform their business and we are thrilled to partner with such an industry-leading organisation.
“By working together and using our cloud-native data-driven insurance management platform, Gallagher will be able to easily turn data into insights to enable better informed business decisions, as well as benefit from greater efficiencies and deliver an outstanding client experience.”