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April 26 2023

Paul Richmond – Novidea – Insurtech Insights Europe 2023

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At Insurtech Insights Europe 2023, we were joined in the JobsOhio lounge by Paul Richmond, Product Manager at Novidea. Novidea’s insurance distribution platform is built to digitalise insurance businesses by fuelling rapid growth, optimising customer experience and gleaning real-time insights & actionable intelligence. 

“The first thing would be the end policyholder. So going on to our website, it’s branded for that customer quote and buying journey. Taking that policy documentation and then behind the scenes you’ve then got the actual Novidea client doing the administration of that policy and then you’ve also got the underwriting function that will be set in London.”

“So the Novidea platform will have different components. One will be a flexible, outward-facing product for the customer. Then you’ve kind of got the back-end engine which is for rating, managing your products, managing your questions set. Then you’ve also got the financial element which is kind of like once you’ve processed that policy. We call it the ledger, the financial transactions and managing that and communicating with the underwriters in London.”

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Paul Richmond

Paul Richmond

Novidea

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Novidea | Fintech Finance

Novidea
  1. EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’

    The Fintech Magazine

     Read more
  2. FreedomPay Drives Global Merchant Innovation

    Event Videos

     Read more
  3. FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences

    Fintech

     Read more
  4. Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure

    Funding

     Read more
  5. Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds

    News

     Read more
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