TLDR:
Novidea has enhanced its insurance management platform with new features across policy management, claims administration, billing, accounting, document, and file management. These improvements aim to streamline processes for insurance professionals and drive efficiency and productivity.
Novidea, a cloud-based enterprise insurance management solutions provider, introduced significant enhancements to its pioneering insurance management platform. The latest version of the platform includes features that improve policy management, claims administration, billing, accounting, and document management. These enhancements address various pain points faced by insurance professionals, ultimately streamlining critical processes for improved efficiency and productivity.
In policy management, the new features include vertical placement and bordereau file ingestion automation, simplifying policy creation and management. Streamlined claims management allows brokers to efficiently link claims related to the same incident or with common attributes. The update also brings improvements in insurance business accounting, line-of-business management, and document and filing management.
Erez Nissim, CTO of Novidea, emphasized the company’s commitment to innovation and improved customer experience, stating that the data-driven insurance management platform will continue to provide technology and tools for managing complex transactions, driving efficiencies, and fueling business growth.
