Novidea partners with ACORD Solutions Group to help shape the future of the insurance market


Novidea, the global provider of the ‘born-in-the-cloud’ insurance platform that  enables brokers, agents, and MGAs to manage and drive growth across the entire distribution lifecycle,  today announced it hasjoined the ACORD Solutions Group ‘Licensed Integrator Partner’ program. 

The partnership will enable Novidea, with its increasing global presence in the market, to work more closely  with the ACORD community and the rest of the insurance ecosystem to share insights and engage with  other leading market participants, including other technology providers and incumbent businesses. 

ACORD Solutions Group (ASG) is the industry-owned solutions arm of ACORD, the standards-setting  body for the global insurance industry. 

Being part of ASG’s ‘Licensed Integrator Partner’ program also means that Novidea can learn first hand where ASG and its vendor community are trying to make changes in the market and be a part  of the design and the solution. Further, it gives Novidea a relationship with ACORD as it evolves its own data model and what this means in terms of compatibility with the ACORD Standards. 

Ben Potts, MD of Novidea said: “At Novidea, we believe that common data standards are going be key to  the success of future digital transformation in the market. As we grow in the UK, and worldwide, we feel it  is vital to be at the heart of market innovation. Working with ACORD and other industry leaders will  enable Novidea to help shape the future of the market

“Our aim is for Novidea’s platform to be agnostic to various data transfer methods, placing platforms or  whatever else may come over the next 2 – 5 years and this partnership will be invaluable as Novidea  continues to build its own network of integrations and partners in an expanding ‘ecosystem’ designed  to put customers right at the centre of that innovation.” 

“We are delighted to partner with Novidea in accelerating the market’slong-overdue digital  transformation,” said Chris Newman, ACORD’s Managing Director – Global. ”Their expertise and insights will  be invaluable as we work together to leverage the efficiencies of standardised data exchange for the benefit  of the whole market and its customers.” 

Novidea’s growth has been largely driven by brokers’ urgent need to move from outdated legacy systems  to a cloud-based broker management platform. The demand for brokers to be able to work on the move,  anywhere, anytime, has been brought into the spotlight during the lockdown. 

Novidea’s leading broker management platform, built on Salesforce, provides a cloud-based, data-driven,  and client-focused solution for brokers and MGAs seeking to more effectively manage the entire policy and  distribution lifecycle across all lines of business. 

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