Roi Agababa: Novidea, The Platform For The Insurance Distributor

On this episode of the Scouting For Growth podcast, Sabine VdL talks to Roi Agababa, CEO of Novidea. From brokers and agents to MGAs and corporate risk management operations. Novidea is setting new standards in how insurance professionals leverage technology for growth, efficiency, and compliance.

On this episode the pair dig deep into the workings of Novidea's platform to look at how it navigates the maze of challenges that insurance professionals encounter daily, what role does plays in enhancing the distribution journey and the customer experience, and how it adapts to various levels of digital readiness while ensuring data security and compliance.

KEY TAKEAWAYS

• I started my path in technology in software development, mostly around data and metadata analysis. When we started Novidea we looked for an industry which is flooded with data and has data technology requirements and gap. This is how we came up with the idea to focus on insurance and insurance distribution market specifically.
• We have one platform that can serve multiple geographies, compliance and regulations to offer insurance companies that operate globally one consistent technology stack rather than a fragmented one.
• Novidea is a platform that covers everything in one technology stack. What we offer to our customers to increase operational efficiencies is around automation and business process management across all 3 pillars in one streamlined process.
• There are layers and protocols that Novidea has implemented for data segregation between multiple legal entities that use the platform. We have all the governance and controls in place to safeguard that information.

BEST MOMENTS
‘We have a data driven approach: Everything in our platform allows us to measure and improve, we offer our customers the ability, in real time, to get a hold of and understand the data and transforming that into knowledge.’
‘Our platform is futureproof; it’s updated and upgraded continuously.’
‘No longer do you have to go to a data warehouse to get an understanding of what’s happening and the trends, you’re getting access to information in real time so you’re making better and more educated decisions.’
‘We see Novidea as the core platform to manage the entire insurance journey, from the prospect all the way to the renewal and all the financial transactions.’

ABOUT THE GUEST
Insurance technology entrepreneur Roi Agababa is the founder and CEO of Novidea, a provider of data-driven and SaaS technologies and best practices to insurance distribution professionals and their customers. The company serves global brokerages, agencies, bancassurance and corporate risk managment operations servicing more than 10M policies worldwide.

• Roi Agababa: https://www.linkedin.com/in/roi-agababa-28900712/
• Novidea: https://novidea.com/
• Get in touch with the team: https://novidea.com/book-a-meeting/

ABOUT THE HOST

There are over 140,000 FinTech ventures out there, including FinTechs, InsurTechs, HealthTechs, and WealthTechs. And the number keeps on changing every month. One statistic remains the same: 25% of these ventures have received investment and support from the financing world. 75% of these businesses still seek financing support from institutional and corporate investors alongside value-creating commercial collaboration opportunities with Global Fortune 500. 

Through this podcast series, I would like to demystify the world of corporate venturing, including how corporations collaborate with growth ventures, how venture capitalists and corporate venture capitalists make investment and collaboration choices in ventures and give tech founders and entrepreneurs, the strategies, tactics, tools, and techniques to build, grow and scale their business by understanding how those with financing power think. So, listen in, share and comment as you see fit.

Twitter: SabineVdL
LinkedIn: Sabine VanderLinden
Instagram: sabinevdLofficial
Facebook: SabineVdLOfficial
TikTok: sabinevdlofficial
Email: [email protected]
Website: www.sabinevdl.com