News Category: In the News

InsurTech Digital delves into the mind of Novidea’s Chief Technology Officer, Erez Nissim, tracing his career and life inspirations

An industry cloud platform is a collection of cloud-based or cloud-native solutions designed for a specific industry. Industry clouds differ from the broader, general-purpose cloud platforms like Amazon Web Services (AWS) or Microsoft Azure because they offer solutions, features, and capabilities that are customized to match the specific needs of industries such as healthcare, finance, logistics, retail, energy, agriculture and others [First published by Digital Insurance]

Novidea has launched a platform designed to help brokerages deal with the digital revolution started by Lloyds’ implementation of the Core Data Record (CDR). 

Novidea, a cloud-based insurance platform, has announced Erez Nissim as its chief technology officer. Nissim, who most recently was EVP at Playtika, will lead research and development as well as product development.

Insurers are finding themselves on the cusp of an innovative overhaul, specifically with regard to the claims journey – a process historically plagued by complex systems and lack of transparency, but now being redefined by advancing technology and evolving customer expectations

Insurtech Novidea said it will use the Series C funding to further develop its insurance platform as digital transformation continues to be an “urgent pain point” for insurers.

Israeli insurtech Novidea just raised US$50 million in investment capital and is scaling fast. CEO and Founder, Roi Agababa tells us more