November 09, 2023

Roi Agababa: Novidea, The Platform For The Insurance Distributor

30 minutes

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 digs 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 it 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, primarily focused on data and metadata analysis. When we started Novidea, we looked for an industry that is flooded with data and has data technology requirements and gaps. This is how we came up with the idea to focus on insurance and the insurance distribution market specifically.

We have one platform that can serve multiple geographies, compliance, and regulations, offering insurance companies that operate globally a consistent technology stack rather than a fragmented one.

Novidea is a platform that covers everything in one technology stack. What we offer our customers to increase operational efficiency is automation and business process management across all 3 pillars, all in one streamlined process.

Novidea has implemented layers and protocols to segregate data across 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 management operations servicing more than 10M policies worldwide.

Want to know more. Well, book a meeting with Roi's team

ABOUT THE HOST

Sabine VanderLinden is a corporate strategist turned entrepreneur and the CEO of Alchemy Crew Ventures. She leads venture-client labs that help Fortune 500 companies adopt and scale cutting-edge technologies from global tech ventures. A builder of accelerators, investor, and co-editor of the bestseller The INSURTECH Book, Sabine is known for asking the uncomfortable questions—about AI governance, risk, and trust. On Scouting for Growth, she decodes how real growth happens—where capital, collaboration, and courage meet.

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By Sabine VanderLinden

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