Novidea expansion plans move up a gear with WCL partnership

Novidea, the cloud-based broker management platform, has partnered with Web Connectivity Ltd (WCL), a subsidiary of Advisen, to support its business expansion plans.

The company said that interest in its cloud-based platform has accelerated as more brokers are working remotely a result of COVID-19 lockdowns. Growth in demand had already been stoked by the broader industry shift away from poor performing legacy systems.

Under the partnership, WCL, a provider of messaging services to the London Insurance Market, will help integrate the firm’s clients with the broker platform and Xchanging.

WCL’s services are designed to enable brokers and risk carriers to streamline processes by automating the secure, electronic transfer of data and documents.

Ben Potts, managing director at Novidea, said: “As we continue to expand our broker client-base in the London market, with more coming on board in the coming months, we are keen to be seen as the gold standard cloud-based broker platform. A key element of this is to work with best-of-breed solutions that are tried, tested, and proven to work well for brokers and the market.

“WCL has long been recognised as a leading provider of messaging services to the London market, enabling brokers and carriers to effectively and efficiently transform their operations using structured data, spanning the placement of risks, accounting and settlement, and claims.”

James Willison, managing director at WCL, said: “It is through collaborations and integrations such as our partnership with Novidea that we can provide a range of interconnected solutions. These integration solutions accelerate implementations in the London market and therefore enable organisations to realise process efficiencies sooner.”

The partnership gives Novidea’s customers access to WCL’s ACORD messaging Gateway and associated solutions. Willison said some of the world’s largest brokers, Lloyd’s Managing Agents, international carriers, and central bureau providers are already using these services.