Why Novus?
Designed for use by the intermediary market, Novus provides an insurance software platform to MGAs, brokers and coverholders. The Novus solution is focused on the specialist needs of the Lloyd’s of London and London company markets.
Single source of the truth
Novus is the one-stop-shop for all risk data, eliminating the need to collect data in multiple systems.
High quality reporting
The deep risk data that Novus holds allows for complex reporting to be run.
Governance and control
Manage and restrict user access to Novus programs.
Cloud hosted
Access Novus from anywhere in the world thanks to cloud hosting.
Integration capabilities
Reduce data entry and processing with the addition of integrations to Novus.
Efficient processing
Using structured data to reduce the probability of mistake, speed up the processing of risk data.
Benefits to you
Scalable solution
Novus grows as your business grows.
Cost effective
Costs are reduced for out of the box implementations.
Class agnostic
There’s no need to hard-code classes, Novus allows users to set up their own products and class of business.
Which markets can Novus support?
Novus is a unique system which caters for a wide range of companies throughout the insurance industry. These companies include:
- Lloyd’s of London
- IUA
- Specialty
- Reinsurance
- Takaful
- General commercial insurance operations
- Delegated Authority
