What is NOVUS?
NOVUS is an end-to-end insurance management system specifically designed for the intermediary insurance market. Fully hosted in the Morning Data cloud, NOVUS provides an all-in-one insurance system to securely hold and process insurance data.
Who should use NOVUS?
Designed for use by the intermediary market, NOVUS provides an insurance software platform to MGAs (managing general agents), brokers and coverholders.
The NOVUS insurance solution is primarily used for the commercial insurance market with a particular focus on the specialist needs of the Lloyd’s of London and London company markets. While NOVUS has the specialist features of the London market, NOVUS as an insurance platform is supporting organisations globally in a host of markets and operation types.
Which markets can NOVUS support?
- Lloyd’s of London
- General commercial insurance operations
- Delegated Authority
What makes NOVUS stand out from other insurance management systems?
The NOVUS insurance platform is built upon a full ledger to ensure that the movement of financial data is kept as the number one priority to keep organisations compliant with regulatory requirements. Very few insurance systems are able to provide a full ledger as standard.
How can NOVUS support me?
NOVUS's system and governance controls provide platform administratos with the tools to restrict user access based on authority, in additon to providing a full audit trail.
Broking software. MGA software. Coverholder software.