Case Study: Energetic Insurance achieves scalable renewable energy policy administration with Novidea

Energetic Insurance - Customer Case Study

Energetic Insurance, an MGU providing trade credit insurance for the renewable energy sector, faced a significant challenge in policy administration. Their unique, long-term policies with dynamic liability schedules required a highly flexible and robust system of record that traditional insurance agency management vendors could not provide. To support its growth, the company needed a configurable, cloud-based platform and turned to Novidea for a solution.

Novidea implemented its cloud-based agency management system, built on Salesforce, which provided the necessary flexibility, scalability, and cost-effectiveness. The solution gave Energetic complete visibility across the policy lifecycle and streamlined its administration processes. This allowed the MGU to focus on expansion, leading to a successful $7 million funding round and growth from covering 160 sites across 13 states to preparing for international projects. The Novidea platform became the essential backbone of their business.

Energetic Insurance

Jeff McAulay

Co-founder & COO