Business
Novus Expands Insurance Footprint, Automates Web Portal
Novus Expands Insurance Footprint, Automates Web Portal.
About this update from Novus Acquisition & Development Corp.
[{"type":"text","content":"\n \n \n Novus Expands Insurance Footprint, Automates Web Portal\n \n \nNovus Expands Insurance Footprint, Automates Web Portal\n \n MIAMI, FL--(Marketwired - Mar 8, 2016) - Novus Acquisition & Development Corp. (OTC PINK: NDEV), through its subsidiary Novus Medical Group, Inc. (Novus), is pleased to announce today it has upgraded its insurance web portal under the insurance umbrella of WCIG Insurance Services, Inc. (WCIG), a California insurance company, license number 0K41569.\n Management is constantly assessing the improvement of Novus' business model; our goal is to diversify from a single oriented line of business, medical marijuana medical plans, to multiple insurance lines of business and revenue streams. As we witness the maturing of the medial cannabis industry, being an insurance company opens up numerous revenue segments that will create more wholesale and/or carrier channels of profitability within the lines of business of health, life, accident, annuity/variable contracts, commercial vehicle, medical marijuana, and commercial liability. \n After our acquisition of WCIG Insurance, we devoted the last quarter of 2015 to the revision and the roll out of an automated insurance web portal http://getnovusnow.com. This new portal design will make Novus the online one-stop insurance entity, giving consumers instant and automated access to a range of insurance solutions, tailored specifically to their insurance profile. \n To meet consumer demand Novus' portal has established a footprint in the institutional insurance business where Novus has designed to generate up to 40 insurance lines of business, automation of API gateways tied to 24 of the nation's largest insurance carriers, to take advantage of any revenue opportunity.\n Novus' Chairman Frank Labrozzi states, \"We have squeezed out the inefficiencies with automation, shareholders can be assured that Novus, a pioneer of MMJ medical plans and other insurance programs, will no longer be one dimensional. In our strategic assessment, we found that internationally there has been a significant increase in the amount of insurance contracts concluded via the internet. Seventy-two percent of consumers use the internet as their primary source of insurance information and procurement. Management concluded that very few insurance companies use automated technology, which...