PRESS RELEASE GlobeNewswire
Jan. 8, 2018, 11:52 AM
CHEYENNE, Wyo., Jan. 08, 2018 (GLOBE NEWSWIRE) — Novea Inc, the developer of the Jacana Warranty App, is pleased to announce our Form 1-A Offering Statement is qualified at $3.00 per share. Regulation A+ allows companies to offer shares to the general public. The offering will be made only by means of an offering circular.
CEO Howard Nunn stated, “This qualification is an important step in Novea’s capital formation process. Our goal with the proceeds of this offering is to continue integration of Jacana Warranty’s digital insurance platform across multiple ecommerce retailers, as well as expand on licensing opportunities with insurance carriers and rolling out our advertising program to make Jacana Warranty a household name.”
Novea Inc has also obtained DTC Eligibility, received a CUSIP and engaged a transfer agent to assist in delivery of stock certificates for new shareholders. Novea has reserved a ticker symbol with the New York Stock Exchange in anticipation of a future public listing.
For additional information on Novea Inc., the offering and any other related topics, please review the Form 1-A offering circular that can be found at the following location:
About Novea Inc.
Novea Inc. is a financial services software company which has developed the Jacana Warranty App (www.JacanaWarranty.com) with the goal of becoming the consumer’s choice in the extended warranty market. With its cutting-edge CRM system’s fast and convenient service, Jacana Warranty puts the warranty buying power back in the hands of the consumer. Novea has established Jacana Insurance, a wholly owned subsidiary of Novea, Inc. as a captive specialty insurance carrier.
Certain statements in this press release including, but not limited to, statements related to anticipated commencement of commercial production, targeted pricing and performance goals and statements that otherwise relate to future periods are forward-looking statements. These statements involve risks and uncertainties, which are described in more detail in the Company’s periodic reports filed with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements are made and based on information available to the Company on the date of this press release. Novea Inc. assumes no obligation to update the information in this press release.
For additional information…
THE INSURTECH REPORT: How financial technology firms are helping — and disrupting — the nearly $5 trillion insurance industry
The global insurance industry is worth nearly $5 trillion, and insurance companies are at risk of losing a share of this valuable market to new entrants. That’s because these legacy players have been even slower to modernize than their counterparts in other financial services industries.
This has created an opportunity for a group of firms known as insurtechs. These startups are leveraging new technology and a better understanding of consumer expectations to increase efficiencies in the insurance industry. Some are helping incumbents deliver better end products, while others are directly competing with legacy players.
In a new report from BI Intelligence, we look at the drivers behind the increasing number of insurtech companies, how they are helping or disrupting legacy players in the insurance industry, and where legacy players are innovating off their own backs.
Here are some of the key takeaways:
- The opportunity is currently biggest in the US and Europe. That’s because these regions have large, very mature insurance industries.
- Insurtechs’ products and services mostly target retail customers. This includes small businesses and consumers.
- Most insurtechs are acting as enablers. This means that they offer products and services that help insurers and reinsurers improve their processes and better serve customers.
- Of the main players in the insurance industry, brokers are most at risk of disruption. This is because insurtechs can easily replicate their services and are solving historical industry problems faster than legacy players.
- Legacy players are also innovating. In particular, insurers and reinsurers are investing in insurtechs and fintechs working with relevant technologies. At the same time, they are improving their own direct-to-consumer digital interfaces, increasing their disruptive threat to brokers.
- Explains the structure and current state of the insurance market.
- Highlights areas where insurtechs can help legacy players modernize.
- Describes where insurtechs are competing with incumbents and how their models compare.
- Provides case studies of insurtechs.
- Outlines the legacy response.
- And much more.
Ref: Yahoo Finance
For more information click this LINK