The OWIT Cancellation/Reinstatement Service generates pending Cancel/Non-renewal documents and status updates:
- Rescind polices, generate documents and update status
- Support for the following cancellation methods/types:
- Short rate
- Fully earned coverages
- Minimum Premium/Minimum earned premium
- Reinstatements, with or without lapse
The Cancellation/Reinstatement Microservice can be found in the following OWIT Global Solution. Scroll over the solution to learn more.
OWIT GLOBAL VALUE PROPOSITION
All clients of OWIT Global’s insurance-specific microservices can reuse these microservices for any other project within their organization. For example, the User Experience microservice can be leveraged outside the Bordereaux Management Solution for any portal need, whether internal or external, including extending a legacy system to the internet or providing a single view of disparate back end systems to a broker.
Click on any microservice to learn more.