The OWIT Renewal Processing Service provides processing of all phases, from pre-renewal to issuance of a renewal policy:
- Review claims and loss runs, integrating 3rd party data sources if needed
- Generate renewal applications, quotes and invoices
- Re-rate policies with rates changes
- Generate renewal quotes, policies and invoices
- Institute straight through processing for automatic renewals
The Renewal Processing 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.