No-code. No hassle. No nonsense.
Know OWIT Global.
OWIT Global no-code microservices are wholly designed for the insurance industry
A team of insurance technology experts came together in 2018 to provide the insurance industry with a fresh and much-needed option for extending legacy investments and getting new solutions to market. This team did not want to be another “me too” offering and landed on insurance-specific, no-code microservices.
Features:
Benefits:
Microservices—it’s the ONLY thing we do.
Small: Targeted insurance-specific functionality
Reusable: Can be used in current and future projects
Scalable: Performant to support volumes of users and transactions
Replaceable: No need to replace an entire system; can replace an individual piece
From Insurance Portal:
- User Experience Service, Rules Service, Integration Service
- Provide a single view into disparate back end systems
- Support for various user experiences, look and feel
To Point of Sale:
- Add the Rating Service and Document Service
- Submission management, rating and document delivery
- Integration with 3rd parties and back end systems for administration
To Policy Lifecycle:
- Add transactional services such as endorsements, special endorsements, audits, cancel/reinstate and renewals
- Full policy lifecycle support
- Integration with 3rd parties and back end systems for additional needs
Pain Point:
Solution:
3rd Party Integration
Management
Integration Service that becomes a hub for all integrations. Ability to configure exchanged data elements and apply rules
Bordereaux Management
A series of microservices that solve the ingestion, cleansing, logging, correction, mapping, and exportation of Bordereaux files
Competing with
Insurtech Offerings
Leveraging microservices to connect to additional eco-systems to provide insurance products in real-time
Fighting the Huge
IT Queue
Through a no-code toolset, insurance processing can be configured, tested and delivered by the business user
OWIT Global (OWIT) is an insurance technology company specializing in solutions built on a unique suite of reusable, insurance-specific microservices.
OWIT’s solutions include:
• Bordereaux and Binder Management
• Business to Business/Consumer Portals
• User and Point of Sale Portals
• Rating
• Document-lite Generation
• Insurance Data Transformation
• Policy Lifecycle
OWIT’s solutions can be deployed standalone or integrated with a Broker’s, Carrier’s, or MGA’s existing environment to maximize investments.