Solutions
OWIT Global Solutions are built on a collection of autonomous, insurance-specific microservices, providing strategic value by:
- Delivering intelligent, targeted, and easy to maintain niche insurance solutions
- Providing ease of reaching new ecosystems
- Integrating with, and extending the value of legacy and 3rd party systems
OWIT Global Solutions are managed through a no-code, drag and drop tool and utilize APIs for rapid integration.
All microservices within each solution are reusable for other projects and can be bought independently or as part of a solution.
Bordereaux Management
- Simplifies the creation, distribution, and absorption of Bordereaux reports
- Delivers time savings, improves efficiencies, and data accuracy
- Enables rapid analysis of portfolio performance across risk levels and claims data
Delegated Underwriting Management
- Creates and configures DUA/Binder/Scheme business rules
- Returns aggregation and exposure limits
- Provides governance and controls across multiple Bordereaux
Business to Business Portal
including Point of Sale
- Provides a white-labeled, single, front-end user experience to disparate systems
- Supports new quotes, quote management, and binding
- Extends legacy system life and functionality while reducing development and maintenance costs
Business to Consumer Portal
including Point of Sale
- Provides a white-labeled, self-servicing user interface
- Supports access to policy, billing and claims information and processing
- Gathers data from multiple sources into a single user experience
Insurance Data Transformation
- Performs full audit on the transformation and load
- Automates data cleansing, mapping, and importation with template creation and translation toolset
- Unifies data extracted from disparate systems into one normalized master data set
Rating
- Simplifies configuration of complex rates for business agility in new markets
- Creates operational efficiencies across product development
- Deploys via “black-box” or integrated with existing environment
Rules
- Centralizes and maintains company-specific, customized domain logic
- Allows simple configuration and changes of complex rules
- Provides a separate and centralized repository of knowledge
Document Generation
- Streamlines production of all document types
- Includes an integrated rules engine for document conditions
- Helps insurance organizations respond quickly to changing market conditions
BDX-Central
- Market-wide subscription to connect bordereaux and file-based processing needs
- Support for policy and risk level data, Cash reconciliation and, Claims validation
- Cloud-based, secure service offering significant cost savings
Policy Admin
- A no-code approach to configure and deliver all types of transactions
- Support for the complete lifecycle for any line of business, P&C and A&H
- Can be implemented in stages, i.e., date entry to point of sale to administration
In Development
