#United States #Data Security #West Hartford #Insurance #OWIT

OWIT Global: Transforming Insurance Solutions with Innovative Delivery Models

OWIT Global, a frontrunner in cloud-based insurance technology, has recently rolled out new delivery options designed to adapt to the ever-changing demands of data security within the insurance sector. As firms worldwide are grappling with increasing security requirements, OWIT stands at the forefront by providing three distinct deployment methods: Software as a Service (SaaS), Client On-Premise/VPC (Virtual Private Cloud), and a Hybrid model that merges both hosted and on-premise solutions.

A Response to Industry Demands

Wendy Aarons-Corman, CEO of OWIT Global, emphasized the growing importance of data security for insurers. She stated, "Insurer requirements regarding data security have become a pivotal conversation. Our clients have worked closely with us to address these critical needs, leading to the launch of our versatile service delivery models." This significant shift caters to various client profiles, aligning with differing corporate security standards and access rights, ensuring a customized service that fits the specific requirements of each corporation.

Tailored Solutions for Maximal Flexibility

The flexible deployment options are geared towards creating a more robust framework wherein insurance carriers, brokers, and other stakeholders can optimize their operations. The new models not only ensure compliance with security standards but also offer a cost-effective structure that can lead to substantial savings compared to traditional methodologies. OWIT’s deployment flexibility allows customers to choose their preferred arrangements, significantly enhancing the efficiency of their operations.

Core Offerings: Data Management and Operational Efficiency

At the heart of OWIT's solutions is the Insurance Data Management (IDM) system. This innovative tool assists organizations in managing their data with the utmost integrity—consuming, cleansing, and validating it to ensure that only immaculate data enhances business functions. By promoting a 100% scrubbed data policy, OWIT equips clients for a range of tasks including bordereaux management and data migration.

In conjunction with IDM, OWIT's Insurance Process Management (IPM) solution offers configurable portals facilitating submission management and point-of-sale operations, amplifying operational efficiencies and extending the value of existing systems.

Driving Digitalization in the Insurance Sector

By merging clean data with streamlined operations, OWIT’s offerings epitomize true digitalization. In a landscape where partners traditionally face isolated challenges concerning data and processing, OWIT aims to simplify these complexities. The convergence of its solutions supports seamless collaboration amongst carriers, reinsurers, brokers, and other key players, allowing them to tackle collective challenges more effectively.

OWIT has strategically invested millions into developing no-code, insurance-specific solutions, reinforcing its commitment not just to innovate but to empower clients in navigating their unique challenges.

In Conclusion

As OWIT Global continues to enhance its offerings, it paves a new path for the insurance industry – one that prioritizes flexibility, security, and operational excellence. Organizations looking to elevate their data management and processing efficiency will find OWIT's array of services indispensable. For more detailed insights into OWIT's solutions and how they can benefit your business, visit www.owitglobal.com for more information.