#None #OWIT Global #West Hartford #Cloud-Based Solutions #Insurance Workbench

OWIT Global Launches Revolutionary Insurance Workbench

OWIT Global, a leading force in cloud-based, insurance-specific microservices solutions, has recently unveiled its latest product: the Insurance Workbench. This innovative solution is set to transform the landscape of the global insurance industry by combining clean data interchange with operational efficiencies.

The Insurance Workbench is a modern, no-code platform designed to facilitate the swift configuration of new user experiences. It boasts an Underwriter Workbench for managing submissions, alongside a Distributed Data Workbench that supports end-to-end program management and bordereaux management processes. Furthermore, the platform seamlessly integrates with existing customer environments and third-party systems, thereby enhancing its utility.

OWIT Global defines true digitalization as the union of data integrity and process efficiencies. Their Insurance Data Management (IDM) solution is already in use by global insurers to monitor, cleanse, and normalize various types of data files. This includes handling critical data related to policies, claims, cash, bordereaux, delegated underwriting management, reinsurance, and statements of values.

Wendy Aarons-Corman, CEO of OWIT Global, expressed, "Over the years, the OWIT team has been providing the industry with modern digitalization solutions that advance its capabilities. We have not only delivered clean data through our IDM solution but have also been preparing the Insurance Workbench to synergize data integrity with diverse processing needs. It's time for the industry to think beyond basic underwriter workstations and envision a flexible solution that accommodates various workstation needs while ensuring data integrity."

In a similar vein, Julian James, Chief Revenue Officer and President of the EMEA/AsiaPac region, emphasized the importance of having a comprehensive platform that integrates every aspect of risk assessment, submission management, and data ingestion. He stated, "The Insurance Workbench provides a one-stop solution for both Underwriter Management and Delegated Data Management, ensuring that all program and submission needs can be managed effortlessly in one location."

OWIT Global stands as an innovative insurance technology provider, specializing in creating solutions based on a unique set of reusable, insurance-specific microservices optimized for cloud deployment. The Insurance Workbench presents a distinctive approach to tackling the industry's challenges, seamlessly marrying data integrity with efficient operational processes.

The complete suite of solutions within the Insurance Workbench includes extensive lifecycle contact management. This capability supports both Program and Reinsurance arrangements, encompassing file-based bordereaux and direct source-to-target data interchange. Moreover, the Underwriting Workbench solutions enhance legacy environments through user-friendly Business-to-Business and Consumer portals, as well as point-of-sale functionalities and document-lite generation.

OWIT's clients can harness each solution according to their specific needs, enabling immediate business benefits while also embracing a long-term strategic vision. The flexibility of the offerings allows for standalone deployment or integrated use with their own systems and those of partners, making the Insurance Workbench a pivotal tool for modern insurers.

To discover more about the capabilities and potential of OWIT Global’s Insurance Workbench, visit www.owitglobal.com.

Media Contact:
Gilda Migliore
Email: [email protected]
Phone: 1-833-GET-OWIT X708