OWIT Global Enhances Insurance Process Management Solution with AI-Driven No-Code Tools

Quick Summary

OWIT Global has upgraded its Insurance Process Management (IPM) solution with advanced AI-driven capabilities. This no-code platform allows insurers to modernize legacy systems and accelerate the delivery of digital user experiences, from submission management to claims workbenches, without the need for costly rip-and-replace strategies.

How Does OWIT Global Solve Legacy System Fragmentation?

OWIT Global addresses the challenge of fragmented technology by using its Insurance Process Management (IPM) solution to unite disparate back-end systems into a single user experience. Rather than replacing entire core systems, insurers can leverage cloud-based microservices to modernize existing infrastructure. This approach allows for the creation of new insurance products and services while maintaining data integrity across the organization.

• Submission Management: Includes full rating and document handling.
• Workbench Versatility: Configurable for claims, reinsurance, and underwriting.
• Deployment Flexibility: Available via shared SaaS, dedicated SaaS, or customer-hosted models.

What Results Has the AI-Driven Command Center Delivered?

The introduction of the AI Assistant within the Command Center toolset significantly reduces the time required to configure complex user journeys. By automating the creation of data entry pages, progress bars, and workflows, OWIT Global enables quicker delivery to distribution channels. The company confirmed it is now successfully live in production with its first customer, proving the solution's ability to maximize existing system investments while accelerating time to market for new digital offerings.

How Does AI Accelerate Insurance Solution Development?

“We take great pride in IPM, as it is the result of years of experience in building insurance processing systems. IPM harnesses AI to accelerate solution development and time to market, while also integrating with an organization's AI systems to support real-world production operations. The combination of these two capabilities is what the industry should be looking for. We are now successfully live in production with our IPM solution, enabling our first production customer to achieve their business objectives while maximizing and extending the value of their existing system investments.” said Jon Kaplan, chief technology officer.

FF NEWS TAKE:

OWIT Global is hitting a critical pain point in the market: the Insurance Process Management gap. By offering a no-code, AI-enhanced bridge between legacy debt and modern digital demands, they are effectively de-risking digital transformation. This move toward microservices-based modernization rather than total replacement moves the needle by allowing insurers to innovate at the speed of a startup while retaining the stability of their established back-ends.