Another Large Tier Carrier Chooses OWIT Global’s Insurance Data Management (IDM) Solution to Streamline the Onboarding and Processing of Growing Program Business | PR Newswire [Video]

OWIT Global to Support a Large Number of Program Business Units

, /PRNewswire/ — OWIT Global (OWIT), the leader in cloud-based insurance-specific microservices architected solutions to digitalize the global insurance industry, is pleased to announce yet another large tier carrier has signed on with OWIT’s Insurance Data Management (IDM) Solution to onboard and process all program bordereaux.

The carrier needed a solution that would manage and accelerate its program business growth. 

During an extensive due diligence process, the carrier evaluated numerous vendors to meet its needs for the complex ingestion and cleansing of various insurance transactions. However, OWIT Global was the only vendor that could present insurance-specific processing and answer technical requirements to meet those specific needs. The carrier was extremely thorough during the evaluation process, resulting in a compelling business case.

Similar to other OWIT customers with program business, this carrier requires a strategic solution to transform incoming policy and claims bordereaux data to …