What is Openkoda?
Openkoda is a configurable insurance policy administration system for MGAs, carriers, brokers, TPAs and insurtech teams. It supports product setup and the quote-to-claim lifecycle, including underwriting, policy administration, claims, billing, documents and reporting. Teams can use AI-assisted configuration and choose fully managed cloud or on-premise deployment. Annual contracts have no per-seat, per-policy or percentage-of-premium fees.
Openkoda Features:
AI Product Builder: Describe a product change in plain English and the AI drafts a configuration covering items such as coverages, pricing, rules or workflows for review.
Rating and Workflow: Update rating rules and pricing, and design operational workflows with visual drag-and-drop tools rather than relying on release cycles for each change.
Policy Lifecycle: Manage insurance operations across underwriting, policy administration, claims processing and billing within one platform.
Forms and Distribution: Create branded forms and portals, and provide per-form APIs that let partners quote, bind and retrieve policy data from their own systems.
Documents and Reporting: Generate branded policy documents, build role-specific dashboards, ask questions of data in plain English and produce delegated-authority bordereaux.
Team Collaboration: Keep chat, tasks and notifications on the relevant record, with Stripe payments and Gmail or Office 365 also available as built-in integrations.
Openkoda Benefits:
Fewer Developer Queues: Business users can lead product configuration, reducing the need to turn routine product changes into separate developer projects.
Controlled Changes: Reviewing a before-and-after draft and approving changes gives teams a way to check updates before they go live.
Connected Operations: Keeping core insurance work in one system can reduce the need to coordinate lifecycle tasks across separate tools.
Predictable Fees: A flat monthly pricing structure without per-seat, per-policy or premium-percentage charges helps avoid variable fees tied to team size or policy volume.
Deployment Choice: Organizations can choose managed cloud or on-premise deployment to suit how they want the platform hosted.
Use Cases:
MGA Program Management: Configure delegated-authority programs by binder, with carrier-specific rules, commissions and bordereaux reporting.
Carrier Operations: Run product setup, rating, underwriting, policy administration, claims and billing on a configurable core.
Broker Client Service: Support client servicing, renewals and commissions with a client view and self-service portals for brokers or policyholders.
TPA Claims Administration: Administer claims for different client programs with payment controls and service-level tracking.
Embedded Insurance: Launch digital insurance products through branded forms, portals and partner APIs that support quoting and binding.