The InsurTech revolution is in full swing with millions of pounds being invested trying to re-think inefficient and outdated operating models.
With the demand for low cost insurance growing at a phenomenal rate and a large increase in the number of member and community based organisations (cooperatives and mutual) especially in the developing world, the demand for innovative, cost effective technology has never been higher. With enormous potential benefits to both state and consumer, low cost insurance provides a financial safety net to some of the lowest income families around the globe but to date, traditional technology solutions have been ill equipped to support this market.
OpenUnderwriter 3.0EA3 is ready for download
I'm always very pleased to announce the availability of a new release, but this time it's one that has a couple of features that the team are very proud of. One is large the other is comparatively small, but both make a big difference to OpenUnderwriter's capabilities.
SMS payment integration and more...
The latest 3.0 Early Access release is ready for download.
Small enhancements and bug fixes to 2.2
The OpenUnderwriter team are pleased to announce that 2.2SP1 is ready for download.
3.0's first Early Access release is ready for download.
The OpenUnderwriter team are excited to announce the availability of OpenUnderwriter 3.0EA1.
To coincide with the release of OpenUnderwriter 2.2, we want to tell you a little bit about what you can find in the release, along with some other exciting developments that have been happening behind the scenes here.
Over the last few months the team has been working really hard to implement some major milestones in OpenUnderwriter's roadmap.
Technology has played a large part in addressing the challenges faced by mutual and co-operative insurers in the developing world, but it is time for new and more innovative approaches to be considered.
Enabling huge areas of the globe develop insurance solutions depends very heavily on cheap and reliable technology. The demand for low cost insurance is growing at a phenomenal rate and as a result we’ve seen a large increase in the number of member and community based organisations (cooperatives and mutual) especially in the developing world. With enormous potential benefits to both state and consumer, low cost insurance provides a financial safety net to some of the lowest income families around the globe.
We have spent a long time demonstrating OpenUnderwriter to many different organisations over the past 6 months.
One of the common pieces of feedback that we have received is that while we give a comprehensive overview of the technical and administration aspects of the system, we haven’t focussed too much on the customer experience. In order to address this, we have now developed a new public website for our very own demo broker - Star Insurance.
The OpenUnderwriter team is really proud to announce the release of OpenUnderwriter 2.1.
Following on from the success of version 2.0 earlier this year, this latest release further refines and expands the software's feature set. The focus, as always, is delivering innovative software that allows Insurance organisations to deliver results and quickly and efficiently.
The use of new technology is critical for the microinsurance sector, but without reliable data or actuarial capacity, it will be a struggle to design sustainable products.
We live in a world dependent upon technology, we use it every day, at home, in our jobs, it touches everything we do, but rarely do we consider the process and decisions that have gone on behind the scenes to deliver that technology into our lives.
OpenUnderwriter is delighted to announce the arrival of Google Web Toolkit (GWT) into the project.
We chose GWT to provide a richer and more interactive web UI experience for end users of the OpenUnderwriter product suite. We looked at a few other technologies for the job including JQuery, Vaadin and Yahoo-UI, but in the end GWT won through for us on its cross-browser support, flexible internationalisation, responsiveness and rich features. Plus, being Java based makes it consistent with the rest of the OpenUnderwriter project.
How do you provide affordable technology platforms for mutual and other insurers in the developing world?
The demand for low cost insurance is growing at a phenomenal rate. With enormous potential benefits to both state and consumer, low cost insurance provides a financial safety net to some of the lowest income families around the globe.
The Ghanaian insurance sector is rapidly expanding...
...however there is limited ability to analyse the risks associated with the markets being covered and the potential losses that could be incurred. Also, products on offer are mainly tailored for the relatively well off, meaning coverage extends to less than 2% of the Ghanaian population.