OpenUnderwriter Discussion

Articles from the OpenUnderwriter team discussing the organisation and our software, from our influences and motivation behind the development, through to user experience and future development.


How Mutual and Cooperative Insurers in the Developing World Will Benefit from InsurTech

The InsurTech revolution is in full swing with millions of pounds being invested trying to re-think inefficient and outdated operating models.

This article was written for Insurance Day – Issue 4,605 - Monday 23 May 2016.

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.

Cloud Insurance Services for the African Market

New platform to give African insurance providers a low cost distribution channel.

Tech Equity Ltd and OpenUnderwriter have today announced a partnership to provide an innovative set of cloud insurance services to the African market.

The partnership offers a robust, cloud hosted platform that will give African insurance providers a low cost distribution channel for their products. It will allow these products to be provisioned and purchased using SMS (as well as traditional methods), which will potentially open up a whole new market for low cost insurance.

Quote comparison and Other New Features in 3.0EA3

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.

The Evolution of OpenUnderwriter

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.

The Evolution of OpenUnderwriter

Over the last few months the team has been working really hard to implement some major milestones in OpenUnderwriter's roadmap.

FML Choose OpenUnderwriter

Specialist Southend based broker, FML Insurance Services Ltd have become OpenUnderwriter's latest insurance client.

FML specialise in schemes including leisure and entertainment and have initially gone live with OpenUnderwriter's quote and buy software for it's equipment hirer product.

Gaining Competitive Advantage Through Collaboration

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.

This article was written for Insurance Day – Issue 4,361 - Monday 1 June 2015.

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.

Demonstration Broker Website - Customer Focus...

We have spent a long time demonstrating OpenUnderwriter to many different organisations over the past 6 months.

Demonstration Broker Website - Customer Focus...

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.

OpenUnderwriter 2.1 – Whats New…

The OpenUnderwriter team is really proud to announce the release of OpenUnderwriter 2.1.

OpenUnderwriter 2.1 – Whats New…

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.

Strategy Update

Hello everyone, I'm David and I joined the OpenUnderwriter team in March this year as Strategy Director.

I was previously CEO of Insurecom who were an Insurance Technology company in Brighton before they were acquired by Applied Systems in Aug 2013. I'm passionate about the innovative use of technology to make business more efficient and I really think that the Insurance Industry can be better served.

Extended Document Support in OpenUnderwriter 2.1 and the Benefits of Product Structure

Among the other new features and enhancements included in OpenUnderwriter 2.1 is support for an extended set of document types.

As well as quotation documents, which have been supported for some time, the system now generates certificates, wordings, and invoices. Like all product features, document definitions benefit from product inheritance - meaning that each product need only define the ways in which if differs and need not define common elements.

Challenges for Technology in the Microinsurance Sector

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.

This article was written for Insurance Day – Issue 4,194 - Monday 22 September 2014.

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.

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OpenUnderwriter

20-22 Wenlock Road
London
N1 7GU
United Kingdom

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