OWIT Global Announces Refinements to its Cloud-based Bordereaux Service for Accident and Health, Property and Casualty Insurance
For brokers, carriers and reinsurers, OWIT’s Bordereaux Service provides automation for the incoming data from multiple entities. The data is imported, validated for accuracy, mapped to the existing data structure and imported into their database. For the MGU, the Bordereaux Service manages multiple contract definitions. Data is extracted from the MGU database, mapped to the various contracts, cleansed for accuracy and exported into the required carrier format. Data is also available through reports and an analytics tool.
Highlights of OWIT’s Bordereaux Services solution include, but are not limited to:
- Increased automation, significantly reduced time, and enhanced data quality for Bordereaux reporting and processing
- Bordereaux report creation, including data aggregation from multiple disparate data sources and/or multiple formats
- Business user created and maintained of data lookup tables
- A robust and flexible set of business rules configurable by business users versus IT staff
- Creation of a “Book of Business” and “Transactional” based data files
- Supports default of custom output data set for differing types of Bordereaux files
- Outputs data to any database, Excel file, or XML
- Premium, cash and claims Bordereaux processing
- Validation of risks against a
Master Policy /Binder and scrutiny of risk level data, including aggregations
To learn more about OWIT Global’s microservices CLICK HERE.
About OWIT Global:
OWIT is a global insurance technology provider offering solutions built on a modern architecture designed to simplify innovation and integrate with existing customer environments to maximize their investments. The OWIT portfolio is comprised of discrete, value-add cloud-based microservices for Bordereaux, Rules, Rating, Portal Configuration, A&H and
View source version on businesswire.com: https://www.businesswire.com/news/home/20190815005372/en/
Source: OWIT Global
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