(Image source: Maprisk homepage.)
OWIT Global (West Hartford, Conn.), a provider of microservices technology for the global insurance industry, has announced that it has formed a partnership with Maprisk (Portland, Maine) to utilize data services for automated risk assessment across multiple perils.
Maprisk provides policy life cycle and natural hazard data to property/casualty insurers. With multiple natural hazard solutions that cover Wildfire, Flood, Wind, Hail and additional reports like Crime, Property Information, and Occupancy, Maprisk solutions can be utilized to support a wide variety of carriers across the policy life cycle.
OWIT Global’s Digital Platform delivers solutions built on microservices, including User Experience, Rating, Rules, Document, Bordereaux and Integration Services. Through its integration with Maprisk, OWIT’s point-of-sale (POS) receives property data that assists the carrier in assessing a property underwriting risk. The data retrieved is processed through the rules microservice portion of the POS to automate decision direction. The integration has been completed for a common customer of the two firms.
“Due to our microservice architecture and support for APIs at any point in a workflow, the Maprisk integration was painless,” comments Wendy Aarons-Corman, CEO and President, Americas, OWIT. “Our team was extremely impressed with their innovative product and high energy team and look forward to more future opportunities to work together.”
Exceeded Customer Expectations
“We built the Maprisk platform with integrations like this in mind and are excited to partner with OWIT,” says Brad Sherwin, co-founder, Maprisk. “The joint efforts of Maprisk and OWIT have exceeded customer expectations and we look forward to additional projects together.”