OWIT Global

What OWIT Global does

OWIT Global is a private insurance technology company founded in 2018 and headquartered in West Hartford, Connecticut, with additional offices in Camberley, UK and Hyderabad, India. The company builds a cloud-based, insurance-specific microservices platform marketed under the O/DIEM (Digitalization for Insurance Enterprise Management) brand, comprising two modules: Insurance Data Management (IDM) for ingesting, cleansing, normalizing, and processing bordereaux and other insurance data, and Insurance Process Management (IPM) for broker portals, submission management, point of sale, rating, rules, and document generation. These modules underpin the Insurance Workbench product suite and adjacent offerings such as the BDX-Central industry-wide bordereaux data exchange, the Distributed Data Workbench (DDW), Contract Builder, and pre-programmed integrations to services like CoreLogic MSB, Experian, Google Geo, Maprisk, and OFAC.

The platform is positioned around no-code, drag-and-drop configuration that enables business analysts to deploy and modify insurance workflows without vendor dependency, with reusable, small, scalable, and replaceable microservices that extend rather than replace legacy policy administration systems. AI capabilities, delivered via Chat GPT v4.0 and applied use case by use case, support data quality, error correction, and rules derivation inside a SOC 2 Type II-certified multi-tenant architecture.

OWIT Global monetizes through shared SaaS, dedicated SaaS, and customer-hosted deployment options, supplemented by professional services for implementation, configuration, training, and ongoing support. The company sells primarily via direct enterprise field sales led by a senior team drawn heavily from Duck Creek Technologies, targeting insurance carriers, reinsurers, MGAs/MGUs, and TPAs across the US, UK, and broader EMEA markets. Named customers include Swiss Re, a Bermuda-based global reinsurer with over $9 billion in capital, Canopius, Insurors Indemnity Companies, SpottedRisk, and an expanding logo set visible on its website.

Name

OWIT Global

Legal name

OWIT Global

Website

https://owitglobal.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

OWIT Global is a private insurance technology company that provides a cloud-based, no-code microservices platform for bordereaux management, data integrity, and process automation, serving insurance carriers, reinsurers, MGAs/MGUs, and TPAs across the US, UK, and EMEA.

Ownership category

akta.pro rank

Product category

Insurance Technology Software

NAICS

Computer Systems Design and Related Services (54151), Computer Systems Design Services (541512), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Document, Workflow & Policy Servicing Automation (RPA/No-Code) (FSAGAGAK)

akta.pro secondary industry

Document Capture, Scanning, OCR/ICR & Intelligent Document Processing (IDP) (HDAEAGAD)

Keywords

• Insurance data management
• Bordereaux management software
• Insurance microservices platform
• Insurance process automation
• Insurance digitalization platform

Headquarters

HQ city

West Hartford

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Subscription - Shared Model: Shared SaaS model providing access to Insurance Data Management solution with multi-tenant infrastructure. Business analysts configure and manage data streams through no-code platform. Cost-effective approach where multiple subscribers share infrastructure costs.
2. SaaS Subscription - Dedicated Model: Dedicated SaaS model with dedicated infrastructure for single customer deployment. Provides isolation and customization while maintaining cloud-based delivery benefits.
3. Customer-Hosted Option: Customer-hosted deployment option allowing organizations to run OWIT solutions on their own infrastructure for those with specific data security or compliance requirements.
4. Professional Services: Implementation services including onboarding support, configuration assistance, training, and working sessions. OWIT team engages as extension of customer team during critical implementation phases.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

OWIT Global is an insurance technology company that builds and sells a cloud-based, no-code microservices platform (O/DIEM and Insurance Workbench) for insurance carriers, reinsurers, MGAs/MGUs, and TPAs. The platform combines Insurance Data Management (IDM) for ingesting, cleansing, normalizing, and processing insurance data (including bordereaux, statements of values, and delegated underwriting) with Insurance Process Management (IPM) for operational workflows such as broker portals, submission management, point of sale, rating, rules, and document generation. Solutions are deployed as shared SaaS, dedicated SaaS, or customer-hosted and integrate with existing policy administration, claims, and accounting systems.

Product overview

OWIT Global is an insurance technology company offering a suite of reusable insurance-specific microservices built on a modern cloud-native architecture. The core O/DIEM (Digitalization for Insurance Enterprise Management) platform consists of two modules: Insurance Data Management (IDM) for data ingestion, cleansing, normalizing, and processing; and Insurance Process Management (IPM) for operational efficiencies. These capabilities form the foundation of the Insurance Workbench, which uniquely combines data integrity and interchange with streamlined operational processes. The product portfolio includes Bordereaux/Program Management, Binder/Contract Management, DDW (Distributed Data/Program Bordereaux Management Workbench), BDX-Central (the industry's first bordereaux data exchange), Underwriting Workbench, Submission Management, Point of Sale, B2B/B2C/Internal Portals, Rating/Rules, Document Generation, Statement of Values Consumption, Contract Builder, and Integration Microservice. Solutions are deployed as standalone or integrated with existing customer environments and third-party systems. IDM leverages Chat GPT v4.0 for AI functions and is available as shared SaaS, dedicated SaaS, or customer-hosted option. The company serves Carriers, Reinsurers, Brokers, MGAs, MGUs, and TPAs across USA, UK, and India.

Differentiator

Problem solved

Functional benefit

Brands

• O/DIEM: Digitalization for Insurance Enterprise Management - strategic platform combining Insurance Data Management and Insurance Process Management to support the insurance industry's need for clean data and process digitalization.
• Insurance Workbench
• BDX-Central
• Insurance Data Management (IDM)
• Insurance Process Management (IPM)

Products and services

• O/DIEM (Digitalization for Insurance Enterprise Management) OWIT's strategic cloud-native platform for the insurance industry that supports the industry's need for clean data from internal and external sources, made up of two modules: Insurance Data Management (IDM) and Insurance Process Management (IPM).
• Insurance Workbench Strategic solution combining data integrity and interchange with operational process optimization. Combines IDM and IPM to support the full insurance program lifecycle including submission management, contracting, onboarding, data files, evaluation, and auditing.
• Insurance Data Management (IDM) Central data management feature of O/DIEM platform designed to support the ingestion, cleansing, normalizing, and processing of all insurance data including Bordereaux, Statement of Values, and Delegated Underwriting. Leverages Chat GPT v4.0 for AI functions.
• Insurance Process Management (IPM) Process management area of O/DIEM platform designed to create operational and process efficiencies through Broker Portals, Submission Management, Point of Sale, Rating, Rules and Document Generation, and any process-driven operation.
• BDX-Central Market-wide subscription and cloud-based bordereaux data exchange solution supporting MGA, MGUs, Carriers, Reinsurers, TPAs, and other partners. The industry's first bordereaux data exchange that delivers and receives bordereaux and file-based processing for any line of business.
• Distributed Data/Program Bordereaux Management Workbench (DDW) Delivers full end-to-end needs leveraging IDM and IPM for bordereaux/program management, binder/contract management, underwriting strategy, partner evaluation, portfolio management, delegated authority data ingestion, contract lifecycle management, and performance monitoring.
• Underwriting Workbench Provides capabilities to extend existing systems for all insurance processing, and when combined with distributed data capabilities, ingests and cleanses all incoming data streams. Designed to create operational and process efficiencies through broker portals, submission management, point-of-sale, rating, rules and document generation.
• Contract Builder Solution New microservice-based solution to support industry need to automate assembly of insuring agreements and policy forms. Combines with User Experience, Rules, and Document microservices to tailor risk exposure contracts and improve accuracy, efficiency, and time to market.

Quantifiable outcome

• Reduces bordereaux processing from manual, time-consuming effort to automated one-click solution
• +5 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability5 records

Feature8 records

Partnerships

Six partnerships are on record, tiered core and strategic.

• CanopiuscoreTechnology or Integration · 1 June 2023Canopius (global specialty reinsurer with operations in Australia, Bermuda, Singapore, UK, and US) implemented OWIT's BDX-Central for onboarding and processing of 50 MGAs and 10 TPAs. Solution connects to Origami Risk for policy and billing workflow automation and internal databases.
• Swiss RecoreTechnology or Integration · 14 December 2022Swiss Re (global reinsurer) partnered with OWIT to use Bordereaux Management Solution to facilitate onboarding and processing of its Managing General Agents portfolio data feeds.
• Large Global Reinsurer (Bermuda-based)coreTechnology or Integration · 15 February 2022Bermuda-based international reinsurer with over $9 billion in total capital, 16 office locations, and over 1,200 employees selected OWIT's Bordereaux Management Solution as their global strategic platform for bordereaux consumption and cleansing.
• BDX-Central Industry ExchangestrategicChannel Partner/ Reseller/ Distributor · 7 June 2021BDX-Central is positioned as an industry-wide bordereaux data exchange where multiple insurance organizations subscribe. Carriers, Reinsurers, MGAs, MGUs, TPAs subscribe to exchange data efficiently, replacing expensive individual company approaches to bordereaux processing.
• Insurors Indemnity CompaniescoreTechnology or Integration · 25 May 2021Insurors Indemnity Companies (regional P&C and surety insurance group) partnered with OWIT for automated MGA bordereaux consumption. Implementation includes Bordereaux Management Solution to consume data from existing policy administration systems and BDX-Central for MGA and TPA data onboarding.
• SpottedRiskcoreTechnology or Integration · 14 July 2020SpottedRisk, a data-driven MGU focused on specialty lines insurance (disgrace insurance, Production Buy-Back policies) for entertainment and event industries, partnered with OWIT Global to automate policy processing and bordereaux management. OWIT's microservices solutions support processing of all of SpottedRisk's specialty lines insurance business, integrating with their large database of entertainers and public figures.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Duck Creek Technologies: Core insurance software suite for P&C carriers built on a microservices architecture. Most directly comparable competitor — multiple OWIT founders (CEO, CRO, CCO) came from Duck Creek, and both target insurance carriers and MGAs with modern, cloud-native suites.
• EIS Group: Cloud-native insurance core platform for P&C and life insurers built on a microservices architecture. Competes head-to-head with OWIT for modern, API-led insurance platforms targeting specialty and high-volume carriers.
• OneShield Software: Insurance core system provider for P&C carriers, MGAs, and TPAs with configurable policy, billing, and claims solutions. Comparable target customer (MGAs, TPAs, mid-market carriers) and overlapping product scope.
• Origami Risk: Insurance-focused risk, claims, and policy administration platform integrated downstream by Canopius (per OWIT case study). Comparable buyer set and adjacent workflow scope in policy, billing, and bordereaux processing for carriers and MGAs.

Broad incumbents

• Guidewire Software: Established P&C insurance core system vendor with PolicyCenter, BillingCenter, and ClaimCenter. A larger incumbent operating across the same insurance value chain OWIT serves, with broader scope but more rip-and-replace orientation.
• Insurity: Insurance software and analytics provider serving P&C carriers, MGAs, and TPAs with policy, billing, claims, and data solutions. Comparable buyer set (carriers, MGAs, TPAs) and overlapping product scope around data and process management.
• Majesco: Insurance software provider offering core, data, and analytics solutions to P&C and L&A carriers as well as MGAs. Comparable buyer base with broader product portfolio and longer enterprise track record.
• Sapiens International: Global insurance software vendor with core platforms, data, and digital solutions for P&C, life, and reinsurance markets. Comparable reinsurance customer overlap (Swiss Re, large global reinsurers) and broader geographic footprint.

Emerging players

• Instec: Niche insurance software vendor focused on P&C specialty, workers' comp, and commercial lines with configurable policy and rating solutions. Comparable specialty-lines focus and MGA/customer overlap.

Others

• ACORD: Insurance industry standards body and data-exchange facilitator, of which OWIT is a Licensed Integrator Partner. Not a direct competitor but an enabling standards organization relevant to bordereaux and insurance data interoperability.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@owitglobal5818
• LinkedInlinkedin.com/company/owit-global
• Xx.com/OwitGlobal

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OWIT Global