Witworks

What Witworks does

Witworks (marketed as WitWorks) is a cloud-based SaaS platform that digitizes and centralizes the full lifecycle of reinsurance intermediation, from risk quotation and placement through premium, commission, and claims settlement, including endorsements and renewals. It is built as an integrated suite of five modules — Quotation and Placement, Income and Expenses, Back-office Operations, Metrics and Analytics, and Claims Management — covering facultative reinsurance and automatic contracts (both proportional and non-proportional). The platform supports multi-currency operations, English/Spanish slip generation, international tax configuration, customizable user profiles, and traceable digital dossiers per risk, with reporting across commercial, operational, and administrative effectiveness.

The product is developed and commercialized by Blue Ribbon Technology, a technology company focused on the (re)insurance industry, originating as an internal project in 2007 and launched commercially in the Latin American market in 2020. The target customer base is reinsurance brokers and intermediaries, with the website and sales materials available in Spanish and English and sales/support contact points in Buenos Aires (Argentina) and Singapore, indicating intent to serve cross-border books.

Witworks operates an enterprise SaaS business model, monetizing via subscription recurring revenue under undisclosed pricing, distributed through a direct, sales-led motion with a small team (1–10 employees) and no publicly disclosed external funding. GTM relies on bilingual content marketing via the company website, email outreach, and personalized advisory from a team of experts, with support available Monday–Friday 9am–6pm GMT-3.

Name

Witworks

Website

https://witworks.cloud

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Short description

Witworks is a cloud-based SaaS platform that digitizes end-to-end reinsurance intermediation for brokers and intermediaries in Latin America, covering quotation, placement, premiums, claims, and renewals. It is operated by Blue Ribbon Technology under a sales-led enterprise subscription model.

Ownership category

akta.pro rank

Product category

Reinsurance Management Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Claims Management & Digital FNOL Platforms (FSAGAGAC)

Keywords

• Reinsurance management software
• Facultative reinsurance platform
• Insurance intermediary tools
• Reinsurance claims management
• Reinsurance broking software

Headquarters

HQ city

Buenos Aires

HQ country

Argentina

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software as a Service (SaaS): Cloud-based subscription model for reinsurance management software. The platform provides end-to-end management capabilities for facultative reinsurance and automatic contracts.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

WitWorks is a cloud-based, integral SaaS platform for the management of facultative reinsurance and automatic contracts, both proportional and non-proportional. It digitalizes the full reinsurance intermediation lifecycle from risk quotation through to claims settlement and endorsements administration, providing quotation and placement, income and expenses, back-office, metrics, and claims modules. The product is designed for reinsurance brokers and intermediaries who need to standardize, optimize, and professionalize their operations.

Product overview

WitWorks is a single unified cloud-based platform for reinsurance management offered by Blue Ribbon Technology. The platform consists of an integrated set of modules: Quotation and Placement, Income & Expenses, Back-office, Metrics, and Claims. These modules work together to cover the full reinsurance intermediation lifecycle from risk quotation through claims settlement, with features for digital file management, performance indicators, and multi-currency support across both facultative and automatic reinsurance contracts.

Differentiator

Problem solved

Functional benefit

Products and services

• WitWorks WitWorks is a cloud-based, end-to-end SaaS platform for the management of facultative reinsurance and automatic contracts, both proportional and non-proportional. It covers the entire reinsurance intermediation process from risk quotation and placement through endorsements administration to claims handling, including back-office operations, multi-currency income and expense management, and metrics and analytics reporting. Designed for reinsurance brokers and intermediaries seeking to digitalize, standardize, and scale their operations.

Quantifiable outcome

• Reduction of negotiation and hiring times
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

One partnership is on record.

• Blue Ribbon TechnologycoreStrategic or Co-development PartnerWitWorks is a product developed and sold by Blue Ribbon Technology, a tech company focused on the (re)insurance industry. Blue Ribbon Technology recognized the need for a robust and integral solution for reinsurance management and developed WitWorks. The platform was launched in the Latin American market in 2020, originally starting as an independent project in 2007. Blue Ribbon Technology is committed to professionalizing and optimizing reinsurance management.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Prima Solutions: Prima Solutions provides SaaS platforms for insurance and reinsurance intermediaries, including quote-to-claim workflows, broker portals, and reinsurance treaty management. It competes for the same broker/intermediary customer base WitWorks targets, with comparable vertical SaaS positioning.
• RGI Group: RGI is a long-standing European vendor of software solutions specifically for reinsurance and insurance, with modules covering treaty and facultative management, claims, accounting, and bordereaux. It is the closest direct functional peer to WitWorks' end-to-end reinsurance intermediation platform.

Emerging players

• Earnix: Earnix provides AI-driven pricing, underwriting, and customer analytics for insurance and reinsurance. It is not a direct competitor to WitWorks' operational modules, but is an emerging SaaS analytics vendor that reinsurance brokers may bundle alongside — making it a relevant emerging peer in the broader insurtech stack.
• Origami Risk: Origami Risk is a SaaS platform for insurance, reinsurance, and risk management, offering claims, policy, billing, and analytics workflows. It targets similar mid-market insurance and reinsurance intermediaries as WitWorks, with a broader risk-management footprint.

Broad incumbents

• Insurity: Insurity is a large insurance software provider serving P&C carriers, MGAs, and reinsurance operations with policy administration, claims, and analytics. Its reinsurance capabilities overlap with WitWorks' end-to-end intermediation workflow, although Insurity is broader and significantly larger.
• Guidewire Software: Guidewire is the dominant P&C insurance core systems vendor (PolicyCenter, ClaimCenter, BillingCenter) used by many insurers and larger brokers worldwide. While primarily focused on primary insurance, its reinsurance and broker-facing capabilities place it as a broad incumbent alternative to WitWorks' vertical SaaS.
• Sapiens International: Sapiens offers a broad insurance software portfolio (policy, claims, billing, reinsurance) serving global insurers and large brokers. While not exclusively focused on reinsurance intermediation, it overlaps with WitWorks in the reinsurance and broker segment and represents a much larger incumbent competitor.
• SAP FS-RI (Financial Services – Reinsurance): SAP's Financial Services – Reinsurance module is used by large global reinsurers and brokers for treaty and facultative accounting, settlement, and reporting. It competes for the same enterprise reinsurance back-office workload that WitWorks targets via its Back-office, Income & Expenses, and Claims modules.

Regional players

• Net Insurance (Italian broker tech): Italy-based Netsystem provides management software for insurance and reinsurance brokers with workflows for policy administration, claims, and accounting. It is comparable to WitWorks in product scope but primarily serves the Italian and broader European broker market rather than Latin America.

Others

• Blue Ribbon Technology: Blue Ribbon Technology is the parent company that develops and sells WitWorks. It is included as a peer because it is a (re)insurance-focused technology vendor in the same region whose brand and capabilities overlap with WitWorks' positioning, even though it is not an external competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/blueribbontechnology

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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 Witworks