Additional functionality empowers insurers, brokers, and MGAs

Omaha, Nebraska and Montreal, Quebec – October 22, 2013 – Oceanwide, Inc. (Oceanwide) announced today the launch of a new version of Bridge, the company’s SaaS-based suite of insurance software modules, which includes significant enhancements designed to deliver more control into the hands of business users.

Bridge provides end-to-end processing for property and casualty (P&C) insurance companies, brokers, and MGAs, and includes modules for policy administration (PAS), rating, document/policy production, workflow management, claims, billing, business intelligence (BI), and agent and consumer portals.  Bridge enables easy configuration of insurance products and customization of agent and consumer portals by business users directly through an intuitive, easy-to-use user interface (UI). Product designers can incorporate rich content into a configurable quote-bind-issue-pay interface, all without the high cost or delays of third-party professional services or programming.

“Oceanwide’s mission continues to be delivering SaaS insurance software that does not require customization for insurers to implement and use it,” said Mark Adessky, COO and co-founder of Oceanwide. “Oceanwide clients must be able to respond to market changes and design products that directly address market opportunities quickly and without the typical constraints of custom programming and exorbitant professional services fees the industry has previously been forced to accept. These new enhancements further that mission and the reception from our clients has been extremely positive.”

Oceanwide’s latest enhancements to Bridge allow users to add links, external application programming interface (API) calls and notifications to their workflows, triggered automatically based on user-defined business rules. The Bridge UI now provides configurable workflow widgets that can be included in layouts to highlight key information; actions users can perform, or provide support such as live chat or content for cross-selling. These and other functional enhancements in the release provide Bridge users with expansive control and flexibility in designing the screens and workflows for new or revised insurance products.