Smart Configuration and Flexibility Key to Decision
Montreal, Quebec – February 28, 2017 – Oceanwide, an Insurity company and developer of industry-leading, configurable, SaaS based insurance software, today announced that Florida-based insurer Weston Insurance Company (Weston), has selected Oceanwide’s Bridge Insurance Software Suite to supports its existing Florida and Texas books of business, as well as possible expansion to three other states in which Weston is licensed. Weston will be using Bridge Portal, Bridge Policy and Bridge Billing.
Weston is a focused windstorm insurance specialist and insures homes and businesses for losses from hurricanes, tornadoes, other windstorms and hail. With Bridge, Weston will be moving to a more modern SaaS based solution. Bridge’s powerful Smart Configuration and SaaS model will allow Weston to more cost effectively process changes for its existing markets, while having the ability to quickly and effectively support new markets.
“The Weston team is very pleased to be working with Oceanwide. We have been impressed by the agility and inherent flexibility of their systems, including the Bridge Insurance Software Suite. This should enable us to quickly adapt our business processes and workflows, as well as bring new products to market more efficiently and cost-effectively,” said Michael Lyons, Chief Executive Officer, Weston Insurance Company.
“We’re excited to have Weston as a customer. Bridge is the right solution to enable Weston to be more agile and flexible in managing their business. The SaaS model combined with our Smart Configuration are a perfect fit for Weston’s needs. We look forward to helping Weston achieve their business goals,” said Mitchell Wasserman, Chief Executive Officer, Oceanwide.
Oceanwide’s Bridge Insurance Software Suite is specifically designed to streamline processing for property and casualty (P&C) insurers, brokers, and MGAs. Bridge features Smart Configuration (no programming or scripting) to provide a system that is configurable by business users. Bridge enables a high degree of self-sufficiency, and can handle multi-lingual and multi-currency transactions.
Oceanwide, an Insurity company, delivers SaaS core processing solutions to property and casualty (P&C) insurers of all sizes to enable faster reactions to market changes, easy configuration and management of new and existing products for increased speed and lower costs across all lines of business, virtually eliminating professional service fees. Web-enabled and fully-configurable by end users without custom programming, Oceanwide’s insurance software solutions automate core administration (policy, billing, and claims), as well as underwriting, document generation, agent/consumer portals and reporting. Globally, Oceanwide’s software fills gaps in existing legacy systems and provides a modern, end-to-end solution for insurers. For additional information, please visit the Oceanwide website at www.oceanwide.com, or call (888) 289-7744.
About Weston Insurance Company
Weston Insurance Company is a focused insurance specialist, providing coverage for losses from the perils of windstorms or hail. Based in Coral Gables, Florida, Weston is dedicated to helping businesses and individuals achieve financial security by providing access to cost-effective coverage and responsive, high-quality client service. Building on our executive team’s nearly 100 years of collective experience in insurance and reinsurance, Weston strives to offer the most consistent and cost-effective windstorm insurance protection available in the markets we serve.