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Openkoda

Openkoda is an open-source insurtech platform for building and scaling insurance applications with full customization and no vendor lock-in.

Introduction

Openkoda is a low-code platform designed to accelerate the development and modernization of insurance applications. It provides a set of pre-built templates, customizable features, and a modular architecture, enabling insurance companies and startups to build and scale modern systems efficiently.

Key Features:

  • Open-Source Core: Full access to the codebase, ensuring no vendor lock-in and complete control over customization.
  • Pre-Built Insurance Templates: Ready-to-use templates for claims management, policy management, and embedded insurance.
  • Modular Architecture: Build only the necessary features, with the ability to add or remove modules as business needs evolve.
  • API-First Integrations: Seamless integration with existing systems via REST/GraphQL APIs, webhooks, and authentication tools.
  • Reporting AI: Built-in AI capabilities for reporting, data visualization, and automated insights.
  • Unlimited Users: Fixed pricing with no per-user fees.

Use Cases:

  • New Insurance Application Development: Accelerate the creation of custom insurance applications with pre-built functionalities.
  • Legacy System Modernization: Update, migrate, or re-platform outdated insurance software.
  • Insurance Product Launch: Quickly build, validate, and scale new insurance products with minimal effort.
  • Embedded Insurance: Integrate insurance offerings into digital journeys with backend logic, APIs, and UI components.
  • Claims Management Automation: Automate and streamline the claims lifecycle with a pre-built claims engine and customizable workflows.

Alternatives

  • Duck Creek Technologies

    Duck Creek offers a comprehensive suite of insurance software solutions, including policy administration, billing, and claims management, making it a strong alternative for established insurers.

  • Guidewire

    Guidewire provides a cloud-based platform for property and casualty insurers, offering robust functionality and scalability for core operations.

  • EIS Group

    EIS Group's platform offers a customer-centric approach to insurance, with capabilities for digital engagement and personalized experiences.

  • FINEOS

    FINEOS focuses on providing core processing solutions for life, accident, and health insurance, offering a specialized alternative for these lines of business.

  • Majesco

    Majesco offers a range of insurance software solutions, including policy administration, billing, and claims, with a focus on digital transformation.

  • INSTANDA

    INSTANDA is a no-code platform that allows insurers to rapidly build and launch new insurance products, offering flexibility and speed to market.

  • bolttech

    bolttech provides a technology-enabled ecosystem for insurance, connecting insurers, distributors, and customers to simplify the insurance process.

  • Cover Genius

    Cover Genius offers embedded insurance solutions, enabling businesses to seamlessly integrate insurance into their existing platforms and customer journeys.

  • Lemonade

    Lemonade provides a modern, AI-powered insurance experience, focusing on simplicity and customer satisfaction.

  • Shift Technology

    Shift Technology offers AI-powered fraud detection and claims automation solutions, helping insurers improve efficiency and reduce losses.

User Reviews

4.9/5.0
(14reviews)
Click stars to rate

Pricing

Pricing Model: Subscription

Openkoda Core Open-Source

Our free, open-source edition

Free

Openkoda Enterprise: Managed Cloud or Self-Hosted

Starts at $4,000 / month* (* depends on the number of instances, annual contract)

$4,000 / month*
monthly

FAQ

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