OIB Solutions offers a cloud‑native core insurance platform that consolidates underwriting, policy administration, claims, and contract lifecycle management into a single API‑first system. The platform provides pre‑built connectors for conversational AI assistants and embedded e‑signature, enabling insurers, MGAs, and brokers to deliver real‑time digital quoting and online subscription without replacing legacy back‑office processes.
Funding
Funding not disclosed
Founders
Product
Problem
Insurance carriers, MGAs, brokers, and mutuals often rely on legacy core systems that are difficult to integrate with modern distribution channels, such as APIs and conversational AI assistants. This creates friction in quoting, underwriting, and policy lifecycle management, slowing time‑to‑market and limiting digital customer experiences.
Solution
OIB Solutions provides a cloud‑native core insurance platform that unifies underwriting, policy administration, claims handling, and contract lifecycle management in a single system. The platform exposes product, pricing, and business‑rule data through APIs and pre‑built connectors for conversational AI assistants like ChatGPT, Claude, Gemini, and Mistral, enabling real‑time personalized quoting within chat interfaces. Prospects can complete the subscription flow online with embedded e‑signature, while insurers retain their existing back‑office processes without replatforming. The solution is delivered as a turnkey service that can be deployed in weeks, offering end‑to‑end contract management from creation through renewal, endorsement, and cancellation.
Target Audience
Primary customers are insurance carriers, managing general agents, brokerage firms, and mutual insurers seeking to digitize product distribution and streamline policy administration.
Features
- API‑first architecture that integrates product catalogs, pricing engines, and underwriting rules with external channels
- Conversational AI integration allowing personalized quotes and instant online subscription via ChatGPT, Claude, Gemini, or Mistral
- Embedded e‑signature capability for fully digital policy issuance
- Full contract lifecycle management covering underwriting, premium collection, renewals, endorsements, claims, and cancellations
- Cloud‑based deployment with rapid rollout (weeks) and no need for legacy system replacement
- Multi‑tenant support for insurers, MGAs, brokers, and mutuals within a single platform