Openkoda Insurtech Platform Reviews & Product Details

Openkoda is a customizable policy administration system (PAS) for insurers, MGAs and insurtechs that want to launch and run insurance products on their own terms, without vendor lock-in. The whole insurance lifecycle is ready from day one: product and rating, underwriting, policy administration, claims, billing, documents, bordereaux and reporting, all on one data model. Instead of spending months on foundations, you configure your products, test markets, sign partners and start writing premium while competitors are still scoping requirements. Products, pricing, rules, workflows and forms are configuration, not code. Describe a product or a change in plain English and the AI Product Builder drafts it as a reviewable change-set your team approves. Every change is versioned, so policies in force keep the terms they were bound under. Role-based access down to field level, a full audit trail and strict data isolation between organizations are built in, giving compliance officers, carriers and partners confidence as you scale. Flat, published pricing includes unlimited users, with no per-seat fees and no percentage of premium. Adding agents, brokers, embedded partners or new programs doesn’t blow up your budget. REST APIs, webhooks, a submission API on every form and an MCP server for AI assistants let Openkoda run alongside legacy cores or modern SaaS. Modernize one line at a time, launch new ventures or power white-label programs: the platform adapts to your strategy, not the other way around. Your configuration and data are yours. Run Openkoda fully managed or on-premise in your own environment. The business impact: - Faster revenue: launch products in weeks, not quarters. - Lower TCO: flat pricing and nothing proprietary to learn or hire for. - Strategic freedom: exportable configuration and data, managed or on-premise. - Future-proof innovation: AI across the platform, with a person approving every change. Key strengths at a glance: - Complete PAS: rating, underwriting, policy, claims, billing, documents and bordereaux in one platform - AI Product Builder: build and change products in plain English, with human review - Reporting AI: ask questions about your book and get reports and dashboards instantly - Underwriting copilot and AI document reading to speed up decisions and intake - Enterprise-grade security: field-level access control, audit trail, tenant isolation - Multi-tenant: run multiple brands, programs or partners on one platform - API-first: REST APIs, webhooks, submission APIs and an MCP server Unlimited users and flat pricing: scale distribution without runaway license costs