How to Choose the Right Policy Administration Software in 2026
A policy administration system decides how fast business changes reach the policies you write. Key 2026 features, a buyer's checklist and 10 systems compared.
Category
Blog
Articles on Blog from the Openkoda team.
Policy Administration
MGA
Best Policy Administration Software Systems for MGAs
MGA policy administration software has to handle binders, referrals, bordereaux and commission for every capacity provider. What to look for, and 10 systems compared.
Buyer's Guide
What Is an Insurance CRM and Which One to Choose in 2026?
An insurance CRM tracks clients, pipeline and renewals. It does not rate an endorsement or bill an installment. Six CRMs compared, and where the policy record lives.
MGA
UK MGA Insurance Market Report 2026
UK MGAs wrote about £7.2bn of premium in 2025, up a fifth. Lloyd's, the FCA, the PRA and the capital behind MGAs spent the same year deciding how much of it to trust.
Comparison
Best Policy Management Software Systems in 2026
Six of the best policy management software systems for 2026, split by what they actually do: insurance policy administration, or internal policy governance.
Mutual Insurance
Mutual Insurance Software: Boosting Efficiency and Transparency
What to actually test in a mutual insurer's policy, claims, billing, portal and reporting systems, and which platforms are worth a shortlist.
Legacy Modernization
Insurance Legacy Systems Modernization: A Phased Strategy
What legacy systems actually cost an insurer, and a five-step route to a configurable PAS that moves one scope at a time while the book keeps running.
MGA
MGA Insurance Software: What a Delegated Authority Program Needs
US MGA premium reached $128bn in 2025. What delegated authority demands of the software underneath it, and what to test before choosing a system.
Comparison
Guidewire Alternative: Openkoda vs. Guidewire for Policy Administration
How Openkoda, a highly customizable PAS with 12 ready modules, compares with Guidewire PolicyCenter on configuration, AI, deployment and ownership.
Comparison
9 Best Insurtech Platforms in 2026
A breakdown of the leading insurtech platforms in 2026, from core systems like Guidewire and Duck Creek to Openkoda, Socotra, Foliume, and HealthEdge.
Guide
How to Build Insurance Applications Faster with a Customizable PAS
Most of a bespoke insurance brief is standard policy administration. Scope the 80/20 split, start from a configurable PAS, and build only the rest.
Product Development
How to Reduce Insurance Product Development Time and Cost
Most of a new insurance product is standard policy administration. Scope the 80/20 split and spend the build budget on what makes the product different.
Guide
Innovative Insurance Products to Introduce in 2026
Where insurers can innovate in 2026: embedded insurance, custom claims and policy apps, AI analytics, personalized products and specialty lines.
Glossary
Insurance Rating Engine
What an insurance rating engine is, the must-have features to look for, the benefits of centralizing pricing logic, and how to integrate it with your stack.
Trends
7 Key Insurtech Trends for 2026
Seven insurtech trends for 2026, from embedded distribution and AI assistants to customizable PAS, self-service, legacy modernization and emerging risks.
Comparison
Salesforce Alternatives for Insurance: Choosing the Right System
Open-source CRM, a simpler commercial CRM, or a policy administration system? Work out which problem you are solving before you compare vendors.
Industry Trends
5 Key Insurance Industry Trends for 2026
Five trends shaping insurance in 2026, from embedded cover and AI at scale to niche products, climate resilience and predictive risk management.
Insurance Software
Custom Insurance Software Development: Pros, Cons & Best Practices
Where a bespoke insurance build earns its cost, where a configurable PAS gets there sooner, and what the next product change will cost you either way.
Buyer's Guide
Life Insurance Policy Administration Software: Features, Top Systems, and How to Choose
What a life PAS has to do over a policy that runs for decades, five systems worth shortlisting, and the three things to test before you sign.
Claims
Claim Denial Rates by Line of Business (2026)
UK motor rejects about 1% of claims. US homeowners closes 31% without payment. The gap is mostly definitional, not behavioural.
Statistics
European Insurance Market Statistics 2026
EEA insurers wrote about 1.6 trillion euros in 2025. The harder question is which countries the number actually covers.
Underwriting
Insurance Expense Ratio and Combined Ratio Benchmarks
The US industry ran a 25.8% expense ratio in 2025. Lloyd's ran 35.6% and made more money. A benchmark is only useful once you know what it is measuring.
Industry Trends
Insurance Industry Ownership: Mutual vs Stock vs MGA Capital
Policyholders may own the insurer. Shareholders may own it. Or an underwriting team builds the product while somebody else carries every pound of the risk.
Statistics
Insurance Retention Rate Benchmarks 2026: By Line, Channel and Renewal Method
Goosehead reported 85% client retention and 90% premium retention for the same year. Neither figure is wrong, and that is the whole problem.
Statistics
Specialty Insurance Statistics and Insights 2026
Global flood losses came in at $3.4 billion against a $15.4 billion five-year average. Swiss Re calls that variability, not a smaller hazard.
Statistics
Takaful Market Size and Growth (2026)
One research firm sizes the global takaful market at $39.6 billion. The IFSB reports $71.1 billion of Islamic insurance assets. Both are right.
Claims
Travel Insurance Claims Statistics 2026: Payouts, Denials and Cycle Times
Medical expenses are about a third of UK travel claims and more than half the money paid out. The averages hide a case that passed a million pounds.
Statistics
Parametric Insurance: Key Statistics and Where it Makes Sense
Jamaica had $91.9 million in hand 14 days after Hurricane Melissa. Sizing the market that paid it is harder: the 2026 forecasts differ five-fold.
Statistics
Property and Casualty Insurance Industry Statistics 2026
US P&C insurers closed 2025 on a 92.9% combined ratio and a $68.7bn underwriting gain. Net income fell anyway. Both numbers are correct.
Statistics
Usage-Based Insurance Statistics 2026
34 million telematics policies are in force across Europe and North America, and roughly 10 million of them are in Italy.
Industry Trends
What the 2026 Climate Reports Mean for Insurance
Hurricane Melissa paid Jamaica's cat bond in full while insurers had their quietest half-year since 2020. The 2026 climate reports say not to trust the quiet.
Industry Trends
The Future of Insurance Technology: Predictions Worth Holding Us To
Insurance technology's flagship future went insolvent in Zurich in 2022. This piece grades the last decade's predictions before making five of its own, each falsifiable.
Statistics
Cannabis Insurance in 2026: The Line Nobody Can Size
No institutional premium series exists for cannabis insurance. What is measurable: licensed businesses are down 13% in two years while property rates rose up to 40%.
Statistics
2026 Cyber Insurance Statistics and Trends
US cyber premium fell 7% in 2024, the first decline in the market's history, while policy count held flat and loss ratios stayed strong. A price correction, not a retreat.
Statistics
Marine Insurance Statistics 2026: A Safer Fleet and a Record Loss
Total losses have fallen by nearly two thirds in a decade. In the same window one container ship cost the market $2.8bn. Frequency and severity have come apart.
AI Insurance
Agentic AI in Insurance: Why Most Pilots Never Reach Production
Only 11% of agentic AI use cases reached production last year. Cigna's claim-denial system got there on 1.2 seconds of human review. What the others did differently.
AI Insurance
AI Agent Insurance Products: The New Wave, and How to Launch One
Insurers spent two years writing AI out of standard policies and building a new market to replace it. Here is what Armilla, Munich Re, AIUC and Testudo sell.
Insurtech
The API Is the Product Now: Why Distribution Buys Integration Speed
A small MGA onboards a new distribution partner in three weeks. Fortune 100 carriers have been at the same problem for two years. Here is where the gap comes from.
Underwriting
Insurance Talent Shortage 2026: Why the Apprenticeship Broke
The retirement wave the industry forecast for years named 2026, and it is 2026. The harder problem is that the junior roles that used to backfill it have gone.
MGA
MGA Market 2026: Growth With Less Pricing Power
US MGA premium grew 12% in 2025 against the wider market's 5%. In the same window AM Best cut its outlook on the channel to stable. Both have one cause.
Innovation
Parametric Insurance Beyond Catastrophe: Cloud Outages, Sensors and AI Performance
Parametric cover used to mean hurricanes and earthquakes. In 2026 it pays out for cloud downtime, shaking at one building, and AI models that stop performing.
Industry Trends
The Two-Speed Market: How to Grow When Property Rates Fall and Casualty Rates Climb
In the same quarter, US property rates fell 13% and US casualty rates rose 7%. Calling that a soft market is costing people money. Here is what each half is doing.
Glossary
Vendor Lock-In
What vendor lock-in means, the forms it takes in insurance software, what it costs, and how portable configuration, published pricing and on-premise deployment let you avoid it.
Claims
Best Claims Management Software Solutions in 2026
The best claims management software solutions for 2026, comparing Openkoda, Duck Creek, FileHandler, Guidewire ClaimCenter, Origami Risk, and Snapsheet.
Buyer's Guide
Top 10 Best Insurance Policy Administration Software
A 2026 rundown of the leading insurance policy administration systems, from Guidewire and Duck Creek to Openkoda, with strengths and ideal use cases.
Claims
Insurance Claims Management Software Explained
What insurance claims management software is, its must-have features, ready-made vs. custom approaches, and the key criteria for choosing the right platform.
Policy Admin
Policy Management Software Guide
Definition, key features, and buying advice for insurance policy management software, plus how custom, off-the-shelf, and insurtech platform approaches compare.
Policy Admin
Policy Administration Software (PAS): Complete Guide
What policy administration software is, its core functionalities, common legacy challenges, and how to choose between custom and out-of-the-box solutions.
Statistics
AI in Insurance Industry: Statistics, Trends, Adoption, and Investments (2026)
Market size, adoption rates, ROI data, and funding trends showing where AI is delivering real value across the insurance industry in 2026.
Statistics
Car Insurance Statistics and Facts (2026)
The latest car insurance data showing how premiums vary by state, age, gender, and vehicle brand, plus what's driving rising costs in 2026.
Statistics
Embedded Insurance Statistics and Market Dynamics (2026)
Market size, growth rates, regional dynamics, and product-line data showing how embedded insurance is reshaping distribution through 2034.
Trends
Insurance Industry and Insurtech Trends for 2026
The five insurtech trends shaping 2026: embedded distribution, targeted generative AI, parametric insurance, digital twins, and specialty lines.
Statistics
Life Insurance Statistics and Trends (2026)
Market size, ownership rates, the protection gap, product mix, and average costs shaping the global life insurance market in 2026.
Statistics
Pet Insurance Statistics, Facts and Trends (2026)
Pet insurance is scaling fast: North American premiums topped $5.2B in 2024 and the global market is projected to reach ~$79.6B by 2033.
Buyer's Guide
Claims Routing Tool: Buyer's Guide for 2026
How claims routing actually works, the capabilities worth testing, and eight systems that handle assignment and escalation differently.
Buyer's Guide
Best MGA Insurance Software Systems in 2026
How to evaluate MGA insurance software for delegated authority, plus a comparison of Openkoda, Guidewire, Genasys, SANDIS, and Expert Insured.
Buyer's Guide
Top 10 P&C Insurance Software Vendors in 2026
A rundown of the top 10 property and casualty insurance software vendors shaping 2026, from Guidewire and Openkoda to Duck Creek and Majesco.
AI
Generative AI Use Cases in Insurance Industry
Where generative AI actually delivers value in insurance today, what early pilots taught the industry, and how to adopt it responsibly.
Comparison
Top 5 Insurance Core Systems in 2026
The five leading insurance core platforms of 2026 compared: Openkoda, Insurity Sure Suite, Guidewire, Duck Creek and BriteCore.
Checklist
7 Step Checklist for Insurance MGA Software Modernization
A step-by-step checklist for MGAs modernizing their core systems, covering goals, audits, integration, flexibility, platform choice, data and change management.
Comparison
Top 10 Insurance Software Development Companies (2026)
The ten best insurance software development companies for 2026, from Openkoda and Stratoflow to Guidewire, Duck Creek, Sapiens and Insurity.
Comparison
Top 10 AI Reporting Tools in 2026
Ten AI-powered reporting tools reshaping data analysis in 2026, from Openkoda AI Reporting and Tableau to Domo, Glean and ChatGPT.
Comparison
Best Low Code Platforms For Insurance in 2026
Four low-code platforms for insurance - Mendix, OutSystems, Appian and Pega - plus an honorable mention for Openkoda, a highly customizable PAS.
Guide
Accelerating Insurance Digital Transformation: 2026 Outlook
What digital transformation really means for insurers in 2026: drivers, benefits, common roadblocks and real-world examples across the value chain.
Takaful
Takaful: Complete Guide to Islamic Insurance
What takaful is, how the Islamic model of insurance works, its key Sharia principles, and the software takaful operators need.
Takaful
Takaful Core Administration System: Complete Guide
What makes a takaful core administration system different, and the Sharia-compliant AMS features you need to build a scalable operation.
Claims Management
How to Streamline Claims Processing with a Customizable Claims Management Dashboard
A step-by-step tutorial on building and customizing an insurance claims management dashboard in Openkoda, from intake to settlement.
Agency Management
Complete Guide to Insurance Agency Management System (AMS)
What an insurance agency management system is, its key benefits and features, and how to build your own bespoke platform with Openkoda.
Underwriting
How to Streamline Quote Analysis With Customizable Underwriter Dashboard
A step-by-step guide to building an adaptable underwriter dashboard in Openkoda that streamlines quote analysis and risk assessment.
AI Analytics
AI-Driven Insurance Analytics: Faster, Better, Smarter
How AI-driven analytics makes insurance data analysis faster, better and smarter across pricing, underwriting, claims and fraud detection.
Innovation
Driving Insurance Innovation: Key Trends and Strategies
The key insurance tech trends for 2025 and a three-step strategy for turning bold ideas into successful, scalable insurance products.
Document Management
Guide to Insurance Document Management Systems
What an insurance document management system does, how to choose one, and the key features to look for when digitizing your paperwork.
Underwriting
Understanding Automated Underwriting System
How automated underwriting systems work, why fast customization matters, their key benefits and limitations, and the future role of human underwriters.
Data & Analytics
Data-Driven Insurance: Opportunities and Common Issues
How insurers turn customer data into precise risk assessment, personalization, and growth - plus the collection, processing, and security challenges to expect.
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