Insurtech Platform
An insurtech platform is a digital environment for creating, managing, and distributing insurance products, unifying underwriting, policy admin, and claims.
Category
Glossary
Articles on Glossary from the Openkoda team.
Glossary
Glossary
Insurance Form Builder
An insurance form builder lets teams create, manage, and deploy digital insurance forms - quotes, claims, applications - with logic, validation, and integrations.
Glossary
Claims Management System (CMS)
A claims management system helps insurers organize, track, and speed up handling claims from first notice of loss through investigation to final settlement.
Glossary
Policy Administration System (PAS)
A policy administration system manages the full policy lifecycle - issuance, endorsements, renewals, billing, and documents - as the core of insurance operations.
Glossary
RBAC vs ABAC
RBAC grants access by predefined roles, while ABAC evaluates user, resource, and context attributes for dynamic, fine-grained access control.
Glossary
Insurance Audit Trail
An insurance audit trail is a chronological record of who did what and when across systems, protecting data integrity, transparency, and compliance.
Glossary
Insurtech
Insurtech is the application of modern digital technologies - AI, cloud, analytics, and APIs - to modernize and transform the insurance sector.
Glossary
Insurance Billing System
An insurance billing system manages end-to-end billing for policies, from invoicing and payment processing to receivables, refunds, and adjustments.
Glossary
Insurance Endorsement
An insurance endorsement is a formal amendment that updates an existing policy's terms, scope, or conditions without issuing a new contract.
Glossary
Bordereau Insurance
What a bordereau is in insurance and reinsurance, its origins, the main types (risk, premium, claims), and the operational challenges of bordereau processing.
Glossary
Property and Casualty Insurance
What property and casualty (P&C) insurance covers, its key types from homeowners to auto and general liability, and its main benefits for people and businesses.
Glossary
Parametric Insurance
How parametric insurance pays out on predefined event triggers instead of assessed losses, how it compares to traditional cover, and its key benefits.
Glossary
Usage-Based Insurance
How usage-based insurance (UBI) prices premiums on real driving behavior via telematics, the factors that shape your score, and market growth statistics.
Glossary
Marine Cargo Insurance
What marine cargo insurance covers, who needs it, the main policy types (ICC A/B/C, single voyage, open cover), and key contract requirements.
Glossary
Crop Insurance
How crop insurance protects farm production and revenue, its history and types (MPCI, crop-hail, revenue), what it costs, and why it's a specialty line.
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.
Glossary
ACORD Form
What ACORD forms are, why certificates of insurance matter, where to find them, and the most common ACORD form types used across the insurance industry.
Glossary
Managing General Agent (MGA)
What a Managing General Agent is, how delegated underwriting authority works, and how MGAs differ from insurance brokers within the distribution chain.
Glossary
Insurance Agent Portal
An agent portal is a secure web application giving licensed insurance agents access to the tools and data they need to run their business.
Glossary
First Notice of Loss (FNOL)
First Notice of Loss (FNOL) is the initial report to an insurer that an event happened, marking the official start of the claims process.
Glossary
Insurance Broker Portal
An insurance broker portal is a secure, multi-carrier workspace for placing and servicing policies end-to-end.
Glossary
Insurance Rules Engine
How a business rules engine automates underwriting, rating, eligibility, and claims decisions in insurance with speed, consistency, and full auditability.
Glossary
Certificate of Insurance (COI)
A certificate of insurance is a short, standardized document proving that an individual or business holds active insurance coverage.
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