Openkoda Announces the Release of Openkoda 2.0

Openkoda announces the release of Openkoda 2.0, an enterprise platform for building modern insurance applications powered by Generative AI and pre-built application templates to accelerate the implementation of new insurance products and distribution channels.

Openkoda empowers insurance and insurtech companies to prototype and deliver new applications at scale, facilitating integration with a growing ecosystem of specialized insurtech services without proprietary lock-ins.

Openkoda 2.0 introduces new application templates for embedded insurance, risk assessment, and policy & claims management solutions.

The new Reporting AI feature enables decision makers to identify actionable insights directly from their business data using natural language. This eliminates the need for external reporting tools and manual database queries.

The insurance sector is entering a period of unprecedented change. An expanding insurance gap, an aging population, extreme climate events, unconventional risks such as cyber-attacks, and shifting consumer behaviors are placing immense pressure on the industry.

This transformation presents a tremendous opportunity for modern insurers to introduce highly-tailored products delivered through direct distribution models and an entirely new wave of loss prevention services.

Openkoda's founders, Arkadiusz Drysch and Michal Glomba, have been delivering powerful enterprise software to leading names in insurance and finance for more than two decades and have faced the same challenge time and time again: "Why is this taking so long?" and "Why is it so difficult to customize?"

"We knew there had to be a more efficient, flexible approach that didn't sacrifice quality. We decided to create a platform that transforms how enterprise applications are developed - one that's faster, highly adaptable, and upholds the rigorous standards of financial industries." says Arkadiusz Drysch, CEO and co-founder.

"Openkoda is a foundational platform for the modern insurance business. Our goal is to support insurance and insurtech companies in this transformation by enabling them to build highly personalized products and new distribution channels faster - much faster than traditional software platforms allow," says Michal Glomba, co-founder of Openkoda.

Existing insurance application platforms are often subscription-based systems with user-based pricing and proprietary technologies, resulting in strong vendor lock-in and dependency on external partners. This setup can restrict flexibility, slow down innovation, and expose businesses to potential continuity risks.

"One of our primary objectives is to enable insurance companies to build open, scalable applications using a popular technology stack, while retaining full ownership and control over their applications and customer data," adds Arkadiusz Drysch.

Openkoda 2.0 was released in two editions, Core and Enterprise. The Core edition let insurance companies adopt and extend the platform with their existing teams, without a steep learning curve. (Openkoda is now sold as three plans - Business, Enterprise and On-Premise; see pricing.)

Openkoda Enterprise built on that foundation, adding features such as Reporting AI, a Development Kit UI, custom dashboard builder, data-driven document generation, and advanced multi-tenancy and clustering features - enabling insurers and insurtech companies to deliver and scale their applications faster.

Openkoda applications can be deployed on the Openkoda Managed Cloud or within a company's private cloud, allowing insurers the flexibility to select an option that best meets their specific security, compliance, and resource needs.