Openkoda

Openkoda is a cloud-based policy administration system for insurers, MGAs, brokers, and claims administrators, covering the full insurance lifecycle from product design through underwriting, billing, and claims settlement in one system. An AI product builder lets teams configure new insurance products and pricing rules in plain English rather than through developer release cycles, and a visual workflow engine supports drag-and-drop process design for underwriting and claims. The platform also includes automated document generation, bordereaux reporting for delegated-authority arrangements, and AI-powered reporting that summarizes data in plain English. Openkoda targets P&C insurers, MGAs and coverholders, brokers and agencies, third-party administrators, and embedded-insurance and insurtech companies that want to launch or modernize insurance products without long development cycles. The vendor cites case studies of new products going live within weeks. It can be deployed as a managed cloud service or on-premise, with per-form submission APIs for partner systems, and pricing is a flat monthly subscription rather than a per-seat or premium-percentage fee. Because Openkoda is a specialized, code-owned platform built for regulated insurance operations rather than a general no-code tool, it requires domain-specific setup and is not a fit for teams outside the insurance industry.