OKAYO

OKAYO is a back-office insurance management software designed to optimize the time to market for mid-sized insurance companies. According to the vendor, this software offers an efficient and highly configurable interface that does not require technical expertise. It provides comprehensive back-office management capabilities, including document management, reporting, CRM, and document generation, all in one platform. The vendor claims that OKAYO supports multi-entity, multi-channel, and multi-product management, allowing insurance companies to effectively manage distribution and commission schemes across different platforms.

According to the vendor, OKAYO ensures the mastery of insurance processes while leveraging technological excellence. It offers a scalable and high-performance solution that integrates seamlessly with existing systems. The vendor states that OKAYO supports proven technological standards and allows for flexibility in choosing document management systems and databases. With its lightweight deployment and widespread use of web services, OKAYO aims to promote digital transformation in insurance operations.

OKAYO provides complete management of insurance processes, including contract management, claims management, accounting, and workflow automation. According to the vendor, it offers a comprehensive set of features to support the end-to-end operations of insurance companies.

The vendor claims that OKAYO enables integration with external systems through its API, allowing for seamless data exchange with other information systems. It also allows for the connection of external data sources to serve as a reference repository, enhancing data accuracy and accessibility.

OKAYO supports complex legal structures, enabling insurance companies to manage multiple entities effectively. According to the vendor, it allows for different access rights for each entity, as well as the management of separate chart of accounts and data segregation rules. It also facilitates the management of commission schemes and revenue sharing across different structures.

To ensure compliance with regulatory standards such as Solvency II, DDA, LCB-FT, and GDPR, OKAYO provides traceability and auditability of data. The vendor states that it includes the ability to block and alert on external data flows. According to the vendor, OKAYO also allows for the consultation and analysis of external data, as well as the reintegration of external data into the back-office management system.