Oceanwide, a developer of cloud-based software solutions for the insurance industry, and Appulate, a provider of forms parsing and data bridging technology, announce a partnership in which Oceanwide will offer Appulate Uplink as an integrated component  of Bridge,  its multi-line policy administration and distribution  product.

The partnership will enable Oceanwide to offer its customers best-of-breed connectivity to agency management systems to help reduce data entry. In turn, Appulate will gain a distribution partner that offers a far broader solution for insurance carriers.

Uplink is a middleware product that can bridge data from the agent's internal management software or be used by a carrier as a back-office forms parsing tool. It allows ACORD data to be moved throughout the submission workflow to improve efficiency, and reduce the time associated with completing carrier application forms without the costly transaction fees associated with other solutions. When integrated with Oceanwide Bridge, the solution provides carriers- with a complete insurance distribution system that automates the entire submission workflow from quote generation to binding and issuance.

 “With this partnership, Oceanwide is able to offer its customers an affordable turnkey solution for agent connectivity that will streamline productivity throughout the insurance placement process, something that no other vendor in our space can offer,” says Mitchell Wasserman, CEO at Oceanwide. “This is yet another example of how our cloud-based solution can offer all the features and power of traditional deployed policy administration and portal software without the usual exorbitantly high professional services cost and associated risks.”

“The industry has been vocal about the need to increase connectivity between the stakeholders and through this partnership, we are able to offer carriers a great way to do that,” says Dimitri Nikouline, Chief Technology Officer and Co-Founder at Appulate. “We look forward to a great partnership that will benefit Oceanwide's customers.”

NOT FOR REPRINT

© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.