Openkoda - 2026 Pricing, Features, Reviews & Alternatives

Openkoda is a policy administration system (PAS) for P&C insurers, MGAs, insurtechs and other insurance businesses that need a complete core without giving up the freedom to shape it. The platform comes ready to run the whole insurance lifecycle, and nearly everything in it can be configured to fit unusual products, specific distribution partners and your own way of working.

Organizations use Openkoda to launch new insurance products, run MGA and embedded insurance programs, and replace legacy policy systems one line of business at a time. Because product, pricing, underwriting, policy, claims and billing share one data model, a bind, an endorsement, a claim and a payment all update the same record in real time.

What's included:

- Product and rating configuration with multi-dimension rating tables, formulas, taxes and fees, and effective-dated rate changes

- Underwriting rules that auto-issue straightforward business and refer the rest to a shared queue and underwriter workbench

- Policy administration covering quote, bind, issue, endorse, renew, cancel and reinstate, with 360-degree policy, customer, claim and billing views

- Claims management from first notice of loss through reserves, payment approvals, recoveries and closure

- Billing with payment plans, invoicing, automated reminders and retries, card payments and commission tracking

- Document generation from branded templates, with documents filed against each policy or claim

- Visual workflow engine for designing and simulating quote, referral, issuance and renewal processes

- Branded quote forms, embeddable widgets and client and broker portals for distribution

- Role-based dashboards, Excel export and carrier-ready premium and claims bordereaux

- In-app chat, tasks and notifications on every record

AI built into daily work:

- AI Product Builder: build or change a product from a plain-English brief or a requirements document, then review and approve each change

- Reporting AI: ask questions about your book in plain English and get reports and dashboards

- Underwriting copilot: see the factors that matter on each referred case

- AI document reading: extract details from submissions and attachments for a person to check

- MCP server: work with the platform from AI assistants such as Claude, with every action confirmed and audited

Configuration first, code where needed:

- Products, pricing, rules, workflows, forms and documents are configured by business users rather than developers

- Every product change creates a new version, so in-force policies keep their original terms

- Bespoke requirements can be built as extensions on the same platform, by your team or by Openkoda's team

- Five complimentary days of configuration analysis are included on every plan

Integration and control:

- REST APIs, webhooks and a submission API on every form connect CRMs, payment providers, data sources, carriers and partner systems

- Multi-tenancy runs several brands, programs or partners on one deployment with strict data isolation

- Field-level role-based access and a full audit trail support compliance and internal audit

- ACORD-aligned data model

- Openkoda Managed Cloud or on-premise deployment in your own infrastructure and region

- Configuration and data can be exported at any time

- Flat, published pricing with unlimited users, no per-seat fees and no percentage of premium