
Origami Risk Profiled in Celent's 2025 Policy Administration Systems Vendors Report
CHICAGO--(BUSINESS WIRE)--Origami Risk, the industry-leading P&C insurance, risk and safety Software-as-a-Service (SaaS) technology cloud platform, has been profiled in Celent's widely respected Policy Administration Systems Vendors: North American P&C Insurance 2025 report.
'This recognition reflects our ... dedication to creating solutions for our clients in the insurance industry. We are grateful for the trust our clients place in us and remain committed to delivering innovative solutions for the P&C market.' – Mike Kaplan Share
In the report, Celent, a renowned research and advisory firm specializing in financial services technology, identified several strengths of Origami's policy administration system, including:
A clean and configurable user interface, which offers '... features to make user tasks faster, easier, and more convenient'; they include: '... dashboards that can be customized down to the user level with a variety of embedded tiles to present information and common transactions.'
Ready access to pricing calculations by clicking 'through to view rating worksheets, and if rating factors are toggled these sheets will dynamically update....'
Robust features for user groups and roles that 'allow system actions, reports, and transactions to be permissioned down to the user level.'
'Celent is delighted to recognize Origami as a Functional Standout in Celent's Technical Capability Matrix for policy administration systems. To assess vendors for the report, Celent conducts comprehensive RFIs and market analysis, reviews vendor demonstrations within multiple scenarios, and looks for evidence of continual investment in innovation,' said Karlyn Carnahan, Head of Celent's North American Insurance practice. 'The Origami platform's roots as a risk management information system mean that its features for loss control, premium audit, and workers' compensation claims are especially strong.'
'We are honored to be profiled by Celent in their prestigious Policy Administration Systems Vendors report,' said Mike Kaplan, president, Core Solutions for Origami Risk. 'This recognition reflects our company's dedication to creating solutions for our clients in the insurance industry. We are grateful for the trust our clients place in us and remain committed to delivering innovative solutions for the P&C market.'
The report is now available on Celent's website.
Origami Risk offers a full suite of end-to-end, integrated SaaS solutions for policy, rating, billing, loss control and claims administration, reporting and analytics, along with a full-service bureau content management solution and a comprehensive digital engagement experience for all internal and external stakeholders.
About Origami Risk – Core Solutions Division
Origami Risk provides integrated SaaS solutions that simplify insurance, risk, and safety for insurers, managing general agents (MGAs), program administrators, third-party claims administrators (TPAs), risk pools, brokers and more. Origami Risk delivers its highly configurable and completely scalable integrated insurance core system, risk management and safety solutions from a secure, multi-tenant platform accessible via web browser and mobile app. Visit origamirisk.com or contact Origami at info@origamirisk.com.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 days ago
- Yahoo
Reimagining AI to Discover the Art of the Possible in Wealth Management
EDISON, N.J., June 25, 2025 /PRNewswire/ -- Mike Tropeano, CFA, AIF – Senior Vice President, Fi-Tek We have moved past the hype and are arriving at the point where Artificial Intelligence (AI) will have a significant impact on how we do our jobs. Sitting on the sidelines is no longer an option. Celent reported that 62% of wealth managers in the US are either in production, piloting, experimenting, or exploring use cases with generative AI. Engagement is not limited to large firms, with 50% of organizations between $1B–$20B doing something related to AI. Still have doubts? Data from IoT Analytics and BCG found that in the final quarter of 2024, mentions of AI agents on earnings calls increased more than 330% year over year. Progress is not without challenges. Questions about the accuracy of the results, cost of the solution, nervousness about the privacy of data, and the lack of clear regulations on the use of AI technology have held some back from diving deeper into AI. This shouldn't stop you from understanding what AI is and how it can impact your organization. Harvard Business School professor Karim Lakhani summed it up well:"AI won't replace humans, but humans with AI will replace humans without AI."Not learning more about what the future holds and developing a strategy only puts you further behind. How Can AI Transform and Become Impactful? Addressing the challenges and clearly defining your value proposition will show how AI can help you improve client engagement and become more efficient in the front, middle, and back offices. We know that leveraging data is the key to delivering actionable and strategic insights for use within your organization. Your firm possesses massive amounts of data, which delivers no value when it is at rest. What are some of the use cases where you can put your data to work? Transforming Client Engagement Through Hyper-Personalization Improving the client experience requires a fundamental change from reacting to anticipating a client's needs. Orion's Investors Survey found that the top two ways an advisor can enhance the client experience is through communication and personalized services. Both can be achieved by improving the way you use the data that you have within your ecosystem. We need to anticipate the client's need and bring them to where they want to go. It comes down to improving how we make them feel like a segment of one. More specifically, organizations can increase scale by using generative AI solutions to support the automation of some client communications, leveraging virtual assistants to synthesize large data sets, and deploying predictive analytics through advisor dashboards to deliver the next best action. Machine learning is another way to personalize online engagement, including the delivery of custom insights. Driving Scale Almost all firms are under pressure to become more efficient to address shrinking margins, an aging workforce, and key talent risk. We need to think about how we can improve the effectiveness of traditional automation tools, including expanding the capabilities to address tasks that have been traditionally manual. Optical Character Recognition (OCR) has been in place for many years. Improvements in accuracy have allowed it to become a bigger part of mainstream technology. Combining OCR with Robotics Process Automation (RPA) or using OCR to feed a transactional API provides the beginnings of an intelligent automation solution. Improving Your Control Framework It is a constant battle to stay one step ahead of the fraudsters. As soon as a gap is closed, they find another vulnerability. Organizations are looking for AI-based solutions to develop a stronger control framework and quickly detect anomalies that could be fraudulent transactions. We rely on humans or rules-based engines to detect irregularities. This only works when datasets are manageable, predictable, or we know what to detect. Schemes to defraud investors are becoming more complex. Deploying multifactor models and predictive analytics can assist in understanding patterns of behavior and provide insights into a potential fraudulent transaction or the detection of a bad actor. What Do You Need to Consider? Transforming through emerging technology can be stressful. Simplifying your goal makes the first step easier. Consider starting with defining your organizational value statement for utilizing AI. Focus on the objective versus the outcome as the first step in developing a strategy. As you move forward, leverage a role-based design rather than taking a task-based approach to quantifying what you want to achieve. Work to identify your targeted use cases, prioritizing higher impact, lower effort. This will support the delivery of a more efficient operating model and allow for similar tasks to be solved together. After you establish the foundation, the work continues. Assess the Regulatory Environment and Internal Compliance Requirements At this point, organizations should have a policy defining appropriate uses for AI. This may be as simple as: the use of AI is strictly forbidden, is limited to certain functions, and/or requires a set of disclosures. More specifically, you need to define your plan to supervise the use of AI across your organization. When you deploy an AI-based solution, there needs to be a plan to identify and mitigate associated risks such as accuracy or bias. Understand that this document will be fluid as the regulatory environment matures. While we do not have a fully defined regulatory framework, there are existing laws, regulations, and guidance that are applicable. Regulations exist for the protection of personally identifiable information (PII), your duty as a fiduciary, and what needs to be disclosed when using third-party information. Regardless of how the task is accomplished, the regulatory guidance stays the same. As solutions are deployed, you will want to consider how to use that tool and still ensure compliance with applicable regulatory requirements. Get Your Data in Order The ability to analyze large data sets is core to the value of artificial intelligence. Success depends on ensuring that the data used is accurate and available. It seems simple; however, many organizations struggle to identify a gold copy for some information and, if they have one, the accuracy can come into question. Data governance is a process that is consistently discussed, however, few implement. Gaps in quality and quantity can lead to hallucinations or misinterpretations. You will also need to clearly define what data is needed. Bigger is not always better. Narrowing the scope to only the important data elements not only makes the integration easier, it also limits what could be exposed should a bad actor gain access to your information. Understand Your Partner's Plan to Integrate AI Lack of resources and subject matter expertise are two of the top reasons why most organizations fail to adopt emerging technologies. Regardless of size, many firms need to rely on partners to help deploy innovative solutions. AI is maturing at a rapid pace. Innovative firms have both a strategy and results they can point to on how they are using AI to improve their products. Interested in finding out more? Reach out to the Fi-Tek team. Media ContactsArpita ChatterjeeDirector of Marketing and Strategic Alliance, Fi-Tek732-632-8167AChatterjee@ View original content to download multimedia: SOURCE Fi-Tek LLC
Yahoo
4 days ago
- Yahoo
Cherokee Insurance Company Selects Origami Risk's Cloud-Native Core P&C Platform to Transform Policy Admin, Billing and Claims
STERLING, Mich., June 24, 2025--(BUSINESS WIRE)--Cherokee Insurance Company, which provides a spectrum of casualty insurance coverages to transportation companies across the U.S. and Canada, today announced a major upgrade to its core processes with the selection of Origami Risk's cloud-native Software-as-a-Service (SaaS) platform for policy administration, billing and claims. "Origami's versatile, state-of-the-art solution will enable us to transform the core processes supporting all our business lines," said Brennan Lee, Executive Vice President, Cherokee Insurance. "In addition to gaining speed, efficiency and enhanced decision-making, we expect our adoption of Origami's scalable platform will enable us to deliver elevated service to our policyholders, agents and business partners throughout the U.S. and Canada." "We're pleased that Cherokee Insurance has selected our full suite of solutions, which facilitates more robust integration that will enable their teams to quickly achieve wider efficiencies across all their core processes," said Mike Kaplan, Chief Client Officer, Origami Risk. "Origami's innovative solutions have been developed to help carriers and other insurance providers drive efficiencies across critical functions, meet customer needs and improve overall performance." Origami Risk offers a full suite of end-to-end, integrated SaaS solutions for policy, rating, billing, loss control, claims administration, reporting and analytics. It also offers a full-service ISO and NCCI bureau content management solution and a comprehensive digital engagement experience for all internal and external stakeholders. About Cherokee Insurance Company For over 25 years, Cherokee Insurance Company has protected transportation businesses with our broad range of property and casualty insurance products. Cherokee is currently licensed by 47 states and the United States Department of Treasury. In addition, Cherokee's Canada Branch has Canadian federal and provincial insurance authorities. Since 2010, Cherokee's A.M. Best Company rating has been "A" (Excellent); the "A" rating is an independent opinion of Cherokee's financial strength and ability to meet ongoing insurance obligations. Cherokee currently manages over three quarters of a billion dollars of invested assets and writes over a quarter billion dollars in premiums annually. About Origami Risk Origami Risk empowers leaders in insurance, risk, and safety with a purpose-built, cloud-native platform that optimizes workflows for better data, better insights, and better collaboration. Through highly configurable solutions integrated on a single platform, Origami Risk supports the management of the full lifecycle of risk, from prevention to recovery — helping the experts reduce harm and loss, and respond more rapidly and effectively when it happens. Grounded in continuous innovation and a foundational focus on client success, Origami Risk is trusted by leading organizations to enable greater resilience as they build for the future. For more information, visit View source version on Contacts Al Modugno, 917-414-4569,
Yahoo
19-06-2025
- Yahoo
BMO Recognized with 2025 Celent Model Bank Award for Payments Innovation
TORONTO and CHICAGO, June 19, 2025 /CNW/ - BMO today announced it has received the 2025 Celent Model Bank Award for Payments Innovation for five digital payments and client experience initiatives across Canada and the U.S. Digital Card Controls Suite – Canada: BMO Digital Card Controls Suite is a quick solution for clients facing pressing issues such as a lost wallet, damaged cards, or forgotten PINs. With this convenient solution, clients are empowered to manage their cards anywhere and at any time. Unified Push Provisioning – Canada: BMO's Unified Push Provisioning integration enables clients to access their debit or credit cards securely through multiple Google platforms including digital wallets, an automated fill on Google Chrome's web browser as well as save card payment information across stores powered by Google's checkout platform. In addition to improving client experiences, it enhances security through tokenization and enables enhanced fraud checks and seamless connectivity. Enhanced Transaction Details – Canada: The debit and credit enhanced transaction details initiative helps clients make real financial progress by ensuring they are equipped with valuable information to recognize their transactions and have a better understanding of their personal financial management. Available for both debit and credit purchases, clients can quickly convert transactions to installments, gain insights into their spending habits and access more information about a transaction. Direct Deposit Setup and Soft Credit Pull – U.S.: By embedding a direct deposit setup, clients can seamlessly connect their payroll system to their new BMO accounts, activate and fund their accounts and enjoy BMO's offerings instantly. The bank's soft pull inquiry process enables clients to receive real-time and accurate credit eligibility decisions, empowering clients to assess credit eligibility and explore credit options with confidence. FundsNow – U.S.: A check deposit solution, FundsNow grants users immediate and guaranteed access to their eligible mobile-deposited checks, eliminating the need for in-person branch visits. Clients can feel confident when accessing their funds conveniently and confidently on their own terms and in the channel of their choice. "This recognition exemplifies BMO's commitment to delivering great banking experiences across Canada and the United States," said Peter Poon, Head, Digital Self-Service, Innovation and Technology, BMO. "By continuously innovating across our digital payments ecosystem with leading partners like Google, we are helping clients make real financial progress on their terms and with confidence." BMO continues to pave the way as a digitally enabled, future-ready bank, focused on delivering leading digital experiences that help customers make real financial progress. These awards represent another step in BMO's Digital First journey and build on the bank's strong track record of industry recognitions. For more information about the awards please visit: For more information on BMO's tools and resources available to help customers set, track, and manage their personal finances please visit: About BMO Financial Group BMO Financial Group is the seventh largest bank in North America by assets, with total assets of $1.4 trillion as of April 30, 2025. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society. SOURCE BMO Financial Group View original content: