Oceanwide, a provider of configurable insurance applications available as service, announced CloudInsure, an insurance platform designed to address emerging privacy and security liabilities within the cloud, selected Oceanwide BRIDGE for policy administration and consumer portal functionality.

Oceanwide’s BRIDGE System is a SaaS-based suite of insurance software modules, which offers processing for P&C insurance companies, brokers and MGAs, and includes modules for policy administration, rating, document/policy production, workflow management, claims, billing, business intelligence and agent and consumer portals.

CloudInsure selected BRIDGE to enable the deployment of a direct-to-consumer portal for the company’s cyber liability platform and to handle critical policy administration processes, including rating, document generation, and product design, Oceanwide said.

“Our expertise in cloud and cyber risk makes us a stringent evaluator of cloud offerings,” said Fred Bartkiewicz, managing partner and co-founder of CyberRiskPartners, the parent company of CloudInsure. “Oceanwide impressed us with the high level of maturity and sophistication we saw in their SaaS operations. That was very attractive for us.”

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