I N T R O D U C T I O N
The Re/Insurance industry largely relies on outdated legacy systems. Often termed ‘an arthritic tortoise’, the industry is playing catch-up with issues related to contract certainty, speed, efficiency and transparency. Coupled with increasing globalization and consolidation, the industry is now looking to replace traditional paper-based transactions with electronic messages based on standards established by ACORD.
Infobahn is the only software house in the world to be ISO 9001-2000 certified for "The development of insurance/reinsurance related messaging software based on ACORD stands and market reform program office (MRPO)"
With a mission to “Take Insurance out of the Dark Ages” and a vision that reads “Design for Tomorrow, Today”, Infobahn is ready to launch a solution, Software As A Service (SaaS), that lowers the cost of entry for insurers and reinsurers into the online marketplace. SaaS delivers software over the Internet, thereby simplifying deployment, reducing acquisition costs for re/insurers and allowing Infobahn to leverage the service across a larger customer base. SaaS’ popularity has resulted from this "pay as you go" subscription licensing model. This service, accessible to all market players allows collaboration, and yet embraces competition.
InfoBahn’s OpenSesame (Open SEcure Services Architecture Messaging Exchange) uses the concept of Software as a Service.
Infobahn’s OpenSesame is an integrated reinsurance messaging solution along with a Document Repository Interface (DRI) solution for either using it as a Service or for peer-2-peer communication between the trading partners.
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