CHICAGO–(BUSINESS WIRE)–Origami Risk, the industry-leading risk, safety and insurance Software as a Service (SaaS) technology firm, today announced that Way Specialty has deployed its policy administration and billing solutions to support and scale operations. Way Specialty, a full-service managing general underwriter (MGU) exclusively partnering with independent agents and brokers, is leveraging Origami Risk’s core insurance solutions to optimize the policy lifecycle and billing process for distribution partners and customers. The deployment was completed in collaboration with Wikifri, an insurance consulting firm and Origami Risk implementation partner.
Origami Risk was chosen by Way Specialty following an evaluation focused on finding a scalable, flexible platform capable of supporting the business from launch through future expansion. Working with Wikifri, Way Specialty assessed how a unified solution could balance speed to market with long-term operational needs, while avoiding the limitations of fragmented systems and the risk of outgrowing the platform as the business evolves. Origami Risk’s platform stood out for its breadth of functionality across core MGA operations, built-in rating capabilities, ISO content and ability to support future program growth on a single system.
“Way Specialty was built on the vision of delivering specialized, responsive and reliable solutions to our partners, and having Origami Risk as the platform for our future P&C programs is a critical step in that journey,” said Byron Way, President & Chief Executive Officer, Way Specialty. “The unified system for policy administration and billing gives us the operational foundation we need today, with the flexibility to adapt and expand as our underwriting strategy and business evolve.”
“We’re excited to partner with Way Specialty as they continue to build a differentiated MGA focused on service and specialization,” said Mike Kaplan, Chief Client Officer, Origami Risk. “Our technology will support their continued growth by streamlining operations and delivering a more connected experience for their partners and customers.”
“Way Specialty was thoughtful about choosing a platform that could support the business as it evolves,” said Bill Freitag, CEO and Managing Partner, Wikifri. “Implementing Origami Risk has given Way Specialty a strong operational foundation — one they can build on as their programs grow.”
