OVAL
White-label cloud platform for instant payout insurance product automation
Overview
OVAL is a B2B insurtech software platform that automates the confirmation, settlement, and payout of insured events for carriers and insurance distribution partners. The company provides white-label cloud solutions that enable insurance companies to develop and deploy parametric and instant payout insurance products under their own brand.
The platform delivers core workflow automation for event-triggered insurance, covering event confirmation logic, claim settlement processing, and instant payout disbursement. Insurers and distribution partners can configure and customize product templates, accelerating the time required to bring new insurance products to market.
Founded in 2007 and headquartered in Hong Kong, OVAL has deployed its solutions with carriers and distribution partners across Russia and Europe, operating as a technology supplier in the B2B segment of the insurtech market.
Products & Services
White-Label Insurance Platform
A cloud-based platform enabling insurers and distribution partners to build and deploy branded insurance products with automated event confirmation, settlement, and payout processing.
Key Features
- Automated event confirmation for insured triggers
- Claim settlement automation with instant payout processing
- Customizable white-label product templates
- Product development acceleration for carriers and distributors
Target Users: Insurance carriers, distribution partners, and MGAs seeking to offer instant payout insurance products under their own brand
At a Glance
- Founded
- 2007
- Headquarters
- Sheung Wan, Hong Kong
Category & Focus
- Category
- Specialty Solutions
- Subcategories
- Parametric insurance instant payout platforms white-label insurance technology
- Insurance Verticals
- P&C Commercial Specialty/E&S
- Target Customers
- Carriers, Brokers, MGAs/MGUs
Links
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Last updated: 2026-06-15