Top 17 Insurance Technology Innovators
Top 17 Insurance Technology Innovators
The insurance technology industry is a rapidly growing sector that focuses on leveraging technology to enhance the operations of insurance companies. Within this industry, there are various types of companies that offer innovative products and services to insurers, brokers, and agents. These companies provide solutions for policy administration, claims management, risk management, and customer experience improvement. They aim to streamline processes, increase efficiency, and adapt to the evolving landscape of the insurance industry.The industry is headed towards more advanced technologies such as artificial intelligence, machine learning, and data analytics. These technologies will enable insurance companies to gain deeper insights, make more accurate predictions, and personalize their offerings. Additionally, with the increasing integration of digital solutions, the industry is moving towards a more customer-centric approach, focusing on providing seamless and convenient experiences for policyholders.
Top 17 Insurance Technology Companies
1. Majesco
- Headquarter: Morristown, New Jersey, United States
- Founded: 1982
- Headcount: 1001-5000
- Latest funding type: Post Ipo Equity
Majesco is a leading provider of insurance technology solutions. They offer a wide range of products and services to help insurers adapt to the changing landscape of the insurance industry.
2. Applied Systems
- Headquarter: 200 Applied Parkway, United States
- Headcount: 1001-5000
Applied Systems is a company that specializes in insurance technology and digital solutions. They offer a range of products and services to help insurance agencies and carriers streamline their operations, improve efficiency, and enhance customer experience.
3. Ebix
- Headquarter: Johns Creek, Georgia, United States
- Founded: 1976
- Headcount: 5001-10000
- Latest funding type: Post Ipo Equity
Ebix.com is a global provider of enterprise products and services for the insurance industry. They offer a complete suite of services, including policy administration, claims adjudication, risk management, and employee benefits. With a focus on seamless data flow and innovative solutions, Ebix.com helps insurers, brokers, and agents streamline their operations and enhance customer satisfaction.
4. Duck Creek Technologies
- Headquarter: Boston, Massachusetts, United States
- Founded: 2000
- Headcount: 1001-5000
- Latest funding type: Private Equity
Duck Creek is a technology company that offers a configurable platform for P&C insurers worldwide. Their software enables carriers to innovate faster, respond to market changes quickly, and provide exceptional customer service. With a focus on speed and change, Duck Creek empowers insurers to define their future success with speed and innovation.
5. Vertafore
- Headquarter: Denver, Colorado, United States
- Founded: 1969
- Headcount: 1001-5000
- Latest funding type: Private Equity
Vertafore is an insurance technology company that offers smart technology initiatives to amplify MGA growth. Their products simplify and automate insurance technology, including rating and quoting, commercial submissions, and premium financing. They provide connectivity solutions for carriers and MGAs, and their platform supports data and information management. Vertafore aims to be a partner of choice for agencies by empowering insurance distribution.
6. RGI Group
- Headquarter: Milano, Michigan, Italy
- Founded: 1987
- Headcount: 1001-5000
- Latest funding type: Private Equity
RGI is a technology company specializing in insurance solutions. They offer a suite of products that focus on multi-channel environments, ease of integration, and usability on modern technological devices. RGI provides software solutions for property and casualty insurance, life insurance, claims management, and product administration. They are dedicated to delivering excellence in technological services for the insurance industry.
7. Zywave
- Headquarter: Milwaukee, Wisconsin, United States
- Headcount: 501-1000
- Latest funding type: Debt Financing
Zywave is a technology company that offers solutions for insurance brokers. Their products include compliance and risk management tools, self-service portals for clients, learning management systems, and HR resources. They also provide online enrollment and support platforms. Zywave helps insurance brokers become trusted advisors by providing them with technology solutions to better serve their clients and improve their bottom line.
8. Sollers Consulting
- Headquarter: Warszawa, Mazowsze, Poland
- Founded: 2000
- Headcount: 501-1000
Sollers Consulting is a business advisory firm specializing in innovation and digital transformation for the insurance industry. With expertise in automation, technology, and data management, they help insurers improve efficiency, enhance operations, and streamline business processes. They offer services and products such as process automation, core systems implementation, data management, digitalization, and API development.
9. Acturis Limited
- Headquarter: London, United Kingdom
- Founded: 2000
- Headcount: 501-1000
- Latest funding type: Private Equity
Acturis is a leading Software-as-a-Service provider for the general insurance industry. With over 20 years of experience, Acturis helps brokers, insurers, and MGAs create and shape the market of today and tomorrow. Their platform facilitates the transaction of over £10bn of premiums each year in the UK alone.
10. dotsure.co.za
- Headquarter: George, Western Cape, South Africa
- Founded: 2011
- Headcount: 501-1000
dotsure.co.za is an online insurance company offering various insurance products such as car insurance, pet insurance, and business insurance. They provide a digital platform for customers to quote online, manage their policies, and make claims easily and quickly. With a focus on customer satisfaction, dotsure.co.za aims to create fans rather than policyholders by providing excellent service and innovative insurance products.
11. Lifepal
- Headquarter: Jakarta, East Java, Indonesia
- Founded: 2019
- Headcount: 501-1000
- Latest funding type: Series A
Lifepal.co.id is an all-in-one online insurance platform that enables users to compare and purchase insurance policies easily and conveniently. With a user-friendly website and transparent explanations, Lifepal offers a wide range of insurance products, including health, vehicle, and life insurance. Customers can save time by purchasing policies online and receive them in PDF format, delivered to their homes.
12. esurance.ch
- Headquarter: Zurich, Zurich, Switzerland
- Founded: 2013
- Headcount: 11-50
esurance AG is a smart insurance distribution company that believes in self-determination. They offer a configurable distribution platform for small businesses (KMU), insurance companies, technology partners, and distribution organizations to connect and enable efficient distribution and consulting processes for smart insurance solutions. Their digital platform allows for online insurance calculations and purchases, automated underwriting, and access to expert advice.
13. Sureify
- Headquarter: San Jose, California, United States
- Founded: 2012
- Headcount: 201-500
- Latest funding type: Series C
Sureify is a company that provides software solutions for life insurance and annuities. They offer a range of products including LifetimeACQUIRE, LifetimeSERVICE, LifetimeENGAGE, and LifetimeAGENT, which help streamline sales, policyholder self-servicing, and consumer engagement. Their platform, CoreCONNECT, powers web and mobile portals, providing a seamless digital experience for agents and customers. Sureify aims to drive company growth and deliver the ultimate agent and customer experience through their innovative solutions.
14. msg nexinsure ag
- Headquarter: Ismaning, Bayern, Germany
- Founded: 2018
- Headcount: 201-500
nexinsure.com is a leading provider of IT insurance solutions, offering innovative software and core systems for insurers. They specialize in holistic services such as integration, migration, and system implementation. With a comprehensive range of solutions, they cater to insurance companies' needs, providing standard software and operational support.
15. Smart InsurTech AG
- Headquarter: Berlin, Germany
- Founded: 2016
- Headcount: 501-1000
Smart InsurTech is a technology partner for the insurance industry, connecting all stakeholders through its independent insurance platform. It offers a comprehensive package of administrative and consulting solutions, including price and quality comparison tools. The company optimizes and automates internal processes, empowering insurance brokers and improving efficiency.
16. Prima Solutions
- Headquarter: Levallois-Perret, Île-De-France, France
- Founded: 2000
- Headcount: 201-500
- Latest funding type: Series Unknown
Prima Solutions is an insurance technology company that offers a comprehensive cloud-based platform for the efficient management of property and casualty (P&C) insurance claims and contracts. They provide solutions for integrating supplemental insurance benefits, analyzing reinsurance portfolios, and quickly launching new insurance products. With a focus on operational efficiency, Prima Solutions helps insurers streamline their processes and improve customer experience.
17. OneShield Software
- Headquarter: Marlborough, Massachusetts, United States
- Founded: 1999
- Headcount: 201-500
- Latest funding type: Series Unknown
OneShield is a provider of flexible and customizable policy administration and claims solutions for the insurance industry. They offer a fully managed SaaS platform with pre-loaded content, workflows, and rules. Their solutions are designed to meet the evolving needs of P&C insurers and MGAs.
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