Unveiling Top 27 Innovators in Insurtech Industry
Unveiling Top 27 Innovators in Insurtech Industry
The insurtech industry stands at the intersection of technology and insurance, employing cutting-edge solutions to simplify and streamline the age-old practice of insurance. These companies, such as Majesco and Applied Systems, leverage advanced technologies ranging from data analytics to automation, to offer innovative products and services. Be it enhancing customer experience or driving operational efficiency, they serve carriers, agencies, and even other tech businesses. The industry is steeped in constant evolution, skillfully treading the path towards digital transformation and ushinging in advancements like AI-driven tech and blockchain applications.
Top 27 Insurtech Companies
1. Majesco
- Website: majesco.com
- Headquarters: 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
- Website: appliedsystems.com
- Headquarters: 200 Applied Parkway, Illinois, United States
- Founded: 1980
- 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. Vertafore
- Website: vertafore.com
- Headquarters: Denver, Colorado, United States
- Founded: 1969
- Headcount: 1001-5000
- Latest funding type: Acquired
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.
4. Insurity
- Website: insurity.com
- Headquarters: Hartford, Connecticut, United States
- Founded: 1985
- Headcount: 1001-5000
- Latest funding type: Private Equity
Insurity is a leading provider of P&C insurance software solutions, offering a comprehensive suite of products and services including policy, billing, claims, analytics and more. With over 20 years of experience in the industry, Insurity is committed to delivering innovative and scalable solutions to its customers.
5. RGI Group
- Website: rgigroup.com
- Headquarters: Milano, Michigan, Italy
- Founded: 1987
- Headcount: 1001-5000
- Latest funding type: Acquired
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.
6. dotsure.co.za
- Website: dotsure.co.za
- Headquarters: 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.
7. Lifepal
- Website: lifepal.co.id
- Headquarters: 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.
8. CoverWallet, an Aon company
- Website: coverwallet.com
- Headquarters: New York, New York, United States
- Founded: 2015
- Headcount: 501-1000
- Latest funding type: Acquired
CoverWallet is an online platform that helps small businesses protect and manage their insurance needs. They offer a variety of insurance policies for different industries, including general liability, property, professional liability, and workers compensation.
9. Acturis Limited
- Website: acturis.com
- Headquarters: London, England, 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. ControlExpert GmbH
- Website: controlexpert.com
- Headquarters: Langenfeld, Nordrhein-Westfalen, Germany
- Founded: 2002
- Headcount: 501-1000
ControlExpert is a company that provides AI-based and digital solutions for automotive insurance companies. They specialize in offering expertise checks, digital damage processing, automated quality control, and repair approval. With their advanced image recognition technology, they ensure fair and efficient claim settlements for car drivers worldwide.
11. ZA Tech
- Website: zatech.com
- Headquarters: Singapore, Jakarta Raya, Singapore
- Founded: 2018
- Headcount: 501-1000
ZA Tech is a leading Insurtech company that offers innovative digital insurance solutions. They specialize in providing cloud-native, end-to-end core systems for insurers, empowering both digital and traditional business models. Their technology seamlessly connects with any industry and ecosystem, enabling companies to embed insurance into their products and services. With their purpose-driven solutions, ZA Tech aims to bring relevant and affordable insurance protection to customers in Southeast Asia.
12. Prima Solutions
- Website: prima-solutions.com
- Headquarters: Levallois-Perret, Île-De-France, France
- Founded: 2000
- Headcount: 201-500
- Latest funding type: Acquired
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.
13. Insly.com
- Website: insly.com
- Headquarters: London, London, United Kingdom
- Founded: 2000
- Headcount: 51-200
- Latest funding type: Convertible Note
Insly is a company that offers a software platform for insurance brokers and agents to manage their policies, customers, and claims. The platform automates various processes, increases efficiency, and provides analytics to improve decision-making.
14. Baloon Assurance
- Website: baloon.africa
- Headquarters: Paris, Ile De France, France
- Founded: 2017
- Headcount: 51-200
- Latest funding type: Series Unknown
Baloon.africa is a digital insurance brokerage company operating in Africa. They aim to bring insurance coverage to millions of Africans by leveraging the power of technology. With a focus on simplicity and accessibility, they offer online insurance solutions that can be easily accessed and purchased through a smartphone.
15. Instanda
- Website: instanda.com
- Headquarters: City Of London, England, United Kingdom
- Founded: 2012
- Headcount: 51-200
- Latest funding type: Series B
INSTANDA is a digital insurance management platform that empowers insurers to thrive in a new generation of insurance. It allows insurers to create customized products with speed and ease, putting control in their hands. INSTANDA enables carriers and MGAs to create, build, and implement complex insurance products in a matter of weeks or months, providing agility, speed, and lowering overall TCO.
16. CCS connects
- Website: ccs.nl
- Headquarters: Woerden, Utrecht, Netherlands
- Founded: 1983
- Headcount: 51-200
- Latest funding type: Private Equity
CCS is a digital insurance solutions provider that helps insurers optimize their operations and enhance customer experiences. With their Digital Insurance Platform, insurers can gain control over their insurance processes, leverage data effectively, and embrace new technologies. CCS offers a comprehensive suite of software solutions, including Roundcube for smart mid-office operations, Marketplace for faster innovation through collaboration, and Level for back-office support. Their expertise and software solutions have earned the trust of over 2000 organizations in the insurance sector.
17. Open
- Website: beopen.com
- Headquarters: Sydney, Nsw, Australia
- Founded: 2016
- Headcount: 51-200
- Latest funding type: Series B
Open is a company that offers branded, digital-first insurance products. They provide a world-class experience for customers by delivering car, home, travel, and landlords insurance. Open's technology enables breakthrough insurance experiences, with deep expertise in product design and innovation. They partner with businesses to help grow their insurance offerings quickly and efficiently, utilizing advanced analytics and data infrastructure. Open operates subsidiaries in Australia, New Zealand, and the UK, issuing insurance policies on behalf of various insurers.
18. ClarionDoor - a Zywave company
- Website: clariondoor.com
- Headquarters: Santa Barbara, California, United States
- Founded: 2010
- Headcount: 51-200
- Latest funding type: Acquired
ClarionDoor is an insurance technology company that offers ultramodern solutions for carriers, MGAs, and program administrators. They provide innovative technology for end-to-end insurance product distribution, including standalone rating, comparative rating, and policy management.
19. Sure
- Website: sureapp.com
- Headquarters: Santa Monica, California, United States
- Founded: 2016
- Headcount: 51-200
- Latest funding type: Series C
Sureapp.com is a digital insurance platform that offers seamless integrations, omnichannel communication, and digital workflows for enhanced customer experience. They provide a flexible API that enables companies to launch and scale insurance products quickly. Their platform allows for streamlined operations, efficient claims processes, and customized user experiences. Sureapp.com caters to global brands, insurance carriers, and eCommerce marketplaces.
20. AXE Group
- Website: axegroup.com
- Headquarters: Sydney, Nsw, Australia
- Founded: 1997
- Headcount: 51-200
Axegroup.com is a technology company specializing in insurance software solutions. Their flagship product, Axelerator, offers a flexible and configurable platform for policy administration, claims management, and reinsurance across various types of insurance. With a focus on automation and digital transformation, Axegroup enables insurers to streamline processes, reduce costs, and enhance customer experience. They provide end-to-end solutions, from data consolidation and analytics to seamless integration with other software platforms. Axegroup is committed to staying ahead of industry trends and helping insurers adapt to the rapidly changing landscape.
21. Covr Financial Technologies
- Website: covrtech.com
- Headquarters: Hartford, Connecticut, United States
- Founded: 2016
- Headcount: 51-200
- Latest funding type: Series B
Covr is a comprehensive multi-carrier digital insurance platform that simplifies insurance for financial brands and their clients. With a focus on life, long-term care, and disability insurance, Covr offers a range of insurance products and competitive rates from leading insurance carriers. Their digital platforms provide a seamless and fully integrated experience for financial advisors and independent agents.
22. Instec
- Website: instec-corp.com
- Headquarters: Naperville, Illinois, United States
- Founded: 1982
- Headcount: 51-200
- Latest funding type: Acquired
Instec is an insurance technology solution provider that offers a cloud-based platform for creating and launching innovative insurance products in as little as 60 days with little up-front cost. With vast library of content and self-configuration tools, carriers can adapt quickly to changing insurance landscape.
23. EIS Ltd
- Website: eisgroup.com
- Headquarters: San Francisco, California, United States
- Founded: 2008
- Headcount: 1001-5000
- Latest funding type: Private Equity
EIS Group is a company that provides digital insurance solutions and services. They help insurance leaders tackle challenges and create the digital insurance experience of the future. With their core systems, customer experience, and innovation expertise, they enable insurers to meet evolving customer expectations and transform their business models.
24. Guidewire Software
- Website: guidewire.com
- Headquarters: San Mateo, California, United States
- Founded: 2001
- Headcount: 1001-5000
- Latest funding type: Acquired
Guidewire is a leading platform trusted by property and casualty insurers to drive engagement, innovation, and operational efficiency. They offer a comprehensive suite of digital, core, analytics, and AI solutions delivered as a cloud service. With over 450 insurers worldwide, Guidewire is the go-to choice for both new ventures and established industry leaders.
25. Sollers Consulting
- Website: sollers.eu
- Headquarters: 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.
26. Insurance Technologies
- Website: insurancetechnologies.com
- Headquarters: Colorado Springs, Colorado, United States
- Founded: 1995
- Headcount: 51-200
Hexure is an innovative software solutions provider dedicated to addressing the critical challenges of the insurance industry. We offer cutting-edge technology and expertise to help insurance companies overcome their business obstacles and drive growth.
27. C2L BIZ Solutions Pvt Ltd
- Website: c2lbiz.com
- Headquarters: Mumbai, Maharashtra, India
- Founded: 2007
- Headcount: 201-500
C2L BIZ is a company that offers disruptive innovation and digital enablers for the global insurance industry. They provide solutions such as SymbioSys Sales Tool, Sales Illustration, e-Application, Auto Underwriting, and more. Their aim is to help insurers adapt to rapidly transforming insurance digital ecosystem and thrive with business changes.
Want to find more insurtech companies?
If you want to find more companies that offer advanced, technology-driven insurance solutions you can do so with Inven. This list was built with Inven and there are hundreds of companies like these globally.
With Inven you'll also get to know the company's:
- Ownership: Which of these are private equity backed? Which are family-owned?
- Contact data: Who are the owners and CEO's? What are their emails and phone numbers?
- Financials: How do these companies perform financially? What are their revenues and profit margins?
...and a lot more!
