Best InsurTech Software
InsurTech Software uses the latest technology to support end-to-end solutions for the insurance industry. Using cloud-based infrastructure, SaaS, APIs, AI, smartphone apps, and omnichannel device access, it modernizes the management, processing, and delivery of insurance products and services. Insurance companies, agencies, and brokers use InsurTech Software to automate and streamline their operations and improve customer engagement and satisfaction. It is used by businesses such as airlines, banks, and luxury consumer goods to integrate insurance options...
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The Bloom Insurance Customer Portal is one of Redia…
Software designed to make selling and buying life insurance faster, easier, and more enjoyable for agents, brokers, and customers, from the company of the same name in San Francisco. General features include an insurance quoting tool, a marketing hub, a website builder, and a live…
Layr enables power brokers and agents to provide small businesses with the insurance coverage.
CoverStack is a B2B zero-code platform offering an Insurance Infrastructure-as-a-service as a digital solution backed by technology that enables its custome…
Afficiency delivers life insurance products on an all-encompassing digital platform, available for digital distributors from quote to policy all via API.
INSTANDA is a fully digital insurance management platform, which enables carriers and MGAs to design, build and launch simple to complex insurance products, including common products like auto and home to more elaborate offerings like flood, earthquake, or cyber.
AgencyKPI is a business intelligence platform intended for insurance networks, independent agencies, and insurers. Its platform is designed to address and manage the overabundance of data produced by the fragmented, legacy systems found across networks, agencies, carriers, and wholesalers.…
GO-INSUR is a policy admin InsurTech solution for MGAs, Brokers and Insurers looking to digitize their insurance operation. The solution helps users to:
- Adapt quicker to changing market trends.
- Rapidly launch new products (hours not days)
- Expand distribution more easily.
- Reduce operational cost…
CyberCube is an analytics platform that fuels cyber risk quantification with an ecosystem of data, signals and models.
CyberCube has custom software and service solutions across the entire insurance market for brokers, carriers, reinsurance brokers, and reinsurers.
We enable insurance placement, (re)insurance placement, speed up underwriting decisions, and portfolio management optimization – all powered by a state-of-the-art cloud-based technology frame…
Quotall's cloud-based, full-cycle, comparative e-trading software platform enables insurance distributors to e-trade through multiple channels anywhere in the world. The 'Out of the box' system delivers online quote, buy and self-service capabilities with a fully-functional insurance…
AdvantageGo provides commercial (re)insurance management solutions that transform how users manage risk administration. AdvantageGo aims to enable insurers and reinsurers around the world to fuse the traditional with digital, helping them to rapidly adapt, drive change and succeed…
Indio offers a solution for the insurance application and renewal process, including proprietary “smart” form technology that digitally enhances insurance forms and applications to make the application and renewal experience faster, and simpler.
Technology to create a more intelligent solution that pairs UK insurance companies, MGAs and brokers to quote, bind and manage commercial insurance. The technology is presented as a solution to create a more intelligent solution to empower the underwriters and brokers who work hard,…
Claim Technology presents 1-Click Insurtech™ - as part of an open innovation platform. They support insurance companies in accelerating digital transformation efforts. 1-Click Insurtech™ solutions can be deployed standalone in the cloud to meet specific use cases, or packaged back…
FintechOS is a low-code platform for banking and insurance. The software enables banks to become customer-centric by allowing them to create hyper-personalized experiences, to build and bring these innovative products to market fast, and cut costs with end-to-end digital automation.…
InsurePay is an Insuretech SaaS platform that enables the accuracy of premiums, integrated payments, and reconciliations in real time for Agencies, Carriers, MGAs, and insurance technology providers. InsurePay enables carriers and their partners to allow policyholders to pay only…
Acturis is a digital transformation solution for insurance companies, from the company in London, offering an integrated cloud-based SaaS offering. It supports e-trading to claims management and client prospecting to international trading. With its integrated back-office administration…
Certua is an insurtech solution designed to help partners grow by embedding insurance products and services to increase their users’ financial resilience. For example, Certua’s Adaptive Life policies - powered by dynamic data - provide coverage that automatically updates in both…
Genasys is a full-stack, cloud-based, modular insurance solution for insurers, MGAs and brokers, presented as a comprehensive front to back end insurance solution can help them scale and optimise their operations. The Genasys platform comes with features to ensure that the user's…
Insurance broker management software designed by insurance brokers, built by software engineers. PolicyFlow is a configurable, ready-made, web-based solution utilising cloud technology.
Next Insurance is insurtech for small retail businesses, helping companies find coverage more quickly (e.g. worker's compensation, commercial auto, general liability, etc.) and at a lower rate.
Learn More About InsurTech Software
What is InsurTech Software?
InsurTech Software uses the latest technology to support end-to-end solutions for the insurance industry. Using cloud-based infrastructure, SaaS, APIs, AI, smartphone apps, and omnichannel device access, it modernizes the management, processing, and delivery of insurance products and services.
Insurance companies, agencies, and brokers use InsurTech Software to automate and streamline their operations and improve customer engagement and satisfaction. It is used by businesses such as airlines, banks, and luxury consumer goods to integrate insurance options with their product and service offerings.
e-Commerce embedded InsurTech seamlessly bundles insurance options for products and services at the point of sale as part of the checkout process, providing additional customer value with these personalized insurance options.
InsurTech ML (Machine Learning) and AI (Artificial Intelligence) are used to personalize policies, understand demand, fine-tune underwriting, power chatbots, manage risk, detect fraud, and automate claims processing. Chatbots are being increasingly adopted as the first line of contact for customers seeking information about policies and coverage, routing complex tasks to humans for intervention.
IoT (Internet of Things) telematics collects and transmits driving data that is used to analyze accidents, improve safety, and offer auto insurance discounts. Consumer wearables provide data that can be used to inform health insurance pricing and discounts. Drone technology is used by property and casualty insurance companies to inspect disaster areas and investigate auto accidents.
InsurTech software offers digital integration of highly customized solutions using hundreds of APIs, covering every aspect of the insurance lifecycle. Out-of-the-box solutions that require minimal customization are also available.
InsurTech Software is closely related to and overlaps with Insurance Suites Software. InsurTech supports the following insurance industry activities: policy administration, underwriting, rating, quotes, billing, payment processing, claims processing, customer communications and relationship management, risk management, document management, compliance, auditing, analytics, and reporting.
InsurTech Software Features
InsurTech Software will include many of the following features.
- Cloud-based, SaaS
- Machine learning and artificial intelligence
- Big data and business intelligence
- APIs
- Plug and play flexibility
- Business rules
- Rating engine
- Automated workflows
- Product configurator
- Product personalization
- Customer self-service portals
- Smartphone apps
- Mobile, multi-device support
- eCommerce embedded insurance
- Chatbots
- IoT telematics
- Consumer wearables
- Security and permissions
- Analytics and reporting
InsurTech Software Comparison
Consider the following when purchasing InsurTech Software.
Scope: Most InsurTech Software supports a variety of insurance products and services and is built using discrete modules and APIs, enabling the selection of those functions and features that meet your specific needs such as policy administration, claims management, or customer service portals.
Use Case: Some vendors offer additional specialties such as embedded eCommerce insurance or focus on specific insurance products such as property and casualty or life insurance.
Pricing Information
Functions, features, and the number of users drive InsurTech pricing. Custom vendor quotes are required.