InsurTech Software
Best InsurTech Software include:
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iPipeline offers a Financial and Insurance Solutions suite. Their applications support new policy acquisition via OMNIDIRECT, policy management via Agency Integrator, IGO field quoting, document management (DOCFAST) streamlined order entry management (the AFFIRM for Life or AFFIRM…
Insurance broker management software designed by insurance brokers, built by software engineers. PolicyFlow is a configurable, ready-made, web-based solution utilising cloud technology.
Socotra in San Francisco offers a comprehensive suite of applications for insurance, including policy administration and marketing automation, underwriting and claims management, and billing and payment management.
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.…
Hublio, from the company of the same name in Dublin, provides their eponymous digital insurance and finance assistant for policyholders, brokers/advisor and insurers. Hublio stores policies, financial information & subscriptions on one automated platform. The software finds out if…
DRC offers software solutions to the Property & Casualty (P&C) insurance industry for large carriers, small start-ups and MGAs alike in the United States and globally deploy DRC’s SaaS and onsite solutions to manage total written premium in excess of $7 billion. DRC’s cloud-based…
Malaysian company tigerlab offers the INSURANCE suite of applications, meant to provide an end-to-end solution for insurers featuring back office automation, self-service portal, marketing, and more.
ALIP Policy Administration provides insurance agencies with prebuilt templates for products and rules, webpage creation tools, and analytics and predictive modeling. This software aims to help agencies work faster and more efficiently by automating many policy administration processes.…
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…
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…
EIS Group offers their Core Insurance Suite as an end-to-end solution for personal and commercial (P&C) general insurers, which includes the vendor's application for policy, claims, and billing.
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…
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…
A solution to embed an digital insurance experience into an existing online and mobile properties with a look and feel native to the app's consumer-trusted brand. This allows brands to extend the customer relationship beyond the sale with relevant insurance products that meet their…
Retrace provides a suite of APIs that enable online merchants to embed a variety of one-click insurance and protection products for customers. Retrace allows merchants to offer customers the right product, at the right time, and in the right place.
Cooper Rose Digital is an InsurTech platform providing full stack end-to-end, innovative insurance software solutions, across all lines of insurance.
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.
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…
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,…
Broker Insights is a provider of data analytics and market insight for the global commercial insurance industry. The Broker Insights Vision™ platform compiles and standardises commercial insurance market data, enabling brokers and insurers to work together in a more efficient way.…
Wynsure is an Insurance Suite from Wyde, an Mphasis company. Wynsure emphasis front and back office automation, but features policy administration, billing and document management, and other features.
Accenture offers ALIP, or Accenture Life Insurance and Annuity Software, a comprehensive suite of modules covering case and policy management, automated underwriting and other features.
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…
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.