Thursday, November 21, 2024

The rise of technology and changes in customer behaviors are causing industry boundaries to fade and ecosystems to rising, especially when it comes to the insurance space. Integrated offerings are increasing the relevance and growth of ecosystems across industries, and insurance is no exception.

With cloud and intelligent solutions being part of the tech space, advanced insurance technology has already become an integral part of the industry. With mobile solutions all around us, getting insurance quotes can be as easy as clicking a button. Moreover, managing coverage can typically be accomplished via a mobile app.

Adopting predictive modeling tactics has also proved to increase revenues and accuracy for many insurers. This way, the insurance solution providers are paving way for the new intelligent insurance solutions. Artificial intelligence, as well as machine learning capabilities, could also redefine the way today’s insurance solutions work.

As the industry is filled with a variety of solution providers, businesses find it a tough task to find the right solutions provider that fits their unique requirements. That’s why we’ve developed this special edition on Insurance Technology Solution Providers 2022. This special edition features some of the most cutting-edge solution providers who are creating a difference in the industry. The companies listed below are selected by our team of researchers, editors, and a panel of CEOs.

Accelins

Co-Founder & CEO: Jeff Radke
HQ: Colchester, Essex, United Kingdom
Website: accelins.com

Accelerant is unlike other insurance program carriers. They are fueled by insurance technology and supported by our unique insurance platform. Accelerant work exclusively with MGAs and Program Administrators. They’re transparent, responsive and collaborative. The team has built a network of some of the best MGA and Program Administrators on the planet. They call them Members because it underscores the deep commitment to their success. And they are always looking for other top-class Members.

Atidot

Co-Founder & CEO: Dror Katzav
HQ: Palo Alto, CA
Website: atidot.com

Atidot is an AI cloud-based platform, tailored specifically to the needs of the life insurance industry, enabling insurers to grow their customer’s Life Time Value and create new revenues. Insurance companies today struggle to understand their customers as much of the data they collect is not accessible for decision making. Atidot’s technology solves this pain point by augmenting company data with external sources and running predictive models .

Attestiv

Co-Founder & CEO: Mark Morley
HQ: Natick, Massachusetts
Website: attestiv.com

Attestiv puts authenticity back into photo and media files, utilizing advanced technologies in mobile, AI and blockchain. Attestiv products create new efficiencies, offer unrivaled fraud prevention and maintain interoperability with existing infrastructure.

Charles Taylor

CEO: Robert Brown
HQ: London, England
Website: charlestaylor.com

Charles Taylor provides an unrivalled and growing range of insurance services, claims and technology solutions across the globe, with a specialism in complex situations requiring distinctive technical expertise and technology. They aim to build long-term client relationships spanning multiple value-creating solutions, and to consistently delight our clients with the quality and responsiveness of their people and delivery.

Cogitate

CEO and Co-Founder: Arvind Kaushal
HQ: Marietta, Georgia
Website: cogitate.us

Cogitate Technology Solutions (“Cogitate”) was established with a vision to be a leading provider of innovative and transformative digital technology products for the insurance industry. The strategic direction for Cogitate is to develop technology products to provide digital service, advice, and marketing current and future customers with technology solutions that they want access to and will expect from their insurance provider.

Cover Genius Pty Ltd

Co-Founders: Chris Bayley and Angus McDonald
HQ: New York
Website: covergenius.com

Cover Genius is the insurtech for embedded insurance that protects the global customers of the world’s largest digital companies including Booking Holdings, owner of Priceline, Kayak and Booking.com, Intuit, Hopper, Skyscanner, Ryanair and Descartes ShipRush. They’re also available at Amazon, Flipkart, eBay, Wayfair and SE Asia’s largest company, Shopee. Cover Genius’ vision is to protect all the customers of the world’s largest online companies through XCover.

Coverys

President & CEO: Joseph Murphy
HQ: Boston, MA
Website: coverys.com

Coverys is a leading medical professional liability insurance provider dedicated to protecting the livelihood of physicians, hospitals, dentists, podiatrists, and advanced practice providers. Coverys uses data intelligence to help policyholders anticipate, identify, and manage risk in order to reduce errors, eliminate inefficiency, and improve outcomes.

DecisionResearch

President: Karen Yamamoto
HQ: Honolulu, HI
Website: decisionresearch.com

For over half a century, DRC has provided powerful and trusted software solutions to the Property & Casualty (P&C) insurance industry. 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 administration system expedites implementation, lowers costs and simplifies maintenance across insurance products.

Duck Creek Technologies

CEO: Michael Jackowski
HQ: Boston, MA
Website: duckcreek.com

Duck Creek gives P&C insurers a genuine path to the future with advanced technology grounded in decades of industry expertise, responsive to the unique challenges of each carrier, and shaped by the day-to-day of human behavior. They are sustained by a persistent curiosity that isn’t afraid to challenge the norms of the property & casualty industry, that believes the vision for tomorrow need not be tied to the legacy of today, and it is their job to get a firm there sooner.

Field Pros Direct

Founder & CEO: Matthew Anderson
HQ: Peachtree Corners, GA
Website: fieldprosdirect.com

Field Pros Direct was named #1992 on the 2021 INC. 500 Fastest Growing Companies in America. Their goal is to help Insurance Carriers, Adjusters and Service providers innovate their claims process, simply. Founded by an industry veteran and pioneer, Matt Anderson, who knew there had to be a better way to solve complexities he experienced as former VP of one of the world’s largest IA firm (and former adjuster). Field Pros Direct helps carriers eliminate unnecessary fines and efficiencies, while creating a community of dedicated adjusters and service providers to provide the best experience possible.

FINEOS

CEO: Michael Kelly
HQ: Dublin, Ireland
Website: fineos.com

FINEOS is a leading provider of core systems for life, accident and health insurers globally with 7 of the 10 largest group life and health carriers in the US as well as 6 of the largest life insurers in Australia. With employees and offices throughout the world, FINEOS continues to scale rapidly, working with innovative progressive insurers in North America, Europe, and Asia Pacific. The FINEOS Platform provides clients the only complete end-to-end SaaS core product suite that includes FINEOS AdminSuite enabling quote to claim administration as well as add-on products.

Hawksoft

President & CEO: Paul Hawkins
HQ: Canby, OR
Website: hawksoft.com

Since 1995, HawkSoft is a leader in management systems for agencies that want effective workflows, refreshing experiences for staff and policyholders, and tools to build meaningful relationships. They take pride in being independently owned and answerable to agencies that rely on the system to power the insurance business. Created by independent agents, HawkSoft continues to evolve as a cutting-edge system that powers thousands of agencies.

HRIZN

President: Kurt Kwekkeboom
HQ: Sheboygan, Wisconsin, US
Website: hrizn.com

The company provides software & services to the Property and Casualty Insurance industry.  Horizon has assembled a team of professionals with practical Insurance Industry experience and state-of-art software development skills, who share a common vision about the future of automation in the P&C Industry. 

Insurium

President & CEO: Jeremy Williams
HQ: Denver, Colorado
Website: insurium.com

Insurium’s market-leading cloud-based platform provides you with a unified 360-degree view of the insurance process life cycle. Insurium is a unified solution providing a 360 degree view of the insurance process lifecycle. The Insurium platform is a market-leading cloud-based core insurance software suite built from the ground-up specifically for P&C insurers and claim administrators.

iPipeline

CEO: Deane Price
HQ: Exton, PA
Website: ipipeline.com

iPipeline is a leading provider of cloud-based software solutions for the life insurance and financial services industry. Through their SaaS solutions, they accelerate and simplify insurance sales, compliance, operations, and support. iPipeline provides process automation and seamless integration between every participant in the life insurance industry including carriers, agents (such as financial advisors and independent insurance agents), distributors (such as banks, broker-dealers, and general agencies) and consumers.

Loadsure

Founder & CEO: Johnny McCord
HQ: London, UK
Website: loadsure.net

Loadsure is a holistic freight and cargo protection company that is taking direct aim at the global underinsurance crisis. Leveraging AI and automation, Loadsure is eliminating labor-intensive processes to instantly deliver dynamic pricing and products on-demand and accelerate claims.

One Inc

CEO: Ian Drysdale
HQ: Folsom, CA
Website: oneinc.com 

One Inc provides insurers with the capability to give their customers what they expect: choice, control, convenience, and continuity. That’s the strength derived from the Power of One – a cohesive and seamless experience for both inbound and outbound digital insurance payments.The One Inc Digital Payments Platform combines multi-channel digital communications with electronic payment processing and disbursement, creating a frictionless premiums and claims payments experience.

QBE

Group Chief Executive Officer : Andrew Horton
HQ: Sydney, New South Wales
Website: qbe.com

Leveraging our deep expertise and insights, QBE offers commercial, personal and specialty products and risk management solutions to help people and businesses manage risks, build strength and embrace change to their advantage.

Shift Technology

Co-Founder & CEO: Jeremy Jawish
HQ: Paris, Île-de-France
Website: shift-technology.com

Shift Technology delivers the only AI-native decision automation and optimization solutions built specifically for the global insurance industry. Addressing several critical processes across the insurance policy lifecycle, the Shift Insurance Suite helps insurers achieve faster, more accurate claims and policy resolutions. Shift has analyzed billions of insurance transactions to date and was presented Frost & Sullivan’s 2020 Global Claims Solutions for Insurance Market Leadership Award.

Zelros

Founder & CEO: Christophe Bourguignat
HQ: Paris, Ile-de-France
Website: zelros.com

Zelros is a pioneer in InsurTech to help insurers offer hyper-personalized product recommendations across all channels. With Zelros, Insurers boost client acquisition, cross-sell and up-sell while increasing agent effectiveness. Zelros stands out by making their AI platform low code, faster and smarter, and helps insurers stay on track with their Ethical AI programs.