Top 20 Insurance Tech Solutions Companies - 2022

Technology has radically transformed the insurance industry. It is enabling large and small companies to automate manual business processes, gain a deeper understanding of their customers through data analytics, and even leverage augmented reality to optimize employee training. There is no shortage of high-tech, industry-specific solutions today, and their list of benefits is just as lengthy. The global insurtech market is expected to reach $39.4 billion by 2027 at a CAGR of 48.9 percent.

Augmented reality is notable among the technologies driving the insurtech market. Insurance tech providers leverage it to provide an interactive user experience and ensure customer entertainment and engagement. Augmented reality enables underwriters to simulate real-life disasters, such as flooding or landslides, and estimate potential damage.

Augmented reality glasses can also improve onsite safety for inspectors and specialists by allowing them to record information hands-free, overlay notes on their field of vision, and easily communicate with other team members. Insurers can use AR to create interactive advertising campaigns and entertaining in-app services to attract younger customers and fend off insurtech.

To spotlight such key developments in the industry, Insurance Tech Insights illustrate how companies are using the latest technological developments to improve the claims management process. This edition also features thought leadership articles from subject matter experts on the ongoing trends, best practices, and recent innovations in the insurance tech space. Some of the exclusive insights are authored by Steve Harris, Chief Ethics and Compliance Officer of Lincoln Financial Group, Harris Clarke, Insurance Vice President of Claims, Customer Service, and Sales at PEMCO, and Wagner Denuzzo, Head of Capabilities for Future of Work at Prudential Financial, who shed light on various trends in insurance tech solutions industry including hybrid cloud environments, AI-enabled intelligent systems, and digital transformation.

In this edition of Insurance Tech Insights, we also bring the story of some of the top insurance tech solution providers delivering the best outcomes for their clients. In the list, Convr stands out for transforming underwriting experiences for commercial P&C insurers through modern, AI-driven digital underwriting operations. The list also comprises OneProtection, an organization that provides financial advisors and insurance professionals a presentation software to help them visually demonstrate the need for income protection to their clients in a simple yet visually powerful way.

Through the following pages, we aim to highlight the innovative trends and latest developments in the organizational development industry. We would like to know your thoughts.

    Top Insurance Tech Solutions Companies

  • 1

    OneProtection software helps financial and insurance professional to demonstrate income protection conversations to their clients in a simple yet impactful manner. Its software system is quite simple and easy for the advisors to use and the clients to understand their health statistics.

  • 2

    Convr empowers commercial P&C carriers and producers with modern end-to-end underwriting management powered with a patented-AI decisioning engine that transforms the underwriting experience. Insurance organizations of all sizes trust Convr to help them transform their business with straight through processing (STP) and more complete data to make better decisions.

  • 3

    Ategrity

    Ategrity

    Ategrity, headquartered in Scottsdale, Arizona, and serving agents and brokers across the United States, is a forward-thinking excess and surplus carrier with two underwriting divisions: brokerage and contract binding. Seasoned industry executives lead Ategrity from the insurance and technology industries

  • 4

    Axonu Underwriting

    Axonu Underwriting

    Axon Underwriting Services LLC was founded in 2013 by underwriting and brokerage professionals to raise the standard of business insurance performance. Axon allows its brokerage partners to extend current products by providing a highly efficient Program Administrator/MGA platform and insurance services

  • 5

    CCC Intelligent Solutions

    CCC Intelligent Solutions

    CCC offers insurance companies the resources to improve their clients' experiences, including proven AI solutions to personalized power choices at scale. It's AI technology assists insurers in achieving workflow efficiency and speedier resolutions, from automatically routing claims to creating line item estimates

  • 6

    COI Tracker

    COI Tracker

    It is neither fun nor glamorous to collect, verify, and report on Certificates of Insurance (COIs). But, regardless of its unappealing appearance, it is an essential component of every corporation to avoid the risks of claims and litigation that can be detrimental to the firm

  • 7

    Gallagher Bassett

    Gallagher Bassett

    Gallagher Bassett is a brokerage business. They offer property insurance, general liability insurance, car liability insurance, claims management, information management, workers' compensation insurance, and other services. Development and execution, emergency response and crisis planning, and assessment are part of their risk management services

  • 8

    Halo Claim Management

    Halo Claim Management

    HALO offers assistance to the policyholder and their immediate family, and in most situations, the policy covers the whole cost of the service provided. Their Claims Team will walk them through the process and ensure they have all the information they need to fulfill any claim

  • 9

    HCIactive

    HCIactive

    HCIactive is the industry leader in the digital group and individual policy enrollment, omnichannel benefits content access, and digital financial and health wellness solutions. Its comprehensive mobile capabilities are intended to satisfy the demands of the expanding Gig Economy by enabling highly tailored, consumercentric member interaction

  • 10

    Homee

    Homee

    HOMEE's completely integrated platform scales to meet business demands, resulting in a strong tool for insurance companies seeking to link adjusters, policyholders, and service providers (Pros) throughout the claims process. Use HOMEE's unique software to boost Net Promoter Scores and speed claims service

  • 11

    HyperScience

    HyperScience

    Hyperscience is reshaping the future of employment to maximize human potential. Its human-centered approach to automation ushers in a new era of human-machine collaboration that significantly improves organizational agility while eliminating the legacy cost and burden of change management

  • 12

    InShare Services

    InShare Services

    InShare comprises former Uber, Lyft, and Airbnb employees who have also gained extensive experience and knowledge in insurance, risk management, and claims with premier insurance carriers and brokers. They understand the specific requirements of Platforms because they have lived them firsthand

  • 13

    Imperial PFS

    Imperial PFS

    Imperial PFS is the commercial premium finance industry leader. They offer short-term loans to businesses and people to receive property and casualty insurance coverage, allowing them to free up money while still obtaining suitable insurance coverage. IPFS collaborates with its agency partners to provide a consistent premium financing experience for all parties involved

  • 14

    Kaboodle

    Kaboodle

    Kaboodle is an insurance collaboration that assists insurers and insurtechs in capturing data from different sources, consolidating it into a single source of truth, and harvesting actionable knowledge. Kaboodle products give P&C insurance carriers, TPAs, and MGAs important knowledge, allowing fact-based and data-driven choices

  • 15

    OutSystems

    OutSystems

    Thousands of clients across the world rely on OutSystems. This contemporary application platform allows businesses of all sizes to tackle any essential application, from legacy modernization and workplace innovation to customer experience transformation

  • 16

    Planck Resolution

    Planck Resolution

    Planck Resolution's objective is to provide rapid and accurate data insights to insurance firms. They deal with large data and use top data science talent to interact with all publicly available data sources, so carriers that run Planck don't have to

  • 17

    Roots Automation

    Roots Automation

    Roots Automation originated as a coffee shop talk between two former AIG executives. Roots Automation has a quest to make work more human, and they are working with its clients to create a new hybrid workforce that is creative, productive, and tailored to improve people's working life

  • 18

    SimpleSolve

    SimpleSolve

    SimpleSolve are proud of the 20-year growth of their Enterprise Insurance Solutions, which Insurance Professionals developed. When they work with businesses, they work with insurance specialists, not coders. Its mission is to facilitate the ongoing digitalization of insurance. They use technology to give their clients the greatest value and service possible

  • 19

    Tada Cognitive Solutions

    Tada Cognitive Solutions

    DATA is an anagram of Tada. It is a game-changing platform that links people, goods, and processes to deliver collaboration, orchestration, and visibility across the entire corporate ecosystem, using ground-breaking Digital DuplicateTM technology

  • 20

    Verikai

    Verikai

    Verikai uses Machine Learning to assess individual and group risk for the insurance sector accurately. Verikai's technology will allow businesses better understand their groups and out write the competition by utilizing behavioral data