Peak3

What Peak3 does

Peak3 is a Singapore-headquartered insurtech SaaS company, founded in 2018 as ZA Tech and rebranded in June 2024, that builds cloud-native and AI-native platforms for insurers, managing general agents (MGAs), and digital ecosystems. The company offers three core products: Graphene, a modular intelligent insurance core platform supporting policy administration, billing, and claims across life, health, and P&C lines with multi-tenant architecture enabling multi-country harmonization on a single code base; Fusion, an orchestration platform for embedding and distributing insurance propositions through digital channels; and Agentic AI, an applied AI platform for document processing, fraud detection, and AI agent orchestration that operates as a standalone offering or embedded within Graphene and Fusion. Graphene v3, launched in May 2025, extends coverage into commercial lines and group health with OpenAPI 3.0.1 compliance, serverless architecture, and built-in pre-integrated AI capabilities.

Peak3 operates a B2B enterprise SaaS model with subscription-based pricing tied to policy volume, transaction count, and module selection, supplemented by professional services for implementation and customization. Its go-to-market combines direct enterprise sales to insurance CIOs and CEOs with embedded distribution partnerships through super-apps and e-commerce platforms including Lazada (joint venture), Grab, Klook, and TNG, plus an expanding system integrator network (FPT IS, Temus, EaZy Digital). The company serves over 50 insurance partners across more than 20 countries, with named clients including Zurich, Generali, AIA, Prudential, MSIG Asia, UNIQA, and Income Insurance. It has processed over 2 billion policies on Graphene, achieves 99.998-99.999% platform availability, and reports outcomes including 80%+ zero-touch claims automation and up to 80% IT cost reduction per market through multi-tenant architecture.

The company employs 500+ professionals across Singapore (global HQ), Dublin (European HQ), Tokyo, and Hanoi. It raised a $35 million Series A in June 2024 led by EQT and Alpha JWC Ventures to fund EMEA expansion and AI/analytics enhancement. Peak3 holds SOC 2 Type II, ISO 27001, and independently EY-attested GDPR certifications, and has been recognized by Gartner (APAC representative vendor for insurance core systems), ISG Provider Lens (Leader in 2024 for both Life/Retirement and P&C insurance platforms), CNBC (World's Top Fintech Companies 2025), and Celent.

Name

Peak3

Legal name

Peak Three Holding Pte. Ltd.

Website

https://peak3.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Peak3 is a Singapore-based insurtech SaaS company that provides cloud-native and AI-native core insurance (Graphene), orchestration (Fusion), and Agentic AI platforms to insurers, MGAs, and digital platforms across 20+ countries, serving 50+ enterprise clients including Zurich, AIA, Prudential, and Lazada.

Ownership category

akta.pro rank

Product category

Insurance Technology Platforms

NAICS

Other Insurance Related Activities (52429)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)

Keywords

• Insurance core platforms
• Embedded insurance software
• Insurance orchestration platform
• Agentic AI insurance
• Cloud-native insurtech

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. SaaS Subscription Model: Peak3 operates on a SaaS subscription model providing access to its insurance core platforms (Graphene, Fusion) and AI solutions. Revenue generated through recurring platform fees based on policy volume, transaction count, or tiered subscription plans.
2. Professional Services: Implementation and consulting services for system integration, deployment, and customization of Peak3 platforms for enterprise clients

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Peak3 provides cloud-native insurance core, distribution, and AI platforms for insurers, MGAs, brokers, and digital platforms. Its Graphene platform serves as an insurance core system for policy administration, billing, and claims, while its Fusion platform orchestrates insurance distribution across embedded and traditional channels. Agentic AI capabilities are layered across both platforms to automate underwriting, servicing, and claims workflows.

Product overview

Peak3 offers a modular platform architecture combining three core products: Graphene (Intelligent Insurance Core Platform) for policy administration, claims, and billing across life, health, and P&C insurance; Fusion (Insurance Orchestration Platform) for embedding and distributing insurance propositions through partners and digital channels; and Agentic AI (AI Platform) for embedded intelligence including document processing, fraud detection, and AI agent orchestration. The platforms are designed for flexible deployment - as full core replacement, individual modules, or middle-office layers - supporting digital-first and AI-first insurance business models across 20+ countries.

Differentiator

Problem solved

Functional benefit

Brands

• Graphene: Intelligent Insurance Core Platform - A cloud-native, AI-ready core platform for life, health, and P&C insurance that supports policy administration, billing, claims, and modernization capabilities.
• Fusion
• Agentic AI

Products and services

• Graphene

Quantifiable outcome

• New products launched in weeks instead of months
• +9 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability9 records

Feature6 records

Partnerships

16 partnerships are on record, tiered core and strategic.

• MSIG AsiacoreStrategic or Co-development Partner · 1 February 2026MSIG Asia appointed Peak3 as its digital insurance platform partner to accelerate digital strategy and expand across Asian markets. The partnership involves using Peak3's Graphene core insurance system to enhance connectivity, enable rapid product launch, and support growth through direct sales and partnerships.
• EaZy DigitalstrategicStrategic or Co-development Partner · 18 November 2025Strategic partnership with Thailand-based insurtech EaZy Digital to accelerate digital transformation in the Thai insurance sector. The collaboration aims to enhance insurance operations and distribution capabilities, initially building on a successful joint project in Vietnam.
• TemusstrategicStrategic or Co-development Partner · 1 September 2025Strategic partnership with Temus (established by Temasek) to accelerate AI-driven insurance innovation in Singapore and the broader region. The partnership aims to help insurers move beyond experimentation into enterprise-grade AI adoption.
• FPT IScoreImplementation/ SI/ Consulting Partner · 28 March 2025Strategic collaboration agreement with FPT IS (FPT Information System Corporation) to implement Peak3's cloud core insurance platform in Vietnam and expand across Southeast Asia. FPT IS established a dedicated team for implementation and support.
• LazadacoreStrategic or Co-development Partner · 20 January 2025Joint venture with Lazada to build the leading digital and embedded insurance ecosystem in Southeast Asia. The JV embeds insurance propositions into Lazada's ecosystem linking 160 million active users, with over 5 million policies issued since August 2024.
• GrabcoreOEM/ Whitelabel/ Licensing Partner · 1 January 2024Partnership with Grab for embedded insurance across hundreds of millions of transactions, enabling pay-per-trip coverage for gig workers across Southeast Asia.
• KlookcoreOEM/ Whitelabel/ Licensing Partner · 1 January 2021Partnership established in 2021 with Klook to scale travel insurance offerings across Klook's customer base using Fusion platform. Klook distributes tailored insurance propositions ranging from flexible cancellation to comprehensive travel insurance.
• Zurich Insurance GroupstrategicTechnology or IntegrationCustomer logo displayed indicating technology partnership with Zurich Insurance Group for insurance core modernization initiatives.
• GeneralistrategicTechnology or IntegrationCustomer logo displayed indicating technology partnership with Generali for insurance technology modernization.
• AIAcoreTechnology or IntegrationPartnership with AIA for multi-channel insurance operations using Graphene platform. AIA offers products through digital platforms like TNG, Shopee, Grab, and Lazada.
• UNIQAcoreTechnology or IntegrationMulti-country modernization partnership with UNIQA across six Southeast European countries using Graphene for harmonized insurance operations.
• Income InsurancecoreTechnology or IntegrationPartnership with Income Insurance using Graphene for SNACK platform offering stackable micro-insurance. Platform has 110K+ active users with 75% aged 18-37.
• TNG (Touch 'n Go)strategicChannel Partner/ Reseller/ DistributorPartnership with TNG digital wallet enabling AIA to offer cyber, travel, home, critical illness, and medical insurance products through TNG's app.
• AstrastrategicTechnology or IntegrationInsurance partner collaborating with Lazada JV to distribute property and casualty, accident and health, and life insurance products.
• SompostrategicTechnology or IntegrationInsurance partner collaborating with Lazada JV for insurance product distribution across Southeast Asia.
• CarrostrategicOEM/ Whitelabel/ Licensing PartnerPartnership with Carro for embedded insurance technology as referenced in JV comparison with Grab, Klook and Lazada partnerships.

Scale indicators16 records

Recent moves9 records

Expansion highlights7 records

Emerging players

• Socotra: Socotra offers a modern cloud-native core insurance platform with strong API-first design, targeting life and health insurers. It overlaps with Peak3's Graphene platform for digital-first insurers, particularly in the US market.
• bolttech: bolttech is a Singapore-headquartered embedded insurance platform enabling insurers to distribute products through digital partners across Asia. It competes with Peak3's Fusion platform in embedded insurance distribution across SEA and is geographically adjacent.
• INSTANDA: INSTANDA provides a no-code insurance platform for product configuration, underwriting, and policy administration targeting insurers, MGAs, and brokers. It competes with Peak3's Fusion orchestration platform in the digital distribution and embedded insurance space.
• IntellectAI: IntellectAI offers an AI-powered insurance platform (Intellect SEEC) for underwriting, claims, and distribution targeting life and P&C insurers. It overlaps with Peak3's AI capabilities and core platform, particularly in the APAC market.

Direct peers

• Insurity: Insurity provides cloud-based software for insurance carriers, MGAs, and TPAs including policy administration, billing, and claims. It is a direct competitor to Peak3 in the insurance core platform space, particularly in P&C.
• Majesco: Majesco offers cloud-native core insurance software for P&C, life, and health insurers with a low-code platform focus. It competes directly with Peak3 in the APAC and US mid-market modernization space and was recognized alongside Peak3 in ISG Provider Lens APAC 2024.
• Duck Creek Technologies: Duck Creek provides a SaaS-based suite of insurance software (Policy, Billing, Claims, Insights) targeting P&C insurers with cloud-native architecture. It is the closest direct competitor to Peak3's Graphene platform in the modern insurance core space, with overlapping target customers and go-to-market.
• EIS Group (now part of Mphasis): EIS provides a cloud-native, API-first insurance core platform (EIS CoreInsurance Platform) for life, health, and P&C carriers. It competes with Peak3 in the cloud-native core modernization segment, particularly for large global insurers.

Broad incumbents

• Guidewire Software: Guidewire is the leading provider of insurance core platform software (PolicyCenter, BillingCenter, ClaimCenter) for P&C insurers globally. While much larger and more established, it is the primary incumbent competitor to Peak3's Graphene platform for core modernization deals, particularly with global Tier-1 insurers.
• Sapiens International: Sapiens provides insurance software solutions for life, P&C, and reinsurance markets globally, including core platforms, data analytics, and digital engagement. It is a broader incumbent with overlapping life and P&C core modernization offerings versus Peak3's Graphene.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks3 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/peak-three

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Peak3