What AI Insurance does

AI Insurance (A.I. Insurance, Inc.) is a San Francisco-based software company founded in 2018 that sells an AI-powered insurance management platform to MGAs, MGUs, program managers, fronting carriers, reinsurers, agencies, TPAs, syndicates, and small liability carriers operating in specialty and commercial insurance. The company positions its product as an all-in-one alternative to fragmented legacy core systems such as Guidewire and Duck Creek, with explicit emphasis on small and mid-sized insurance operators that the founders identified as underserved by existing software.

The platform is architected around AI-driven document parsing and workflow automation. Proprietary models extract structured data from broker submissions, bordereaux reports (across Excel, CSV, PDF, and custom exports), defense counsel invoices, and loss runs; the same pipeline auto-builds quotes, validates against binder terms, populates underwriting workbenches, and feeds claims, billing, and reporting modules. Supporting modules include a rating engine with custom rules and risk-based pricing, policy issuance with one-click binding and e-signature, a financials module with self-reconciling billing, a customizable digital portal for brokers and insureds, comparative rating across carrier partners, and a Bill Pay feature backed by a Stripe Treasury-powered AI Insurance Operating Account. The platform exposes APIs for embedding quotes in broker portals and syncing submissions from internal systems, and integrates with 15+ third parties across property data (CoreLogic, HazardHub, PerilScore), workers compensation (NCCI), fraud and sanctions screening (NICB, OFAC), accounting (QuickBooks, Sage Intacct, NetSuite), and underwriting rule automation (Coherent Global).

The company operates a hybrid go-to-market combining enterprise field sales aimed at decision-makers with product-led growth mechanics, including free access for TPAs, unlimited users and data storage, and quote-based pricing. Subscription is the primary revenue stream, supplemented by usage-based fees per bordereau processed; pricing explicitly avoids per-seat, per-user, and percentage-of-premium charges. The platform is SOC 2 Type 2 and HIPAA compliant, supports 100+ lines of business, and counts over 100 insurance programs as customers — including PCH Mutual, Westwood Insurance Group, Magnolia LTC, RVI, and Caitlin Morgan Insurance Services. The company has raised approximately $4.95M across three disclosed rounds (2019–2022), with Haymaker Ventures leading the most recent $3.8M raise.

Name

AI Insurance

Legal name

A.I. Insurance, Inc.

Website

https://aiinsurance.io

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

AI Insurance provides an AI-powered insurance management platform for MGAs, MGUs, fronting carriers, reinsurers, agencies, TPAs, syndicates, and small liability carriers, automating underwriting, claims, bordereaux, billing, and policy workflows in a single unified SaaS system.

Ownership category

akta.pro rank

Product category

Insurance Management Software

NAICS

Other Insurance Related Activities (52429), Software Publishers (5132), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

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

akta.pro secondary industries

Data, Analytics & AI for Insurance (Risk, Pricing, Personalization) (FSAGAGAE), Document, Workflow & Policy Servicing Automation (RPA/No-Code) (FSAGAGAK), Insurance Program Administration & MGA/MGU Services (FSAEADAK)

Keywords

• Insurance management software
• AI underwriting platform
• Claims processing software
• Bordereaux management
• Specialty insurance automation

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Platform Subscription: AI Insurance offers subscription-based pricing that scales with business without charging based on premium, users, seats, or data storage. Contact sales for custom quotes. Includes unlimited users, logins, data storage, and custom report building.
2. Bordereaux Processing Fees: Usage-based pricing based on the number of bordereaux processed. Customers pay per bordereau regardless of business size, with no percentage of premium charged.
3. Bill Pay Services: Bill Pay feature available as part of subscription containing the Bill Pay module. AI Insurance Operating Account uses Stripe Treasury for money transmission services.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels9 records

Core offering

AI Insurance sells an all-in-one, AI-powered insurance management platform for specialty and commercial insurance programs. The platform unifies submissions intake, bordereaux parsing, underwriting/rating, policy issuance, claims management, billing/financials, and a customizable broker/insured portal into a single SaaS system. It is sold primarily via subscription with usage-based fees for bordereaux processing, targeting MGAs, MGUs, Program Managers, TPAs, fronting carriers, reinsurers, agencies, and small liability carriers.

Product overview

AI Insurance is an all-in-one insurance management platform designed for MGAs, MGUs, Program Managers, TPAs, Syndicates, Small Liability Carriers, Fronting Carriers, Reinsurers, and Agencies in the specialty insurance space. The platform is built as a unified system with multiple integrated modules including the Core System for overall program management, AI Bordereaux Management for automated bordereaux processing, AI Submissions Intake for broker email processing, AI Claims Processing for claims management, Underwriting Workbench for rating and premium calculation, Policy Management Module, Bill Pay for payment processing, Financials Module, Digital Portal for broker/insured self-service, Loss Management, and AI Data Import. All modules share a common data architecture allowing seamless workflows across the insurance lifecycle.

Differentiator

Problem solved

Functional benefit

Products and services

• AI Insurance Core Platform Unified, all-in-one insurance management SaaS platform for specialty and commercial insurance programs that combines submissions intake, underwriting/rating, policy issuance, claims management, billing/financials, and a customizable broker/insured digital portal in a single system with AI-driven automation throughout.
• AI Submissions Intake Automated submissions intake offering that reads broker email submissions, downloads and parses attachments (PDFs, Excel, CSV), extracts structured data, and builds draft quotes automatically without manual rekeying or data mapping; aimed at underwriters at MGAs, agencies and program managers.
• AI Bordereaux Management
• AI Claims Processing
• Underwriting Workbench and Rating Engine
• Bill Pay with AI Insurance Operating Account
• AI Insurance API Platform

Quantifiable outcome

• 111% average growth in annual premiums with AI Insurance
• +5 more outcomes

Named customers6 records

Segments7 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration15 records

AI capability7 records

Feature11 records

Partnerships

17 partnerships are on record, tiered core.

• CoreLogiccoreTechnology or IntegrationCoreLogic provides property data and analytics integrated into AI Insurance for risk assessment and underwriting. Used for property risk evaluation in the underwriting workflow.
• NCCIcoreTechnology or IntegrationNCCI provides workers compensation insurance data and rate information integrated into the underwriting and rating processes.
• OrderPoint (LexisNexis)coreTechnology or IntegrationOrderPoint streamlines vehicle and accident report ordering and retrieval for claims processing.
• NICBcoreTechnology or IntegrationNICB provides insurance fraud detection and prevention database services integrated into the claims workflow.
• VinCheckcoreTechnology or IntegrationVinCheck provides vehicle identification number verification for auto insurance underwriting and claims.
• OFACcoreTechnology or IntegrationOFAC sanctions compliance and screening integrated into the platform for regulatory compliance.
• Google MapscoreTechnology or IntegrationGoogle Maps provides location data for risk assessment and property evaluation in underwriting workflows.
• InsCiphercoreTechnology or IntegrationInsCipher provides surplus lines and Kentucky municipal tax services integrated for compliance in insurance billing.
• HazardHubcoreTechnology or IntegrationHazardHub provides property risk data for natural hazards and environmental factors for underwriting risk assessment.
• QuickBookscoreTechnology or IntegrationQuickBooks accounting integration for premium payments and financial reporting within the platform.
• Sage IntacctcoreTechnology or IntegrationSage Intacct accounting integration for premium payments and financial reporting.
• NetSuitecoreTechnology or IntegrationNetSuite ERP integration for premium payments and financial reporting.
• Coherent GlobalcoreTechnology or IntegrationCoherent Global automates underwriting logic, pricing models, and business rules with Excel-to-API conversion for rating engine configuration.
• PerilScorecoreTechnology or IntegrationPerilScore provides catastrophe peril scoring for hurricane, hail, tornado, wildfire, earthquake, and flood risk integrated into underwriting.
• Stripe Payments CompanycoreTechnology or IntegrationStripe provides money transmission services and account services for the AI Insurance Operating Account (Stripe Treasury), enabling premium collection and claims disbursement.
• Fifth Third BankcoreTechnology or IntegrationFifth Third Bank is a partner bank for the AI Insurance Operating Account, providing FDIC pass-through deposit insurance for funds held at the institution.
• Evolve Bank and TrustcoreTechnology or IntegrationEvolve Bank and Trust is a partner bank for the AI Insurance Operating Account, providing FDIC pass-through deposit insurance for funds held at the institution.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Vertafore: Agency management system and insurance workflow vendor widely used by commercial and personal lines agencies. Direct competitor for the agency segment of AI Insurance's customer base.
• Socotra: Cloud-native insurance core platform with API-first architecture for policy administration, billing, and claims. Targets similar MGA and carrier segments with a modern SaaS delivery model.
• Majesco: Insurance software vendor offering core systems, data analytics, and digital platforms for P&C and L&H carriers and MGAs. Overlaps with AI Insurance on underwriting workbench and policy admin modules.
• EIS Group: Insurance core platform serving life, health, and P&C carriers with policy administration, claims, and billing. Competes for similar enterprise insurance modernization opportunities.
• Insurity: Insurance software and analytics provider for P&C carriers, MGAs, and TPAs with policy admin, claims, and billing suites. Direct competitor in mid-market insurance core system deals.
• Guidewire Software: Leading insurance core system vendor for P&C carriers. Competes head-to-head with AI Insurance for policy administration, underwriting, and claims workloads, as explicitly referenced in customer testimonials.
• Origami Risk: Insurance-specific platform for policy admin, claims, billing, and analytics targeting MGAs, TPAs, and self-insureds. Closely comparable product breadth and customer profile to AI Insurance.
• Duck Creek Technologies: Cloud-native insurance core platform serving carriers and MGAs with policy, billing, and claims modules. Direct competitor in the same SaaS core insurance system category, also explicitly mentioned by AI Insurance customers.

Broad incumbents

• Applied Systems: Largest agency management and insurance technology provider serving agencies, brokerages, and carriers across North America. Competes broadly across agency workflows targeted by AI Insurance.

Emerging players

• Shift Technology: AI-native insurance platform focused on claims fraud detection, underwriting, and claims automation. Adjacent competitor leveraging similar AI/document parsing capabilities against similar insurance buyers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds3 records

Investors5 records

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

M&A

Investments

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

Frequently asked questions about AI Insurance