Powerbroker AI

What Powerbroker AI does

Powerbroker AI is a San Francisco-based, privately held AI software company founded in 2023 that builds a document intelligence platform specifically for commercial insurance brokers and agencies. The platform automates document-intensive workflows across the broker lifecycle, including coverage checking, quote and policy comparison, forms comparison, proposal generation, Schedule of Values (SOV) building and comparison, policy checking, contract review, claim denial review, natural language Q&A over insurance documents, and structured data extraction from schedules and ACORD forms. Its technical foundation is a proprietary AI model trained on insurance-specific data and edge cases, with the company claiming 99.4% accuracy and SOC 2 Type II compliance, and with all customer data and personnel kept within the United States.

The company sells through a subscription-based SaaS model with annual billing and quote-based pricing calibrated to agency size and revenue (the demo request form segments prospects from under $1M to over $10M in annual revenue). Go-to-market is a direct enterprise sales motion targeting mid-market and enterprise insurance agencies, with demo-driven conversion and customer evidence drawn from named accounts including Scott Insurance, Epic Insurance Brokers, The Partners Group, IMA, and Plexus Groupe. Marketing emphasizes content (case studies, LinkedIn) and a clear positioning wedge against generic AI tools that the company argues are unsuitable for insurance due to SOC 2 and regulatory risk.

Powerbroker AI is led by co-founders Patrick Cooney (President) and Marcus Gallagher (CEO), with David Alson also listed as a co-founder and Saimon Sharif as Head of Engineering. The company has raised approximately $1.55M across a March 2024 seed ($50K, led by BrokerTech Ventures with Clocktower Technology Ventures) and an April 2024 round ($1.5M). The company is in active development of Applied Epic and broader Agency Management System (AMS) integrations and has expanded into Employee Benefits and a beta ACORD-125 auto-fill capability, signaling intent to broaden from analysis into transactional workflows.

Name

Powerbroker AI

Legal name

Powerbroker AI

Website

https://powerbroker.ai

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Powerbroker AI is a San Francisco-based AI software company founded in 2023 that builds a SOC 2 compliant document intelligence platform for commercial insurance brokers, automating coverage analysis, policy comparison, proposal generation, and ACORD form workflows through subscription SaaS sold to mid-market and enterprise insurance agencies.

Ownership category

akta.pro rank

Product category

Insurance Technology (InsurTech)

NAICS

Software Publishers (513210)

SIC

Insurance Agents, Brokers & Service (6411), Services-Prepackaged Software (7372)

akta.pro primary industry

Customer Engagement, CRM & Agent/Broker Enablement Platforms (FSAGAGAD)

akta.pro secondary industry

Document, Workflow & Policy Servicing Automation (RPA/No-Code) (FSAGAGAK)

Keywords

• Insurance document automation
• AI policy analysis
• Commercial insurance software
• Coverage gap detection
• Broker workflow automation

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Subscription: Subscription-based revenue model for AI-powered document intelligence platform. The company offers subscription agreements with customizable terms based on agency size and needs. The FAQ mentions subscription agreement length as a topic, indicating contractual commitments.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Powerbroker AI provides an AI-powered document intelligence platform built specifically for commercial insurance brokers. The platform automates coverage checks, quote and policy comparison, forms comparison, proposal generation, Schedule of Values (SOV) building and comparison, policy checking, contract review, claim denial review, and natural-language Q&A on insurance documents. It is delivered as a subscription SaaS product to commercial insurance agencies in the United States.

Product overview

Powerbroker AI is an AI-powered document intelligence platform designed specifically for commercial insurance brokers. The platform offers a unified system with a comprehensive workflow library including Policy Check, Quick Comparison, Coverage Gaps, Proposal, Coverage Summary, Contract Reviews, Claim Denial Review, Ask A Question, Insurance Chat, Schedule of Insurance extraction, ACORD-125 auto-fill (beta), and Location Schedule extraction. The core product suite consists of six primary AI-powered capabilities—Coverage Check, Quote/Policy Comparison, Forms Comparison, Proposal Generation, SOV Builder and Comparison, and Policy Checking—that work together to automate the analytical work commercial brokers do with policy and coverage documents. Additional specialized modules include Contract Reviews, Claim Denial Review, natural language interfaces (Ask A Question, Insurance Chat), and document extraction tools for schedules and ACORD forms. The platform is built on a proprietary AI model specifically trained for insurance, achieving 99.4% accuracy, and supports employee benefits lines with integrations to AMS platforms and Applied Epic in development.

Differentiator

Problem solved

Functional benefit

Products and services

• Powerbroker AI Document Intelligence Platform Subscription SaaS platform that uses an insurance-specific AI model to analyze policies, compare quotes and forms, identify coverage gaps, generate proposals, build and compare Schedules of Values, review contracts, analyze claim denials, and answer natural-language questions about insurance documents, sold to commercial insurance agencies in the United States.
• ACORD-125 Auto-fill (Beta) Beta capability of the Powerbroker AI platform that automatically fills ACORD-125 forms from extracted insurance document data, for commercial insurance brokers handling auto insurance submissions.

Quantifiable outcome

• Increase agency efficiency by 25% overnight
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability6 records

Feature11 records

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Chisel AI: AI-powered document intelligence and submission intake platform purpose-built for commercial insurance. Closest direct competitor to Powerbroker AI, addressing policy checking, quote comparison, and submission triage for insurance brokers with similar NLP-led workflows.
• Cytora: AI platform for commercial insurance that digitizes and processes unstructured submission documents for brokers and carriers. Overlaps with Powerbroker AI on document intelligence and underwriting workflow automation within the same buyer segment.

Broad incumbents

• Applied Systems: Largest agency management system (Applied Epic) provider for insurance brokerages. Powerbroker AI is actively building integrations into Applied Epic, making Applied Systems both a critical distribution channel and the most powerful potential competitor with embedded AI ambitions.
• Vertafore: Major insurance agency management and workflow software provider serving commercial brokers. Competes indirectly through its agency management platform and embedded AI features such as quoting and document automation.
• Tractable: AI computer vision platform for insurance claims (auto and property). Adjacent AI-for-insurance peer with an established insurance footprint; competes for the same AI-in-insurance narrative even though its core modality is visual rather than text.
• Duck Creek Technologies: Core systems provider for insurance carriers (policy, billing, claims). Competes indirectly by offering carrier-side automation that could absorb broker-facing document intelligence functionality over time.
• Majesco: Cloud insurance platform for property & casualty insurers and MGAs. Adjacent incumbent with overlapping AI-led document and underwriting capabilities aimed at the broader insurance value chain.

Emerging players

• Five Sigma: AI-native claims management platform for insurance carriers and TPAs. Adjacent to Powerbroker AI in applying AI to insurance document workflows, though Five Sigma focuses downstream on claims rather than upstream broker workflows.
• Instabase: General-purpose AI platform for automating document-heavy workflows, including in insurance and financial services. Competes with Powerbroker AI on document intelligence capability but lacks insurance-specific domain depth and go-to-market focus.
• Eclipse AI: AI platform specialized for insurance agencies and brokerages to automate workflows, including document processing and producer enablement. Closely mirrors Powerbroker AI's positioning as a vertical AI tool for the brokerage channel.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/powerbroker-ai

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds2 records

Investors2 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 Powerbroker AI