Stere.io
Stere.io is a US-based insurance technology company that provides an API-first Insurance Platform-as-a-Service (PaaS) enabling insurers, MGAs, brokers, and embedded partners to launch, distribute, and operate digital insurance products in weeks, with operations in 15+ countries and offices in Dover, Miami, and São Paulo.
- Company typePrivate
- Founded2021
- HeadquartersDover, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Stere.io does
Stere.io (legal name: Stere) is a private US-based insurance technology company founded in 2021 and headquartered in Dover, Delaware, with additional offices in Miami and São Paulo. The company operates as an Insurance Platform-as-a-Service (PaaS), delivering an API-first middleware layer that enables insurers, Managing General Agents (MGAs), brokers, and embedded distribution partners to launch, distribute, and operate insurance products without replacing legacy core systems. Its core products include Stere API-as-a-Service (full-suite insurance APIs for quote, bind, issue, payment), Stere Distribution (multi-channel distribution orchestration), Stere Claims (claims management with FNOL automation and fraud detection), Stere Pay and Stere Pay Later (digital and BNPL premium payments), and Stere Re (reinsurance management), complemented by an AI-powered Underwriting Workbench and a low-code Rapid Product Builder.
Stere serves three primary customer segments: large insurers seeking digital transformation without rip-and-replace of legacy systems; MGAs needing rapid product deployment (claim: 3-4 weeks versus traditional 9-12 months); and non-insurance brands seeking to embed insurance coverage at point of sale across verticals including vertical SaaS, retail/ecommerce, logistics, mobility, real estate, lending, fintechs, and payments platforms. The technology stack is cloud-based and API-first, with a "build once, distribute anywhere" architecture allowing a single product configuration to be distributed across brokers, wholesalers, digital platforms, embedded channels, and AI marketplaces. Certifications include SOC 2 Type II and ISO 27001. Quantified outcome claims include 6x lower total cost of ownership versus legacy systems, 30% reduction in policy administration costs, 20% improvement in underwriting accuracy, 25% increase in quote-to-sale conversion, 40% reduction in claims processing time, and 35% reduction in fraudulent claims.
The company generates revenue through subscription-based platform fees, transaction and usage-based pricing tied to premiums written, and platform licensing for carriers and MGAs (functioning as "MGA in a box"). Pricing is not publicly disclosed and operates on a multi-year enterprise contract basis. Go-to-market combines enterprise field sales, channel partnerships (notably with CorX in Brazil and mShift's marketplace), and developer-led self-service adoption. As of December 2021 the company had engaged 40+ MGAs managing over $1.2 billion in annual premiums and operated in 15+ countries. Total disclosed funding is approximately $7 million across a December 2021 seed round led by Fin Capital and a September 2022 round led by Obra Capital, with additional participation from Correlation Ventures, Farmington Capital Partners, InsurTech Fund, Hartford Investment Management Co., Liquid 2 Ventures, Plug and Play, and Sandalphon Capital.
Stere.io firmographics
Firmographics- Name
- Stere.io
- Legal name
- Stere
- Website
- https://stere.io
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Stere.io is a US-based insurance technology company that provides an API-first Insurance Platform-as-a-Service (PaaS) enabling insurers, MGAs, brokers, and embedded partners to launch, distribute, and operate digital insurance products in weeks, with operations in 15+ countries and offices in Dover, Miami, and São Paulo.
- Ownership category
- akta.pro rank
Stere.io industry classification
Industry- Product category
- Insurance Platform-as-a-Service (Insurance Technology Software)
- NAICS
- Software Publishers (5132), Computer Systems Design and Related Services (54151)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)
- 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), Reinsurance & Risk Transfer Platforms (Placement, Treaty/Fac, ILS Tech) (FSAGAGAH), Enterprise PaaS (App Runtime & Managed Application Platforms) (HDAEAKAB)
Keywords
Where Stere.io is headquartered
LocationHeadquarters
- HQ city
- Dover
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Stere.io business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- API-as-a-Service Platform Subscription: SaaS-based platform subscription model providing access to insurance technology infrastructure including policy administration, claims management, billing, and underwriting tools via APIs. Low upfront CapEx with operational expenditure model.
- Transaction and Usage-Based Fees: Costs tied to premiums written or transaction volume, aligning with Opex model and providing scalable pricing based on platform usage.
- Insurance Platform Licensing: Platform licensing for carriers and MGAs to deploy digital insurance products, functioning as 'insurance company in a box' or 'MGA in a box' solution.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Enterprise Insurance PaaS |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels7 records
Stere.io product offering
Product offeringCore offering
Stere.io provides an API-first Insurance Platform-as-a-Service (PaaS) that enables insurers, MGAs, brokers, and embedded insurance partners to build, deploy, and distribute insurance products in 3-4 weeks. The platform covers the full insurance lifecycle — quote, bind, issue, policy administration, claims, payments, and reinsurance — through a modular suite of APIs that co-exists with legacy core systems. Its AI-powered underwriting workbench, straight-through processing, and 'build once, distribute anywhere' architecture serve enterprise insurers and MGAs seeking digital transformation without rip-and-replace.
Product overview
Stere.io operates as an Insurance Platform-as-a-Service (PaaS) with a modular architecture. The core platform consists of Stere API-as-a-Service (enabling API development in weeks), Stere Distribution (optimizing insurance distribution), Stere Claims (automated claims management), and Stere Re (reinsurance management). These are complemented by payment products including Stere Pay and Stere Pay Later (BNPL for premiums). The platform includes AI-powered capabilities such as the UW Workbench for intelligent underwriting and a Rapid Product Builder for low-code product configuration. All components share a unified API layer and support multi-channel distribution through a 'build once, distribute anywhere' architecture.
Differentiator
Problem solved
Functional benefit
Products and services
- Stere API-as-a-Service API-first platform enabling insurers and MGAs to build full-suite insurance APIs in weeks, streamlining the customer experience from quote through payment and policy issuance with minimal human intervention.
- Stere Distribution Insurance distribution solution that optimizes workflows for brokers, embedded partners, and other distribution channels, ensuring seamless integration, speed to market, and maximized performance through technology-driven processes.
- Stere Claims Claims management solution enabling automated First Notice of Loss (FNOL), instant claim initiation through client portals, AI-powered fraud detection, and streamlined claim workflows with integrated payment gateways.
- Stere Pay Digital payment solution enabling instant premium billing and collection for insurance policies, supporting real-time payment processing without human intervention.
- Stere Pay Later Buy-now-pay-later gateway for flexible premium payments in the insurance sector, enabling customers to spread premium costs over time.
- Stere Unified API Unified API layer providing comprehensive access to Stere's insurance platform capabilities, enabling seamless integration with any partner system or distribution channel.
- Stere Re Reinsurance management solution enabling efficient management of reinsurance relationships, capacity matching, and risk transfer processes.
Quantifiable outcome
- 6x lower total cost of ownership compared to traditional legacy systems
- +8 more outcomes
Companies that use Stere.io
Customer profileNamed customers8 records
Segments8 records
Ideal customer profiles4 records
Stere.io technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability6 records
Feature10 records
Stere.io partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- FetracoreStere powers Fetra's marine insurance digital platform, enabling 100% digital execution with quoting times reduced to minutes. API-first architecture connects over 3,000 brokers with carriers SOMPO and AKAD for real-time risk appetite matching. Fetra operates as high-tech insurance hub using Stere's Insurance PaaS as middleware layer.
- mShift (Millennial Shift Technologies)coreStrategic partnership combining Stere's API-first Insurance PaaS with mShift's marketplace distribution ecosystem. Integration enables MGAs to launch new programs in 3-4 weeks and distribute through mShift Marketplace storefronts. mShift's Quantum AI provides data ingestion and structuring, with structured data flowing into Stere's intelligent underwriting workbench. Collaboration streamlines data processing through AI-powered tools and enables faster quote, bind, and policy issuance timelines.
- CorXcoreStere selected as core technology provider for CorX, a new digital insurance platform for brokers across Brazil created in collaboration with Sincor-SP (national insurance brokers association). Stere enables complete digitization of insurance lifecycle in three weeks, including rate, quote, bind, issue, and payment for products from Allianz, Axa, Akad, Peti, and IGS. Platform launch ahead of CONEC 2025 conference.
- Once Insurance GroupcoreStere powers Once Insurance Group's entry into watch and jewelry coverage market. Powered by Stere's digital infrastructure, Once launched innovative one-time premium product for 5-year protection with approximately 35% savings vs traditional options. Stere enables fully digital process with coverage quoted, purchased, and obtained in under 3 minutes. Policy covers items up to $5,000 with plans to expand offering.
- Sincor-SPcoreNational insurance brokers association in Brazil collaborating with CorX and Stere to create digital marketplace for brokers. Sincor-SP organized CONEC 2025 conference where CorX platform was launched. Association represents insurance brokers in São Paulo, Brazil's largest insurance market.
- Perr & KnightminorProduct development partner for Once Insurance Group's watch and jewelry insurance product. Collaboration with Stere and AM Specialty Insurance Company to create innovative small valuables coverage.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
Stere.io competitors and assessment
Company assessmentEmerging players
- Boost Insurance: Insurance infrastructure platform enabling embedded insurance distribution via APIs for digital brands. Directly comparable to Stere on embedded-insurance enablement, with overlapping use cases (Vertical SaaS, retail, fintech distribution) but a narrower product scope (no full core).
- bolttech: Global insurtech enabling embedded insurance distribution and product building for carriers and partners across APAC, Americas and Europe. Comparable to Stere on embedded insurance and multi-channel distribution, with stronger international scale.
- Slice Insurance Technologies: Cloud-based insurance platform providing digital infrastructure for MGAs and carriers, focused on small commercial lines and embedded distribution. Comparable to Stere as an API-first platform serving MGAs and embedded partners.
Broad incumbents
- Duck Creek Technologies: Established provider of core insurance SaaS suites (Policy, Billing, Claims) and industry SaaS for P&C insurers. A larger incumbent offering overlapping capabilities to Stere's API-first core, with much broader scale and an established carrier customer base.
- Insurity: Provider of core insurance software and analytics for P&C carriers, MGAs and TPAs. Overlaps with Stere across policy admin, claims and analytics, with a stronger footprint in specialty/MGA segments where Stere also plays.
- Guidewire Software: Market-leading core insurance platform for P&C insurers, offering policy, billing, claims and analytics with Guidewire Cloud. Competes with Stere in modernizing insurance cores, but at much larger scale and with deeper carrier entrenchment.
Direct peers
- Instanda: Cloud-native, low-code insurance product builder and policy administration platform for insurers, MGAs and brokers. Directly comparable to Stere on rapid product configuration and multi-channel deployment, with similar 'weeks not months' value proposition.
- Socotra: Core insurance SaaS platform offering cloud-native policy administration, underwriting, billing and claims via APIs. Directly comparable to Stere as an API-first core system for insurers and MGAs, with similar 'modern core' positioning versus legacy vendors.
- EIS Group: Core insurance platform providing policy administration, billing, claims and customer engagement for life, health and P&C carriers. Comparable to Stere as a modern, API-exposed core, though EIS skews toward larger incumbents and complex L&H environments.
- Majesco: Cloud-native core insurance platform (P&C and L&H) with API-led architecture for MGAs and insurers. Directly comparable to Stere on product scope (policy, billing, claims, distribution), though Majesco has deeper market penetration and broader product breadth.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Stere.io social profiles
Digital presenceStere.io compliance and trust
Trust signalCompliance2 records
Stere.io financial estimates
Financial estimateRevenue estimate
Valuation estimate
Stere.io leadership team
Management profileNumber of profiles
Profiles5 records
Stere.io funding detail
Funding detailFunding overview
Funding rounds3 records
Investors11 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Stere.io M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Stere.io
What does Stere.io do?
Stere.io provides an API-first Insurance Platform-as-a-Service (PaaS) that enables insurers, MGAs, brokers, and embedded insurance partners to build, deploy, and distribute insurance products in 3-4 weeks. The platform covers the full insurance lifecycle — quote, bind, issue, policy administration, claims, payments, and reinsurance — through a modular suite of APIs that co-exists with legacy core systems. Its AI-powered underwriting workbench, straight-through processing, and 'build once, distribute anywhere' architecture serve enterprise insurers and MGAs seeking digital transformation without rip-and-replace.
Is Stere.io a public or private company?
Stere.io is a private company. It is classified as venture growth investor backed and is currently operating.
When was Stere.io founded?
Stere.io was founded in 2021. It employs 11 to 50 people.
Where is Stere.io based?
Stere.io is headquartered in Dover, United States, in the North America region.
How does Stere.io make money?
Three revenue lines are on record. API-as-a-Service Platform Subscription is the primary driver. The others are transaction and Usage-Based Fees and insurance Platform Licensing.
Who are Stere.io's main competitors?
Emerging players on record are Boost Insurance, bolttech and Slice Insurance Technologies. Broad incumbents are Duck Creek Technologies, Insurity and Guidewire Software. Direct peers are Instanda, Socotra, EIS Group and Majesco.
Does Stere.io have an API?
Yes. Stere offers a Comprehensive API Suite enabling insurers and MGAs to build full-suite insurance APIs in weeks, streamline customer experience from start to finish including payments and policy issuance, and distribute products across any channel. The platform supports Quote-Bind-Issue-Payment APIs, Underwriting APIs, Policy Management APIs, Claims Processing APIs, and Customer Service APIs. It features a 'build once, distribute anywhere' architecture allowing products to be deployed across brokers, wholesalers, digital platforms, embedded channels, and AI platforms through a single set of robust APIs. Developer documentation is at www.stere.io/developer/stere-docs.
What industry is Stere.io in?
Stere.io's product category is Insurance Platform-as-a-Service (Insurance Technology Software). Its primary akta.pro industry code is FSAGAGAB, Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS), with a secondary code of FSAGAGAE, Data, Analytics & AI for Insurance (Risk, Pricing, Personalization). Its NAICS code is 5132 and its SIC code is 7372.