Kanopi

What Kanopi does

Kanopi is an Australian insurtech company that operates a modular, full-stack insurance platform enabling insurers, Managing General Agents (MGAs), and brokers to configure, launch, and scale insurance products into new distribution channels in a fraction of the time and cost of legacy development cycles. The platform comprises four integrated modules: a Distribution Engine for multi-channel product delivery with full branding control; a Quote Engine for automated rating, underwriting, and referrals; a Policy and Claims Management Portal for self-service administration; and Portfolio Analytics for data-driven insights. Architecture is cloud-native and microservices-based, with open APIs designed for plug-and-play integration into partner ecosystems and legacy insurance core systems.

The platform's primary customers are enterprise insurers, MGAs, and distribution partners (notably insurance brokers and affinity partners), serving end customers who are typically SMEs and individuals. Kanopi operates a B2B SaaS model with subscription-based enterprise platform licensing and embedded white-label arrangements where partners deliver Kanopi-powered products under their own brand. The flagship commercial deployment is Lockton Pulse, Lockton's digital insurance offering for SMEs and individuals in the Pacific region, launched in October 2024 starting with the retirement living sector. Supporting partners and customer logos include Hollard, QBE, AWS, Stripe, OpenAI, Mixpanel, and FullStory.

Kanopi is incorporated in Australia as Expense Check Pty Ltd (ABN 34 163 634 946) trading as Kanopi Cover, headquartered in Melbourne, and holds an Australian Financial Services Licence (AFSL No. 529429). The company has raised approximately $3.85M across disclosed funding rounds, with lead participation from Hollard Insurance and backing from AfterWork Ventures, Investible, Tribe Global Ventures, and Folklore Ventures. The company is founder-led by Nigel Fellowes-Freeman and operates with 11-50 employees, having achieved ISO 27001 certification in under four months as a small startup.

Name

Kanopi

Legal name

Expense Check Pty Ltd

Website

https://kanopicover.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Kanopi is an Australian insurtech that provides a modular, full-stack insurance platform enabling insurers, MGAs, and brokers (including Lockton) to rapidly launch and distribute insurance products across digital channels with embedded, white-label, and API-driven deployment.

Ownership category

akta.pro rank

Product category

Insurance Technology Platform

NAICS

Computer Systems Design and Related Services (5415), 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)

Keywords

• Insurance platform software
• Embedded insurance solutions
• Policy administration system
• Underwriting automation tools
• Insurance distribution platform

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Insurance Distribution and Admin Platform: Kanopi operates as a B2B SaaS platform licensing its modular insurance technology to insurers, MGAs, and brokers. The platform is described as enabling rapid launch and scale of insurance products at a fraction of the time and cost of traditional development. Revenue is derived from platform licensing and usage fees charged to insurance carriers and distribution partners who embed Kanopi's technology.
2. Embedded Insurance as a Service: Kanopi powers white-label digital insurance offerings for partners (e.g., Lockton Pulse), where the partner's brand delivers insurance products powered by Kanopi's full-stack platform underneath. Kanopi earns revenue through the arrangement as the underlying platform and technology provider.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Kanopi provides a modular, full-stack insurance platform that enables insurers, MGAs, and brokers to rapidly configure, launch, and scale insurance products across any channel. The platform supports end-to-end insurance workflows including distribution, quoting, rating, underwriting, policy administration, claims management, and portfolio analytics, and is delivered via cloud-native, plug-and-play modules that integrate with legacy systems and partner ecosystems.

Product overview

Kanopi is a modular full-stack insurance platform comprising four integrated modules: the Distribution Engine for multi-channel product delivery, the Quote Engine for automated rating and underwriting, a Policy and Claims Management Portal for self-service administration, and Portfolio Analytics for data-driven insights. Together, these modules enable insurers, MGAs, and brokers to rapidly launch and scale insurance products within weeks instead of months.

Differentiator

Problem solved

Functional benefit

Products and services

• Kanopi Distribution Engine Module that enables insurers, MGAs, and brokers to distribute insurance products uniquely across channels while maintaining full control over the customer journey, experience, and branding.
• Kanopi Quote Engine Underwriting module that accelerates the customer journey through automated rating, underwriting, and referrals, delivering quotes to customers in real time.
• Policy and Claims Management Portal Self-managed portal for customers and agents to handle policies and claims within a custom-branded experience, supporting plug-and-play deployment or integration with third-party service providers.
• Portfolio Analytics Data-driven analytics module leveraging portfolio insights and analytics to identify new partnerships and growth opportunities, enabling insurers to scale their business.

Quantifiable outcome

• New embedded insurance product launched in under 10 weeks (vs. 12-18 months industry standard)
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature6 records

Partnerships

Six partnerships are on record, tiered flagship and core.

• LocktonflagshipChannel Partner/ Reseller/ DistributorLockton, the world's largest privately-owned insurance brokerage, launched 'Lockton Pulse' — a ground-breaking digital insurance offering powered by Kanopi's full-stack platform — targeting SMEs and individuals across Australia, starting with the retirement living sector. Kanopi serves as the insurtech partner powering Lockton's end-to-end digital insurance product, from quoting through policy management. Lockton Australia is on track to deliver a diverse pipeline of other products on the Kanopi platform.
• AWS (Amazon Web Services)coreTechnology or IntegrationAWS is listed as a supporting technology partner of Kanopi, providing the cloud hosting and storage infrastructure that underpins Kanopi's platform. AWS infrastructure is used across AU, EU, and UK regions, as confirmed in Kanopi's Subprocessors list.
• OpenAIcoreTechnology or IntegrationOpenAI is listed as a supporting technology partner and appears in Kanopi's 'Supported by' logo section. Kanopi uses approved AI tools to support business operations including document drafting, data analysis, meeting transcription, and customer support, with strict data handling controls including enterprise-grade AI platforms that do not train on customer data.
• StripecoreTechnology or IntegrationStripe is listed as a supporting technology partner of Kanopi, likely providing payment processing infrastructure for insurance transactions on the platform.
• HollardcoreChannel Partner/ Reseller/ DistributorHollard (an Australian insurance company) appears in Kanopi's 'Supported by' logo section, indicating an existing commercial or integration partnership within the insurance ecosystem.
• QBEcoreChannel Partner/ Reseller/ DistributorQBE (a global insurer) appears in Kanopi's 'Supported by' logo section, indicating an existing commercial or integration partnership within the insurance ecosystem.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Socotra: Socotra is a cloud-native core insurance platform offering policy administration, underwriting, and billing APIs. It competes most directly with Kanopi as a full-stack SaaS platform for insurers and MGAs modernizing away from legacy systems.
• Instanda: Instanda is an insurance product configuration and distribution platform enabling insurers and MGAs to launch and manage products digitally. It mirrors Kanopi's modular SaaS approach and target buyer (insurers/MGAs/brokers) seeking speed-to-market.
• Earnix: Earnix provides AI-driven rating, pricing, and personalization software for insurers. It overlaps directly with Kanopi's quote engine and predictive analytics modules, serving similar insurance carrier buyers.
• hyperexponential: hyperexponential offers a pricing decision platform for commercial and specialty insurers, including rating, underwriting workflows, and portfolio analytics. It competes with Kanopi on the underwriting and analytics modules targeting specialty insurers and MGAs.
• Shift Technology: Shift Technology provides AI-native decisioning solutions for insurance fraud detection, claims automation, and underwriting. It overlaps with Kanopi's data analytics, underwriting, and claims management capabilities, serving similar insurance carrier buyers.
• Inmediate: Inmediate is an APAC-based insurtech SaaS platform offering policy administration, claims, and distribution for insurers. It is a regional comparable to Kanopi given overlapping geographies (Singapore/Asia) and full-stack SaaS architecture.

Broad incumbents

• Duck Creek Technologies: Duck Creek is a major insurance SaaS provider offering policy, billing, and claims across P&C. It is a broad incumbent competing with Kanopi for the same insurer/MGA modernization budget, but at much larger enterprise scale and broader portfolio.
• Guidewire: Guidewire is the dominant insurance platform incumbent offering PolicyCenter, BillingCenter, and ClaimCenter. It represents the legacy modernization challenge Kanopi targets, but as a much broader and more deeply embedded incumbent.

Emerging players

• Planck: Planck provides AI-driven commercial insurance data and underwriting automation. It is an emerging player overlapping with Kanopi's data integration and risk-profiling modules, particularly for commercial and SME underwriting.
• Cytora: Cytora offers AI-based commercial underwriting workflow and risk data. It overlaps with Kanopi's underwriting and data analytics capabilities but focuses more narrowly on commercial risk digitization, making it a partial-overlap emerging player.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/KanopiCover
• YouTubeyoutube.com/@kanopi6754
• LinkedInlinkedin.com/company/kanopicover
• Facebookfacebook.com/kanopicover

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 Kanopi