Kanopi
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.
- Company typePrivate
- Founded2019
- HeadquartersMelbourne, Australia
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
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.
Kanopi firmographics
Firmographics- 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
Kanopi industry classification
Industry- 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
Where Kanopi is headquartered
LocationHeadquarters
- HQ city
- Melbourne
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Kanopi business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise platform licensing — custom pricing based on insurer/carrier requirements |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
Kanopi product offering
Product offeringCore 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
Companies that use Kanopi
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
Kanopi technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature6 records
Kanopi partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered flagship and core.
- LocktonflagshipLockton, 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)coreAWS 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.
- OpenAIcoreOpenAI 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.
- StripecoreStripe is listed as a supporting technology partner of Kanopi, likely providing payment processing infrastructure for insurance transactions on the platform.
- HollardcoreHollard (an Australian insurance company) appears in Kanopi's 'Supported by' logo section, indicating an existing commercial or integration partnership within the insurance ecosystem.
- QBEcoreQBE (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
Kanopi competitors and assessment
Company assessmentDirect 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
Kanopi social profiles
Digital presenceKanopi compliance and trust
Trust signalCompliance1 record
Kanopi financial estimates
Financial estimateRevenue estimate
Valuation estimate
Kanopi leadership team
Management profileNumber of profiles
Profiles2 records
Kanopi funding detail
Funding detailFunding overview
Funding rounds3 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Kanopi 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 Kanopi
What does Kanopi do?
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.
Is Kanopi a public or private company?
Kanopi is a private company. It is classified as venture growth investor backed and is currently operating.
When was Kanopi founded?
Kanopi was founded in 2019. It employs 11 to 50 people.
Where is Kanopi based?
Kanopi is headquartered in Melbourne, Australia, in the Oceania region.
How does Kanopi make money?
Two revenue lines are on record. Insurance Distribution and Admin Platform is the primary driver. The others are embedded Insurance as a Service.
Who are Kanopi's main competitors?
Direct peers on record are Socotra, Instanda, Earnix, hyperexponential, Shift Technology and Inmediate. Broad incumbents are Duck Creek Technologies and Guidewire. Emerging players are Planck and Cytora.
Does Kanopi have an API?
No public API is recorded for Kanopi.
What industry is Kanopi in?
Kanopi's product category is Insurance Technology Platform. Its primary akta.pro industry code is FSAGAGAB, Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS). Its NAICS code is 5415 and its SIC code is 7372.