Insurium
Insurium (CHSI Technologies Corp) is a US-based insurtech providing cloud-based P&C insurance software — policy administration, low-code claims management, billing, rating, and agent/policyholder portals — sold as enterprise SaaS to property and casualty carriers.
- Company typePrivate
- Founded2010
- HeadquartersHenderson, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Insurium does
Insurium, operating under legal entity CHSI Technologies Corp, is a US-based insurtech company founded in 2010 and headquartered in Henderson, that built a cloud-based software platform for Property & Casualty (P&C) insurance carriers. The platform comprises integrated modules covering policy administration, claims management (delivered via a low-code approach), agent and policyholder portals, billing, rating, and cloud hosting, positioning Insurium as a vertical software suite for carriers modernizing away from legacy core systems.
The product is delivered as subscription-based enterprise SaaS to P&C insurance carriers, sold through a direct enterprise sales motion with quote-based, non-publicly disclosed pricing. The platform's value proposition centers on consolidating multiple point solutions into a single end-to-end P&C core stack, addressing pain points such as legacy system replacement, manual claims handling, fragmented vendor environments, and poor digital experience for agents and policyholders.
In February 2023, Insurium merged with Spear Technologies Inc. to form a combined entity that now operates under the Spear Technologies brand, while the underlying legal entity CHSI Technologies Corp continues to exist and the insurium.com domain redirects to spear-tech.com. The merger integrated Spear's low-code claims management with Insurium's policy, billing, rating, and portal capabilities, expanding the addressable footprint within the global insurance policy administration software market — projected to reach $6.37B by 2030 at a 12.1% CAGR. Leadership comprises a CEO (Jeremy Williams), two CTO figures (Chris Seeger and Lincoln Manning), a CFO (Gary Stone), and a VP of Industry Solutions (Len Rodkey).
Insurium firmographics
Firmographics- Name
- Insurium
- Legal name
- CHSI Technologies Corp
- Website
- https://insurium.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Insurium (CHSI Technologies Corp) is a US-based insurtech providing cloud-based P&C insurance software — policy administration, low-code claims management, billing, rating, and agent/policyholder portals — sold as enterprise SaaS to property and casualty carriers.
- Ownership category
- akta.pro rank
Insurium industry classification
Industry- Product category
- Insurance Core Systems Software
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)
- akta.pro secondary industry
- Claims Management & Digital FNOL Platforms (FSAGAGAC)
Keywords
Where Insurium is headquartered
LocationHeadquarters
- HQ city
- Henderson
- HQ country
- United States
- HQ region
- North America
Markets served
Insurium business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- P&C Insurance Software Subscriptions: SaaS-based software solutions for property and casualty insurance carriers including policy administration, claims management, billing, and rating systems delivered as cloud services
Distribution channels1 record
Insurium product offering
Product offeringCore offering
Insurium provides a cloud-based Property & Casualty (P&C) insurance software platform that delivers policy administration, claims management, billing, rating, agent and policyholder portals, and cloud hosting services. The offering is designed for P&C insurance carriers seeking to replace fragmented legacy systems with a unified, modern core suite.
Product overview
Insurium (CHSI Technologies Corp), now operating as Spear Technologies following a February 2023 merger, offers a unified P&C insurance software platform comprising multiple integrated modules. The platform delivers a comprehensive full suite of P&C insurance core business solutions including policy administration, claims management (with low-code capabilities), agent/policyholder portals, billing, rating, and cloud services. Following the merger with Spear Technologies, the combined company provides an end-to-end insurance technology stack for carriers seeking digital transformation.
Differentiator
Problem solved
Functional benefit
Products and services
- Insurium P&C Insurance Platform Cloud-based, end-to-end Property & Casualty insurance software platform delivering policy administration, claims management, billing, rating, agent and policyholder portals, and cloud hosting services. Designed for P&C insurance carriers and MGAs seeking a unified core systems replacement.
Quantifiable outcome
- Digital insurance operations enhanced through merger with Spear Technologies
Companies that use Insurium
Customer profileSegments1 record
Ideal customer profiles1 record
Insurium technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Insurium partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Spear Technologies Inc.flagshipIn February 2023, Insurium (CHSI Technologies Corp) and Spear Technologies merged to form a combined entity delivering comprehensive P&C insurance core business solutions. The merger integrated low-code claims management capabilities with Insurium's existing policy administration, billing, rating, and portal solutions to create a full-suite insurance software platform.
Scale indicators3 records
Recent moves4 records
Expansion highlights4 records
Insurium competitors and assessment
Company assessmentDirect peers
- Guidewire Software: Leading provider of core systems (PolicyCenter, ClaimCenter, BillingCenter) for P&C insurers worldwide. Most directly comparable to Insurium's full-suite P&C platform offering across the same module categories.
- Duck Creek Technologies: Cloud-native SaaS core systems provider for P&C insurers covering policy, billing, claims, and rating — a direct competitor to Insurium in the cloud-delivered P&C core systems category.
- Vertafore: Major provider of insurance software solutions for agents, carriers, and MGAs with strong P&C focus across policy administration, claims, and rating — comparable product footprint and customer base to Insurium.
- Insurity: Cloud-based P&C insurance core software platform serving carriers with policy administration, claims, billing, and analytics — overlapping directly with Insurium's core modules.
- Applied Systems: Provider of agency and carrier management software for the insurance industry, with P&C-focused workflow solutions comparable to Insurium's portal and policy administration offerings.
- Sapiens International: Global provider of software solutions for the insurance industry, including P&C core systems with policy administration, claims, and billing modules — comparable platform breadth to Insurium.
- Majesco: Cloud-native insurance core software platform for P&C and L&A carriers with policy, claims, billing, and analytics — a direct SaaS competitor in the same mid-market P&C segment Insurium targets.
- EIS Group: Provider of insurance core systems and digital experience platforms for P&C and life insurers, with policy administration, claims, and billing — comparable enterprise P&C platform to Insurium.
Emerging players
- Prima Solutions: European insurtech providing SaaS core systems for P&L and P&C insurers including policy, claims, and portal offerings — comparable platform scope though primarily European in focus.
- Intellect SEEC: Provider of AI-powered insurance software platforms for underwriting, claims, and distribution — overlapping with Insurium's claims management and rating capabilities.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights5 records
Customer concentration
Insurium social profiles
Digital presenceInsurium financial estimates
Financial estimateRevenue estimate
Valuation estimate
Insurium leadership team
Management profileNumber of profiles
Profiles5 records
Insurium funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Insurium 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 Insurium
What does Insurium do?
Insurium provides a cloud-based Property & Casualty (P&C) insurance software platform that delivers policy administration, claims management, billing, rating, agent and policyholder portals, and cloud hosting services. The offering is designed for P&C insurance carriers seeking to replace fragmented legacy systems with a unified, modern core suite.
Is Insurium a public or private company?
Insurium is a private company. It is classified as venture growth investor backed and is currently acquired.
When was Insurium founded?
Insurium was founded in 2010. It employs 11 to 50 people.
Where is Insurium based?
Insurium is headquartered in Henderson, United States, in the North America region.
How does Insurium make money?
One revenue line is on record: P&C Insurance Software Subscriptions.
Who are Insurium's main competitors?
Direct peers on record are Guidewire Software, Duck Creek Technologies, Vertafore, Insurity, Applied Systems, Sapiens International, Majesco and EIS Group. Emerging players are Prima Solutions and Intellect SEEC.
Does Insurium have an API?
No public API is recorded for Insurium.
What industry is Insurium in?
Insurium's product category is Insurance Core Systems Software. Its primary akta.pro industry code is FSAGAGAB, Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS), with a secondary code of FSAGAGAC, Claims Management & Digital FNOL Platforms. Its NAICS code is 5242 and its SIC code is 7372.