GoDB Tech

What GoDB Tech does

GoDB Tech, operating under the Insillion brand, is a Chennai-headquartered insurtech platform founded in 2000 that sells cloud-based, low-code insurance software to insurance carriers and Managing General Agents (MGAs/MGUs/Program Administrators) globally across North America, the United Kingdom, and Asia Pacific. The company employs 251-500 people and delivers front-office and middle-office functions including product configuration, rating, underwriting, distribution connectivity, parametric product creation, and claims/submission workflow automation. Named customers include Royal Sundaram, ECICS Insurance Singapore, Tata, Chola MS, Bonzah, and Galaxy, with the company claiming 50+ customers, 50+ products launched on the platform, and billions in Gross Written Premium underwritten.

The platform is modular, comprising eight integrated modules — Fast Product Launch, Excel to API, Rating, Underwriting Suite, Workflows, Distribution, Parametric Solutions, and Submission Automation — plus a core MGA Policy Admin Suite 2.0. Technical differentiators include a low-code Excel-based configuration layer that enables new product launches in 4-8 weeks, an Excel-to-API conversion capability for modernizing legacy rating spreadsheets, pre-integrated risk data for accelerated underwriting, out-of-the-box APIs and producer portals for multi-channel distribution (B2B, embedded, B2C), and AI-integrated workflows for submission and FNOL automation. Deployment options include Bring Your Own Cloud (BYOC) and Hosted models, with modular integration alongside legacy core systems.

GoDB Tech operates a direct enterprise field-sales motion combined with API-driven embedded distribution. Revenue combines SaaS subscriptions (annual billing, customizable enterprise plans for carriers and MGAs writing more than $5M in GWP) with usage-based Pay-as-you-Grow pricing for smaller MGAs (under $5M GWP), supported by a 180-day commitment-free sandbox. Leadership includes CEO & MD Raja Raman, Co-founder Mahavir Chand, CTO/President Technology Anil Chakravarthy, President Insurance Sai Lakshmidhar, and Director Innovation Ravi Kiran. No funding rounds, revenue figures, or M&A activity are disclosed in the source material.

Name

GoDB Tech

Legal name

GoDB Tech

Website

https://go-db.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

251–500 employees

Short description

GoDB Tech, operating as Insillion, is a Chennai-based insurtech platform that provides cloud-based, low-code insurance software for carriers and MGAs globally, covering product launch, rating, underwriting, distribution, and AI-integrated claims workflows.

Ownership category

akta.pro rank

Product category

Insurance Software (Policy Administration Systems)

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Computer Systems Design and Related Services (54151)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)

akta.pro secondary industry

Data, Analytics & AI for Insurance (Risk, Pricing, Personalization) (FSAGAGAE)

Keywords

• Insurance software
• Policy administration system
• Underwriting automation
• Low-code platform
• Insurtech solutions

Headquarters

HQ city

Chennai

HQ country

India

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Subscription: Cloud-based software platform with subscription pricing for carriers and MGAs. Offers Pay-as-you-Grow model for smaller MGAs and customizable enterprise plans for larger carriers writing over $5M GWP.
2. Usage-based: Pay-as-you-Grow pricing model for MGAs with annual GWP between $0 and $5 million, adapting to the MGA's growth and premium volume.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

GoDB Tech operates the Insillion platform, a cloud-based, low-code insurance software suite for insurance carriers and Managing General Agents (MGAs). The platform provides front-office and middle-office capabilities including rapid product launch, rating, underwriting, distribution connectivity, AI-integrated claims workflows, and parametric insurance product creation, available as modular offerings deployable as BYOC or Hosted models.

Product overview

Insillion is a modular insurance software platform for carriers and MGAs, built and published by GoDB Tech. The platform offers a comprehensive suite of eight integrated modules: Fast Product Launch (for rapid product deployment using Excel-based tools), Excel to API (for converting legacy Rater-Excels to programmatic APIs), Rating (for low-code rate configuration), Underwriting Suite (for automated underwriting with pre-integrated risk data), Workflows (AI-powered automation for submissions and FNOL), Distribution (APIs and portals for multi-channel partner connectivity), Parametric Solutions (event-driven parametric insurance products), and Submission Automation (automated intake and enrichment). The platform supports both Greenfield implementations for new product launches and modular deployment to integrate with existing core systems. The platform is available in BYOC (Bring Your Own Cloud) and Hosted deployment models.

Differentiator

Problem solved

Functional benefit

Products and services

• MGA Policy Admin Suite 2.0 Cloud-based policy administration system with an integrated partner ecosystem designed to help MGAs grow faster, with new features for product launches, underwriting, and distribution connectivity.
• Fast Product Launch Enables launching new insurance products and covers to market in weeks (4-8 weeks) using existing Rater-Excels and low-code tools, rather than months.
• Excel to API Creates APIs from existing Rater-Excels, allowing conversion of legacy rating spreadsheets into programmatic API endpoints to modernize insurance core systems.
• Rating Low-code configuration capability enabling rapid rate changes for insurance products.
• Underwriting Suite Enables underwriting speed through automation and pre-integrated risk data, facilitating faster quote-to-bind processes.
• Workflows AI-integrated workflows for automating submission and claims FNOL (First Notice of Loss) processes with faster decision-making.
• Distribution Out-of-the-box APIs and producer portals enabling partner connectivity across B2B, embedded, and B2C distribution channels.
• Parametric Solutions Event-driven trigger-based parametric insurance product creation capabilities.
• Submission Automation Automates intake, triaging, and enrichment of submissions across multiple channels.

Quantifiable outcome

• Most carriers and MGAs can launch a new insurance product in 4 to 8 weeks
• +1 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature8 records

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Insurity: Insurity offers policy administration, billing, claims and analytics software for P&C carriers and MGAs, including embedded insurance and distribution capabilities. Direct overlap with Insillion's product, buyer segments, and emphasis on workflow automation.
• EIS Group: EIS offers a cloud-native, API-first core insurance platform (PolicyCore, ClaimCore, BillingCore) for carriers, MGAs and digital insurers. Highly comparable to Insillion on architecture, target buyers, and emphasis on rapid product configuration.
• Majesco: Majesco sells a cloud-based core insurance suite (Policy, Billing, Claims, Data & Analytics) to P&C and L&H carriers and MGAs. Closely aligned with Insillion on target buyers, deployment model, and emphasis on speed-to-market for new products.
• Sapiens International: Sapiens provides core insurance software (Policy, Billing, Claims) across P&C, L&H and reinsurance, with a focus on digital transformation. Targets the same carrier and MGA buyers as Insillion with overlapping SaaS policy administration capabilities.
• Duck Creek Technologies: Duck Creek provides a cloud-native core insurance suite (Policy, Billing, Claims, Rating) for P&C carriers and MGAs. Most directly comparable to Insillion: same customer base, same SaaS delivery, with a comparable low-code configuration layer and out-of-the-box integration story.

Emerging players

• Socotra: Socotra provides a cloud-native, API-first core insurance platform focused on speed and configurability for modern insurers and MGAs. Closely comparable to Insillion on architecture, low-code philosophy, and target buyer profile.
• Prima Solutions: Prima Solutions delivers SaaS core insurance software (policy, pricing, claims) primarily to European insurers and MGAs. Comparable to Insillion in product scope and in targeting MGAs seeking modern cloud-based administration.
• bolt (by Baringa): bolttech operates an insurance and protection distribution platform, with capabilities in embedded insurance and partner connectivity. Comparable to Insillion's Distribution module and embedded insurance use cases such as the Royal Sundaram IRCTC implementation.

Broad incumbents

• Vertafore: Vertafore is a large incumbent in the U.S. insurance distribution and agency management space (AMS, Sagitta, WorkSmart). Overlaps with Insillion's Distribution module and producer-portal capabilities for the MGA and carrier segment.
• Guidewire Software: Guidewire is the dominant core insurance platform vendor for P&C carriers (PolicyCenter, BillingCenter, ClaimCenter), with a much larger installed base. Comparable as the incumbent Insillion must displace or layer alongside for greenfield MGA and embedded insurance deals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/godbtech
• LinkedInlinkedin.com/company/godb

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

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 GoDB Tech