What Spear Technologies does

Spear Technologies (legally CHSI Technologies Corp) is a Denver, Colorado-based private software company that develops core property and casualty insurance enterprise systems for carriers, third-party administrators, risk pools, self-insured groups, self-insured employers, and public entities. Founded in 2009 with its first customer live in 2010, the company sells a unified core insurance platform branded SpearSuite™ that bundles policy administration and billing (SpearPolicy™), claims management (SpearClaims™), agent and policyholder portals (SpearPortal™), cloud hosting (SpearCloud™), and an embedded AI and analytics layer (SpearAI™). The platform is built fully on the Microsoft Power Platform low-code framework and deployed on Microsoft Azure, with SOC 2 Type 2 certification covering privacy, security, availability, confidentiality, and process integrity. A connection ecosystem ("Connections™") supplies thousands of plug-and-play integrations to insurance-specific tools (Appulate, Mitchell, Perr and Knight, Ebix), productivity suites (Office 365, OneDrive), document tools (Adobe), and CRM (Salesforce, eBrite).

The platform is positioned around two structural differentiators. First, a customer-managed deployment model under which clients license and operate the technology directly, retaining full data ownership and sovereignty rather than relying on a vendor-hosted captive. Second, "Accessible AI" — an embedded set of predictive analytics, generative AI, natural language processing, sentiment analysis, anomaly detection, and process automation capabilities delivered inside daily insurance workflows and configurable by business users through the low-code layer without developer involvement. Spear operates a sales-led, enterprise field sales go-to-market with quote-based annual SaaS subscriptions priced by organization type, user count, and module selection, targeting insurance executives and claims leaders across vertical segments.

The company merged with Insurium Inc. in February 2023 to combine its Connections™ policy and billing heritage with Insurium's SpearClaims™ claims product, and the combined SpearSuite™ reached general availability in 2023. Spear is backed by private equity sponsor Bow River Capital, which provides growth capital and operational support. Revenue is not publicly disclosed; named customers visible in source material include Pitman Family Farms (workers' compensation), the Virginia Auto Dealers Association (VADA), Utah Business Insurance Co., Synergy Comp, and George Hills (TPA), indicating an early footprint concentrated in workers' compensation and third-party administration with broader P&C ambition.

Name

Spear Technologies

Legal name

CHSI Technologies Corp

Website

https://spear-tech.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Spear Technologies (CHSI Technologies Corp) is a Denver-based private software company delivering a Microsoft Power Platform-based core property and casualty insurance suite — policy, billing, claims, portals, cloud, and embedded AI — to carriers, TPAs, risk pools, self-insured employers, and public entities.

Ownership category

akta.pro rank

Product category

Property and Casualty Insurance Core Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Services-Computer Programming Services (7371)

akta.pro primary industry

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

akta.pro secondary industry

Billing, Payments & Premium Finance Platforms (FSAGAGAI)

Keywords

• P&C insurance software
• Claims management software
• Policy administration software
• Insurance core systems
• Insurance AI analytics

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Subscriptions (SaaS): Cloud-based software-as-a-service subscriptions for core P&C insurance platform including policy administration, claims management, billing, and portal solutions. Customers license and operate the technology directly with full ownership and control.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Spear Technologies develops and sells SpearSuite™, a cloud-native property and casualty (P&C) insurance core software suite built on the Microsoft Power Platform and hosted on Microsoft Azure. The suite encompasses policy administration and billing (SpearPolicy™), claims management (SpearClaims™), agent and policyholder portals (SpearPortal™), cloud hosting (SpearCloud™), an integration ecosystem (Connections™), and embedded Accessible AI capabilities including predictive analytics, generative AI, and intelligent automation.

Product overview

Spear Technologies offers SpearSuite™, a comprehensive property and casualty (P&C) insurance software platform built on the low-code Microsoft Power Platform. The platform operates as a unified solution combining core modules (SpearPolicy™ for policy administration and billing, SpearClaims™ for claims management, SpearPortal™ for agent and policyholder portals, SpearCloud™ for cloud hosting) with add-on capabilities including Accessible AI (predictive analytics, generative AI, NLP), Connections™ (thousand+ third-party integrations), and analytics tools. The architecture is customer-managed with data sovereignty, enabling business users to configure workflows without developer intervention while maintaining enterprise-grade security on Microsoft Azure infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• SpearSuite™: Comprehensive property and casualty core insurance software solution including policy, billing, claims, and analytics built on Microsoft Power Platform.
• SpearPolicy™
• SpearClaims™
• SpearPortal™
• SpearCloud™
• SpearAI™
• Connections™

Products and services

• SpearSuite™ Comprehensive property and casualty core insurance software suite combining policy administration, billing, claims management, agent/policyholder portals, cloud hosting, AI, and analytics into a single unified platform for P&C insurance organizations.
• SpearPolicy™ Policy administration and billing solution for P&C insurance that simplifies underwriting, automates routine tasks, and enables better data understanding through integrated AI and analytics.
• SpearClaims™ Claims management software for P&C insurance with multi-client configuration, intelligent automation, predictive analytics, and seamless integration capabilities designed for scale across TPAs and carriers.
• SpearPortal™ Agent and policyholder portal solution that enables 24/7 self-service access, expands communication channels, and uses generative-AI-powered chatbots to assist with applications and claim filing.
• SpearCloud™ Cloud hosting solution that enables organizations to deploy the SpearSuite on Microsoft Azure infrastructure with full data sovereignty and customer-managed operations.
• Connections™ Integration Ecosystem Integration ecosystem offering thousands of plug-and-play connectors to third-party systems including insurance-specific tools (Appulate, Mitchell, Perr and Knight, Ebix), productivity software (Office 365), and CRM platforms (Salesforce).
• Accessible AI (SpearAI™) Embedded AI and analytics capabilities for insurance workflows including predictive analytics, generative AI, intelligent document processing, anomaly/fraud detection, and conversational insights accessible to business users without specialized IT resources.

Quantifiable outcome

• Operational efficiencies and improved customer service for workers compensation insurers
• +3 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability10 records

Feature8 records

Partnerships

Three partnerships are on record, tiered core and major.

• MicrosoftcoreTechnology or IntegrationCore platform infrastructure provider. SpearSuite is built on Microsoft Power Platform and hosted in Microsoft Azure. Spear is a certified Microsoft Partner Center service agent and reseller. The partnership provides SOC 2 Type 2 compliant cloud infrastructure.
• Insurium Inc.majorStrategic or Co-development PartnerIn February 2023, Insurium Inc. merged with Spear Technologies to enhance digital insurance operations and integrate low-code claims management solutions. The merger created a comprehensive full-suite insurance software solution for the P&C market.
• Microsoft AzurecoreTechnology or IntegrationCloud infrastructure hosting provider. SpearSuite is hosted in Microsoft Azure data centers providing redundancy, geographic distribution, and enterprise-grade security with certifications including ISO 27001, FedRAMP, HIPAA, SOC 1 and SOC 2.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Others

• CCC Intelligent Solutions: CCC provides insurance software and AI for auto claims and collision repair — adjacent in P&C claims and AI, overlapping with Spear's claims and analytics modules in auto lines.
• One Inc: One Inc provides digital payments and premium billing solutions for the insurance industry — complementary to Spear's billing module and a common integration partner in carrier stacks.

Direct peers

• Insurity: Insurity offers P&C core software, analytics, and digital engagement for carriers and TPAs — a direct peer competing for the same mid-market insurance organization buyers Spear targets.
• Sapiens International: Sapiens provides core insurance software solutions for P&C and other lines, including policy administration, billing, and claims — comparable in product scope and customer type to Spear.
• Majesco: Majesco delivers cloud-native core insurance software (P&C and L&H) for carriers, MGAs, and TPAs — a direct competitor with similar SaaS delivery and mid-market orientation.
• Origami Risk: Origami Risk provides a unified insurance platform for risk pools, TPAs, self-insureds, and carriers — the most closely comparable peer to Spear in size, vertical, and customer segment.
• Duck Creek Technologies: Duck Creek provides a cloud-native SaaS core suite for P&C insurers (policy, billing, claims) — the closest direct competitor to SpearSuite in delivery model and target buyer.
• Guidewire Software: Guidewire is the dominant P&C core insurance platform vendor serving carriers with policy, billing, and claims — SpearSuite targets an overlapping buyer base with similar modules, differing primarily in size and target segment.

Broad incumbents

• Vertafore: Vertafore is a large, established insurance technology provider spanning agency management, rating, and carrier workflows — a broader incumbent with overlapping P&C customer bases.
• Applied Systems: Applied Systems is a leading insurance technology platform focused on agencies and broker workflows — a broad incumbent with adjacent rather than direct core-carrier overlap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks3 records

Key highlights6 records

Customer concentration

• Xx.com/speartech1

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Spear Technologies