Martin & Company

What Martin & Company does

Martin & Company is a Pennsylvania-based insurance product management solutions provider founded in 1993, serving insurance carriers and Managing General Agents (MGAs) across the United States. The company delivers a platform of products and services spanning actuarial consulting, compliance, regulatory, legal, state filing, and post-filing compliance functions, with its flagship offering being the Workers Compensation Product Accelerator — a program covering the entire product lifecycle from development through ongoing maintenance, including state filings, rating engine updates, reporting, and bureau maintenance.

The company's underlying technology combines proprietary actuarial methodologies with API-driven service delivery. Martin & Company structures complex contract logic into Excel-based rating models, which partner Optalitix then converts into API-driven services. This is exemplified in partnerships with the H.W. Kaufman Group and Burns & Wilcox, where the company's actuarial models are integrated into Salesforce-based rating workflows for London Market commercial property products.

The business model is B2B, targeting enterprise insurance carriers and MGAs through direct enterprise sales and strategic partnerships. Revenue is generated through subscription/recurring platform services and professional actuarial consulting, with pricing not publicly disclosed and engagement-based. The company is privately held, received strategic investment from Polaris Growth Fund in January 2024, acquired IDP's Bureau Reporting Business and Compass Business in February 2025, and has been actively expanding its product surface and partnership ecosystem through 2026.

Name

Martin & Company

Website

https://martincompanyus.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

51–100 employees

Short description

Martin & Company is a Pennsylvania-based insurance technology provider founded in 1993 that delivers actuarial, compliance, state filing, and product lifecycle management services to U.S. insurance carriers and MGAs.

Ownership category

akta.pro rank

Product category

Insurance Product Management Software & Services

NAICS

Other Insurance Related Activities (52429), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Medigap Rate Filing, Actuarial & Product Strategy Services (HLAEADAF)

Keywords

• Insurance product management
• Actuarial consulting services
• Workers compensation solutions
• Insurance compliance services
• Insurance product filing

Headquarters

HQ city

Newtown Square

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Insurance Technology Solutions: Provides products and services to help insurance carriers and MGAs with compliance, performance, and speed to market. Revenue appears to come from platform/subscription-based services along with professional actuarial consulting services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Martin & Company provides insurance product management solutions to insurance carriers and MGAs, spanning the full product lifecycle from product development through speed-to-market delivery, compliance, performance optimization, and ongoing maintenance. Core deliverables include actuarial consulting, compliance/regulatory advisory, legal services, state filing and post-filing compliance, plus the proprietary Workers Compensation Product Accelerator platform for automating rating, bureau updates, and product servicing.

Product overview

Martin & Company is a Pennsylvania-based insurance product management solutions provider. The company offers a platform of products and services that help insurance carriers and MGAs with compliance, performance, and speed to market. The primary named product is the Workers Compensation Product Accelerator, which helps WC providers optimize their product lifecycle from development through ongoing maintenance, covering state filings, rating engine updates, reporting, and bureau maintenance. The company also provides actuarial consultancy services and partners with technology firms to deliver API-driven insurance solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Workers Compensation Product Accelerator Proprietary insurance product management platform purpose-built for the workers compensation line of business. Designed to accelerate product development, regulatory filings, rating, and ongoing maintenance for U.S. insurance carriers and MGAs.
• Insurance Product Management Solutions Platform Platform of products and services from Martin & Company that helps insurance carriers and MGAs with compliance, performance, and speed-to-market across the full insurance product lifecycle.
• Actuarial Consulting Services Actuarial consulting for insurance carriers and MGAs, supporting rate development, loss cost analysis, and product pricing decisions.
• Insurance Compliance & Regulatory Services Compliance and regulatory advisory services for insurance carriers and MGAs covering product form, rule, and rate filings across U.S. states.
• State Filing & Post-Filing Compliance Services End-to-end Department of Insurance (DoI) state filing services and post-filing compliance support, including bureau maintenance and ongoing rate/rule updates for insurance products.

Quantifiable outcome

• Accelerated product lifecycle from development through maintenance

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• OptalitixcoreStrategic or Co-development Partner · 28 April 2026Martin & Company acts as actuarial consultancy structuring contract logic into Excel-based rating models that Optalitix converts into API-driven services. This partnership supports Optalitix's integration with H.W. Kaufman's London Market commercial property products through Burns & Wilcox's Salesforce-based rating workflow.

Recent moves5 records

Expansion highlights5 records

Direct peers

• Insurance Technologies Corporation: ITC provides insurance product management, rating, and distribution solutions to carriers and MGAs — directly comparable to Martin & Company's insurance product management and Workers Comp accelerator offering.
• RGI (ReSource Pro): RGI delivers insurance product configuration, rating, and back-office services for P&C carriers and MGAs — a close peer to M&C's actuarial and product lifecycle services.
• Earnix: Earnix provides AI-driven rating and pricing engines for insurers, directly overlapping with M&C's rating engine update and contract-logic structuring capabilities.
• Milliman: Milliman is a global actuarial and consulting firm serving insurance carriers with regulatory filings, rating, and product strategy — overlapping with M&C's actuarial consultancy and state filing core.
• Oliver Wyman: Oliver Wyman provides insurance actuarial consulting, regulatory strategy, and product advisory services to carriers — comparable to M&C's actuarial and state filing consulting work.

Broad incumbents

• Sapiens International: Sapiens offers a broad P&C and life insurance software suite including product configuration, rating, and compliance — a broader incumbent with overlapping product management capabilities.
• Majesco: Majesco provides a cloud-native P&C insurance platform including product configuration, rating, and underwriting — comparable as a broader platform alternative to M&C's niche offering.
• Duck Creek Technologies: Duck Creek offers a P&C insurance suite covering product configuration, rating, underwriting, and bureau content — a broad incumbent competing in the same product lifecycle space.
• Insurity: Insurity provides P&C insurance software including policy administration, rating, and bureau management — directly comparable to M&C's rating engine and bureau maintenance services.
• Vertafore: Vertafore offers insurance distribution and agency management technology for P&C — adjacent incumbent with some overlap in product and bureau workflows serving carriers and MGAs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/martincompany

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Martin & Company