SAGAX

What SAGAX does

SAGAX is a privately held software development company headquartered in Kyiv, Ukraine, focused exclusively on the insurance industry. Founded in 2019, the firm employs over 100 in-house professionals and positions itself as an insurance vertical IT provider offering three service lines: custom software development, technology consultation by insurance domain experts, and product development of pre-built insurance-specific software. The company serves insurance carriers and distributors through a B2B enterprise engagement model structured around a four-phase delivery process from requirements gathering through ongoing technical support.

The company's core technology assets are two proprietary products marketed under the SAGACITY brand. The SAGACITY Insurance API Platform is a pre-built integration layer offering pre-built insurance APIs, product configuration capabilities, and customizable business process workflows. The SAGACITY Insurance Online Store is a consumer-facing digital sales platform featuring a low-code product management engine designed for rapid deployment of online insurance product sales. Together, these products enable insurance companies to digitize sales operations and integrate policy distribution channels.

SAGAX operates a hybrid revenue model combining professional services with recurring software product revenue. Custom software development and technology consultation are billed as project-based professional services, while the pre-built SAGACITY products are described as configurable, subscription-style solutions. Marketing and distribution are conducted through the company's own website, published case studies, and direct enterprise sales. The company reports no disclosed external investors, parent company, acquisitions, partnerships, or funding rounds, indicating a founder-led, bootstrapped operating structure. No public pricing, revenue figures, customer logos, or geographic expansion metrics are disclosed in the available source material.

Name

SAGAX

Legal name

SAGAX

Website

https://sagax.software

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

SAGAX is a Kyiv-based software development firm serving insurance companies with 100+ in-house professionals, offering custom software development, technology consultation, and pre-built products including the SAGACITY Insurance API Platform and Online Store.

Ownership category

akta.pro rank

Product category

Insurance Software Solutions

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Billing, Payments & Premium Finance Platforms (FSAGAGAI)

Keywords

• Insurance software solutions
• Insurance API platform
• Insurance online store
• Insurance IT services
• Insurance product development

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Development Services: Custom software development services for insurance companies, guiding clients through entire project lifecycle from concept to market-ready solution.
2. Technology Consultation: Insurance domain experts and development professionals collaboratively design optimal solutions tailored to client needs.
3. Pre-built Insurance Products: Suite of pre-built, industry-specific products (API Platform, Online Store) designed to meet insurance sector unique requirements, delivered as configurable software solutions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

SAGAX provides a portfolio of insurance-focused IT products and services for insurance companies. Its core offerings are the SAGACITY Insurance API Platform (pre-built API platform for product configuration and sales process streamlining) and the SAGACITY Insurance Online Store (a low-code-driven e-commerce platform for selling insurance products online), complemented by custom software development, technology consultation, and chatbot solutions tailored to the insurance sector.

Product overview

SAGAX provides a portfolio of insurance-focused IT products and solutions. The core offering consists of two integrated products: the SAGACITY Insurance API Platform and the SAGACITY Insurance Online Store. These products work together to enable insurance companies to digitize their sales operations—providing API connectivity for system integrations and a consumer-facing online store for direct policy sales.

Differentiator

Problem solved

Functional benefit

Brands

• SAGACITY Insurance API Platform: A pre-built insurance API platform enabling swift product configuration, pre-built APIs for streamlining sales processes, and the capability to market comprehensive insurance products online.
• SAGACITY Insurance Online Store

Products and services

• SAGACITY Insurance API Platform A pre-built API platform for insurance companies enabling swift product configuration, pre-built APIs to streamline the sales process, the ability to market a comprehensive spectrum of insurance products online, and the flexibility to establish and customize business processes to enhance sales operations.
• SAGACITY Insurance Online Store A complete online sales solution for insurance products featuring rapid time to market, an end-to-end online sales process, a comprehensive selection of insurance products, and product management powered by a user-friendly low-code engine.
• Software Development Services Custom software development services for insurance companies, guiding clients through the entire project lifecycle from initial concept to a market-ready solution using Agile or Waterfall approaches.
• Technology Consultation Technology consultation in which SAGAX's insurance domain experts and development professionals collaboratively design optimal solutions tailored to client needs.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators1 record

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• Infosys: Global IT services and consulting firm with a substantial insurance industry vertical offering application development, maintenance, and digital transformation. Overlaps with SAGAX's services and technology consultation streams in the insurance vertical.
• Cognizant: Global IT services giant with a large dedicated insurance practice delivering custom software, consulting, and platform implementations. Comparable to SAGAX's professional services and custom development revenue streams for insurance clients, but at far greater scale and with broader portfolio.
• Accenture: Global consulting and technology services firm with a large financial services and insurance practice. Comparable in offering enterprise custom software, technology consultation, and digital transformation for insurers, but as part of a much wider services portfolio.
• Hexaware Technologies: IT services and digital transformation provider with a strong insurance vertical, delivering automation, cloud, and application services. Comparable in business model and customer segment to SAGAX's services work for insurance carriers.

Direct peers

• EIS Group: Core insurance platform with digital engagement, policy administration, and distribution capabilities. Comparable as an insurtech platform targeting similar digital sales and product configuration use cases that SAGAX's Sagacity products address.
• Guidewire Software: Leading insurance core systems platform for P&C insurers, including policy, billing, claims, and digital portals. Comparable as a deep insurance-vertical software platform with overlapping product configuration and online distribution functionality.
• Majesco: Cloud-native core insurance software and digital distribution platform serving P&C, life, and health insurers. Comparable as a vertical insurance software vendor with both platform and services offerings, competing for similar insurance-company IT budgets.
• Insurity: Insurance software and analytics provider focused on P&C insurers, offering policy, billing, claims, and digital engagement solutions. Comparable as a vertical insurtech vendor competing for the same digital transformation budgets at insurance carriers.
• Duck Creek Technologies: Provider of core systems and SaaS platforms for P&C and life insurers, including policy administration, billing, and digital distribution tooling. Directly comparable to SAGAX's Sagacity API Platform and Online Store as a vertical insurance software platform targeting the same buyer.

Emerging players

• Thoughtworks: Global technology consultancy focused on custom software engineering and digital transformation for enterprise clients including insurers. Comparable in custom software development and technology consultation services for the insurance industry, with deeper focus on engineering excellence but no vertical product suite.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

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 SAGAX