Okayo

What Okayo does

Okayo is a Paris-based independent software publisher (SAS, SIREN 822 559 407) founded in 2016 that sells a configurable insurance management platform — a "progiciel" — to insurers, mutuelles, wholesale brokers (MGAs), and delegated management providers in France and select European markets. Its first production deployment occurred on 8 September 2014, predating formal incorporation and signaling product-market validation prior to company structuring. The platform is purpose-built for property-casualty (IARD) and personal insurance, covering contract management, claims workflows, technical and general accounting, GED/editique document production, reporting, and a standalone ODI data-integration layer for bordereau quality control in delegated-management flows.

The technical foundation is a Java back-end with an Angular front-end, a Ruby-based parameterization engine that allows SI and business profiles to configure products, pricing, guarantees, and workflows without modifying Java code, MySQL as the relational database, and native REST (Swagger) and SOAP webservices on all transactions. Deployment is on-premise or via a dedicated cloud instance, with multi-entity, multi-company, multi-taxation, and multi-lingual support built in. A standalone ODI module handles bordereau import, automated quality control with error feedback, configurable blocking and alert rules, and full flux historization — operating either independently or reintegrated with the core platform.

Okayo generates revenue through quote-based enterprise software licensing with multi-year subscription contracts and a structured Build & Run engagement model that combines deployment, SI integration, training, and ongoing product evolution with regulatory adaptations. The company sells exclusively via direct consultative enterprise sales, targeting IT and business decision-makers in insurance organizations; marketing is primarily website-driven (demo request, technical exchange, SEO for insurance-specific French keywords) and LinkedIn-supported. The firm is bootstrapped, with €10,000 share capital, no external institutional investors, and four named co-founders and associates leading the business.

Name

Okayo

Legal name

OKAYO

Website

https://okayo.fr

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Okayo is a Paris-based independent software publisher that sells a configurable insurance back-office platform to insurers, mutuelles, wholesale brokers (MGAs), and delegated management providers in France and Europe, covering contracts, claims, accounting, and document management with a proprietary parameterization engine.

Ownership category

akta.pro rank

Product category

Insurance Management Software

NAICS

Software Publishers (5132), Custom Computer Programming Services (541511)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

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

akta.pro secondary industry

Document, Workflow & Policy Servicing Automation (RPA/No-Code) (FSAGAGAK)

Keywords

• Insurance management software
• Policy administration system
• Claims management software
• Insurance back-office platform
• Insurance distribution software

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Licensing & Maintenance: Okayo operates as an independent software publisher selling its insurance management platform to insurers, mutuelles, wholesale brokers (MGA), and delegated managers. Revenue is generated through software licensing (on-premise or dedicated cloud instance) with ongoing maintenance, product evolution, and regulatory adaptation support (Build & Run model). The company does not directly manage hosting but facilitates deployment with cloud partners.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Okayo provides a configurable insurance management software (progiciel) covering the complete back-office for P&C and personal insurance operators, including contracts management, claims management, technical and general accounting, document management (GED/editique), workflows, reporting, and system integration via REST/SOAP web services. The platform is delivered to insurance companies, mutuelles, wholesale brokers (MGA), and delegated administrators under a Build & Run model combining software licensing with ongoing maintenance, regulatory adaptation, and product evolution. A companion Okayo Data Integration (ODI) module handles bordereau ingestion from delegated management workflows.

Product overview

Okayo is a single unified insurance management platform offered as a configurable progiciel (software package) covering the complete insurance back-office. The core Okayo platform provides an all-in-one solution integrating Contract Management, Claims Management, Technical & General Accounting, GED/Document Management, Workflows & Automation, Reporting, Multi-Entity Management, and API integration services. A separate optional module, Okayo Data Integration (ODI), provides standalone data import and quality control for delegated management flows and can operate independently or integrate with the main Okayo platform. The platform is built around a shared functional foundation with modular components that work independently but integrate naturally with each other. Development is 100% internal with Java backend, Angular frontend, Ruby-based parameterization engine, and MySQL database. The software supports on-premise deployment or dedicated cloud instances with isolated infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• Okayo Insurance Management Software Configurable insurance back-office platform covering contracts management, claims management, technical and general accounting, document management (GED), editique, workflows, reporting, and integration for P&C and personal insurance operators (insurers, mutuelles, wholesale brokers/MGA, and delegated administrators).
• Okayo Data Integration (ODI) Standalone data integration solution that handles the import of insurer and partner bordereaux with anomaly detection and reconciliation, operating independently or alongside the core Okayo back-office to support delegated administration and MGA workflows.

Quantifiable outcome

• Time-to-market on new products reduced by over 50% compared to prior solutions on led projects
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability2 records

Feature8 records

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Guidewire Software: Global leader in P&C core insurance platform (PolicyCenter, ClaimCenter, BillingCenter). Directly comparable as an end-to-end back-office suite for insurers and MGAs, though Okayo targets the French mid-market and delegated-management niche where Guidewire's footprint is lighter.
• Duck Creek Technologies: Cloud-native P&C core insurance suite (Policy, Billing, Claims, Insights). Competes for the same enterprise insurance buyer as Okayo with a SaaS-first delivery model, but typically targets larger carriers and lacks Okayo's delegated-management/MGA depth.
• Sapiens International: Global insurance software provider offering core platforms for P&C and life & health, plus digital and analytics suites. Shares the integrated back-office positioning with Okayo but operates at much larger scale across multiple geographies.
• Majesco: P&C and L&H core platform vendor serving North American and European insurers, including cloud-native P&C Suite. Comparable product breadth (policy, claims, billing, analytics) and insurance-specific focus, but at significantly larger scale.
• EIS Group: Core insurance platform (EIS Suite) for life, health, and P&C with strong emphasis on configuration without coding. Closely parallels Okayo's parameterization-based value proposition while serving larger global carriers and group benefits markets.
• Salesforce Financial Services Cloud: Global CRM/industry platform used by insurers for distribution, agent, and customer engagement layers. While not a core policy admin suite, it competes for the IT budget of insurance buyers Okayo targets and is increasingly bundled with core-system partners.

Direct peers

• Prima Solutions: Paris-based insurtech offering configurable core insurance software for P&C, health, and life, with strong French market presence. Most direct French-headquartered peer to Okayo, targeting mutuelles, insurers, and MGAs with a cloud platform.
• TIA Technology: European insurance core platform vendor (TIA E-IAS) specializing in P&C, life, and pensions for insurers and MGAs across Benelux and Northern Europe. Highly comparable in terms of configurable, multi-entity back-office serving regional European carriers.
• BNB (BNB Solutions / Assurex): French insurance software house providing back-office solutions for mutuelles, courtiers, and délégataires. Competes with Okayo in the same French mid-market insurance IT niche with similar product scope.

Others

• Sopra Steria Insurance: Major European IT services and software group with dedicated insurance vertical (Sopra Steria Insurance) running large back-office transformation projects. Competes indirectly via implementation partnerships with global core-platform vendors versus Okayo's product-led model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/okayo
• Xx.com/okayo_assurance

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Okayo