Lifeware

Name

Lifeware

Legal name

Lifeware

Website

https://lifeware.ch

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Lugano

HQ country

Switzerland

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Managed Software Service: Lifeware provides a comprehensive managed software service for life insurers on a subscription and usage-based model. The company handles all aspects of software operation including migration, infrastructure management, ongoing maintenance, support, and weekly releases. Pricing is described as 'pay per use' adapting to customer performance.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Lifeware provides a complete, fully integrated, web-based managed software service platform for life insurance companies. The solution covers the entire policy lifecycle including product development, risk analysis, policy administration, document management, asset management, payment traffic, reporting, finance and accounting, compliance, claims management, underwriting, reinsurance reporting, and multi-channel distribution. Delivered as a cloud-enabled SaaS offering with API integration capabilities, multi-currency and multi-language support across 7 languages.

Product overview

Lifeware is a Swiss software company founded in 1998 that provides a comprehensive, fully integrated, web-based software-as-a-service platform for life insurance product management. The core Lifeware Platform serves as the unified system, supported by modular capabilities including Product Management (encompassing product development, risk analysis, and time-based simulations), Policy Administration (policy lifecycle management from offer through in-force), Claims Management, Underwriting Process, Compliance and Regulatory Reporting, API Integration Services, and Business Analytics in conjunction with Galytix. The platform supports multicurrency and multilingual operations across multiple jurisdictions and serves 15 life insurance company customers worldwide.

Differentiator

Problem solved

Functional benefit

Products and services

• Lifeware Platform A complete, fully integrated, web-based software-as-a-service solution for the management of life insurance products. The platform encompasses product development, policy lifecycle management, risk analysis, time-based simulations, claims management, underwriting, compliance, regulatory and tax reporting, finance and accounting, document management, API integration, and business analytics capabilities. Sold as a managed software service to life insurance companies.
• Mosaic Policy Administration System Cloud-enabled proprietary policy administration system supporting the entire structured settlement and life insurance product lifecycle. Features include customizable quoting, electronic payments, automated workflows, streamlined policy servicing, multi-currency and multi-language support, API integration, and business analytics powered by Galytix AI.
• Mosaic Fixed-Rate Structured Settlement Annuity Capability New-business capability within Mosaic that supports traditional fixed-rate annuity products and structured settlement business, replacing manual processes with automated workflows including customizable quoting, electronic payments, and streamlined policy servicing. Built for insurance companies offering structured settlement products for injured parties and plaintiff attorneys.

Quantifiable outcome

• Significant cost reduction through automation and efficient managed service model
• +3 more outcomes

Named customers14 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability2 records

Feature7 records

Partnerships

One partnership is on record.

• Independent Life Insurance CompanycoreTechnology or Integration · 4 February 2026Lifeware developed the Mosaic policy administration system in partnership with Independent Life Insurance Company. The system supports Independent Life's entire structured settlement business lifecycle, enhancing internal efficiency, data access, reporting capabilities, and customer service responsiveness. All in-force fixed annuity policies were successfully migrated to the Mosaic platform.

Scale indicators4 records

Recent moves2 records

Expansion highlights6 records

Direct peers

• Sapiens International: Sapiens provides core insurance software solutions for life, pension, P&C and reinsurance carriers, including policy administration, underwriting, claims and digital engagement. It is a direct peer with similar offerings to Lifeware's Mosaic platform but at significantly larger scale.
• EIS Group: EIS Group sells the EIS CoreInsurance Suite, a digital core platform covering life, accident & health, and P&C insurance. It competes head-on with Lifeware for life and annuity policy administration mandates, especially at mid-to-large carriers undertaking core modernization.
• RGI Group: RGI (with Verisk/Guidewire heritage) offers policy administration and digital tools for life, health and P&C insurers primarily across Europe and EMEA. Closely comparable to Lifeware given its European focus, life-insurance-led customer base, and comparable scale.
• Tia Technology: Tia Technology provides standard insurance software products for life, pension and health insurers across the Nordics, UK and broader European market. It is a closely comparable European life-insurance PAS vendor serving a similar mid-sized-carrier niche.
• Prima Solutions: Prima Solutions provides core insurance software (Prima XL and related suites) for life, health and P&C insurers, with strong presence in France, Benelux and broader EMEA. It is a direct peer in mid-market European life insurance core systems.
• Insurity: Insurity offers policy administration, billing, claims and analytics software to P&C and life insurers, predominantly in North America but increasingly in EMEA. It overlaps with Lifeware on life/P&C policy admin and serves comparable mid-to-large carrier customers.
• Fadata: Fadata is a European core insurance software vendor best known for its Insurance Platform covering life and composite insurance, headquartered in Bulgaria and serving Europe, MENA and Asia. It competes directly with Lifeware for life insurance PAS contracts in the European mid-market.
• Majesco: Majesco provides core insurance software — including policy administration, underwriting, claims and analytics — for life, annuity, health and P&C insurers. It is one of the most directly comparable SaaS PAS vendors to Lifeware, targeting mid-sized carriers with similar functional scope and cloud delivery model.

Broad incumbents

• Duck Creek Technologies: Duck Creek is a broadly-deployed SaaS insurance core platform spanning policy, billing, claims and analytics across P&C and (select) life. It is a broader incumbent that overlaps with Lifeware on life PAS but operates across a much wider product portfolio and customer base.
• Oracle Insurance: Oracle offers the OIPA (Oracle Insurance Policy Administration) platform, a long-standing incumbent in life and annuity core processing. It is a larger, broader incumbent that competes with Lifeware particularly at large carrier accounts and through its broader CX/finance stack.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Lifeware