Software Alliance
Software Alliance develops the Mo.net financial modelling and calculation platform for the global insurance industry, serving 55+ life insurers, pension providers, and reinsurers with subscription licensing, cloud services, consulting, and training across the UK, Europe, Africa, and Asia-Pacific.
- Company typePrivate
- Founded2006
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Software Alliance does
Software Alliance Limited is a UK-based software house founded in 2006 that develops financial modelling software and services exclusively for the insurance sector. Its flagship Mo.net platform is a service-oriented, .NET-based calculation and modelling environment positioned as a modern alternative to first-generation actuarial systems, with end-to-end coverage spanning pricing, valuation, financial close, regulatory reporting (IFRS 17, Solvency II), and risk management. The product suite includes the Mo.net Platform and Model Development Studio, a set of Enterprise Services (Quotations, Execution, Identity, Source Control Connectors, Enterprise Service Manager), the Operational Modelling Centre for production governance, the Mo.net Model Adapter for Excel migration/analysis, Mobile Modeller, Cloud Modelling Services, and a Pensions Dashboard solution, with the GenAI-powered Mo.net CodePilot added in 2024.
The company monetizes through a mix of subscription/perpetual software licensing for the Mo.net platform, pay-per-use cloud modelling services via the Cloud Modelling Portal, professional services (consulting and implementation support), and a Training Academy. Go-to-market combines direct enterprise field sales with a global network of 15+ technology, consulting, and delivery partners across the UK, Europe, South Africa, Asia-Pacific, and the Middle East/India, supplemented by product trials, content marketing, and participation in actuarial and insurance industry events. Pricing is quote-based and not publicly disclosed, with standard and premium annual support tiers.
Software Alliance serves 55+ customers globally, primarily life insurance companies and pension providers, with reinsurers, consulting firms, and academia as secondary segments. The firm holds FSQS accreditation enabling procurement by major UK financial institutions, and was recognized with the 2019 InsuranceERM "Best Use of Cloud Technology" award. Headcount sits in the 11-50 range and the company has been bootstrapped with no disclosed funding rounds; in September 2025, Software Alliance was acquired by Balio.
Software Alliance firmographics
Firmographics- Name
- Software Alliance
- Legal name
- Software Alliance Limited
- Website
- https://softwarealliance.net
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Software Alliance develops the Mo.net financial modelling and calculation platform for the global insurance industry, serving 55+ life insurers, pension providers, and reinsurers with subscription licensing, cloud services, consulting, and training across the UK, Europe, Africa, and Asia-Pacific.
- Ownership category
- akta.pro rank
Software Alliance industry classification
Industry- Product category
- Insurance Financial Modelling Software
- NAICS
- Software Publishers (51321)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)
- akta.pro secondary industry
- Enterprise Architecture & IT Operating Model (BPAHAEAB)
Keywords
Where Software Alliance is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Software Alliance business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- Software Licensing: Licensing of Mo.net platform software including Model Development Studio, Enterprise Services, and other platform components. Operates on subscription or perpetual license model.
- Cloud Services: Pay-per-use cloud modelling services including the Cloud Modelling Portal offering self-service access to pre-configured recipes and custom configurations.
- Consulting Services: Direct consulting services and implementation support for Mo.net deployment, model design, optimization, and system integration.
- Training Services: Training programs and certification services for Mo.net platform users through the Training Academy.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Standard Support - Basic support tier |
| Subscription | Annual | Premium Support - Enhanced service tier |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Software Alliance product offering
Product offeringCore offering
Software Alliance develops and licenses the Mo.net Financial Modelling Platform — a service-oriented, .NET-based calculation platform for the insurance industry. The platform supports pricing, valuation, risk management and regulatory reporting (including IFRS 17), and is sold via software licensing, cloud-based modelling services, professional consulting and a Training Academy. It is delivered to life insurers, pension providers, reinsurers and consulting firms globally through direct enterprise sales and a partner channel.
Product overview
Software Alliance is a UK-based specialised software house founded in 2006, offering the Mo.net financial modelling platform — a service-oriented, open architecture solution for the insurance industry. The core platform consists of the Mo.net Platform and Model Development Studio, supplemented by a suite of Enterprise Services & Tools including the Quotations Service (API-driven calculations for pre-sale), Execution Service (back-office calculations), Enterprise Service Manager, Identity Service (AD/SSO integration), and Source Control Connectors (TFS/Azure DevOps). Operational capabilities are extended through the Operational Modelling Centre for live governance, the Mo.net Model Adapter (Excel migration and analysis), and Mobile Modeller for smartphone access. Solutions include IFRS 17 compliance, Pensions Dashboard calculations, and Cloud Modelling Services. A key differentiator is Mo.net CodePilot — a GenAI assistant for accelerating model development and migration. The platform is built on Microsoft .NET, supports on-premise, cloud, and hybrid deployment, and serves insurers globally through direct and partner channels.
Differentiator
Problem solved
Functional benefit
Products and services
- Mo.net Platform Award-winning service-oriented financial modelling and calculation platform for insurance companies, supporting end-to-end modelling from pricing through to risk and capital management. Built on Microsoft .NET and supports on-premise, cloud and hybrid deployment.
- Model Development Studio Integrated development environment for building and maintaining financial models within the Mo.net platform, with source control connectors and integrated development tools for actuarial and risk modellers.
- IFRS Assess Enterprise Enterprise-grade IFRS 17 reporting and financial close solution delivering governance, audit capability and performance for operational reporting and disclosure.
- Operational Modelling Centre Operational modelling hub providing governance, data control, hypothesis management and audit trails for live production modelling activities, supporting on-premise, cloud and hybrid deployments.
- Mo.net Model Adapter Excel Model Adapter offered in two editions: Migrate (for converting existing Excel workbooks into Mo.net projects) and Analyse (for exploring risks in spreadsheet solutions without prior knowledge).
- Mobile Modeller Smartphone application that publishes Mo.net models via the Quotations Service, with customisable branding and additional parameter capture for mobile calculation use cases.
- Mo.net CodePilot GenAI-powered assistant that accelerates financial model development, migration from existing platforms (reducing conversion timelines from months to weeks), model documentation and data analytics for Mo.net users.
- IFRS 17 Solution Comprehensive IFRS 17 compliance solution covering data management, assumption handling, CSM calculation, cash flow generation and reporting with full audit trails for insurers.
- Pensions Dashboard Specialised modelling solution for pension dashboard calculations required by UK pension disclosure legislation, with seamless integration to data hubs and portals.
- Model Templates Ready-made model templates covering UK and international insurance products including term life, whole life, annuities, unit-linked, income protection, critical illness and Takaful.
- Cloud Modelling Services Award-winning collection of cloud-based modelling services offering self-service access to pre-configured recipes and custom configurations on a pay-per-use basis, reducing on-premise footprint.
- Mo.net Platform-as-a-Service (Hosting) Hosted modelling environment delivered through specialist infrastructure partners, offering a scalable, secure, pay-per-use Mo.net platform with disaster recovery capabilities.
- Consulting Services Direct and partner-delivered consulting covering model design, optimisation, technical consulting, solution design, custom engineering, system integration and resource augmentation for Mo.net deployments.
- Training and Certification Training Academy and certification programmes for Mo.net users covering platform usage, model development and professional accreditation for actuarial and IT practitioners.
- Mo.net Developer Network Global network of independent consultants and model developers providing access to Mo.net Consultant Edition and the software catalogue at reduced cost for delivery partners.
Companies that use Software Alliance
Customer profileSegments5 records
Ideal customer profiles4 records
Software Alliance technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability4 records
Feature11 records
Software Alliance partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- BroadstonecoreBroadstone (formerly OAC) provides Mo.net model design and development assistance in the UK and Europe for over 15 years.
- CapitacoreCapita's actuarial team offers cost-effective delivery capacity and flexibility in insurance and pensions sectors and beyond.
- Innovation Business VisionminorInnovation is experts in model design and project/programme implementation.
- SolvinitycoreSolvinity offers best-in-class hosting solutions for the most demanding modelling applications.
- True SouthcoreTrue South is a consulting firm providing first-line actuarial consulting services and Stat Act/HAF (second-line) services to a wide range of clients in South Africa.
- InsightcoreInsight's Life Solutions team provides actuarial consulting services to life insurers in South Africa.
- LumeraminorLumera works with Nordic life and pension providers to revolutionize policy administration using cloud power.
- CJF ConsultingminorCJF offers a comprehensive portfolio of services including capital management, M&A advisory and further actuarial support in Switzerland.
- DuProminorDuPro is a niche financial services consulting firm specializing in insurance technology and innovative professional services.
- MBE ConsultingminorMBE is a specialized consultancy with a reputation for insight and innovation in the financial services sector.
- APR LLPminorAPR specializes in providing high-quality interim actuarial resource solutions.
- Actuarial PartnersminorActuarial Partners are leaders in Takaful insurance, specializing in strategic consulting and model development in Malaysia.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
Software Alliance competitors and assessment
Company assessmentDirect peers
- Willis Towers Watson (Prophet): Willis Towers Watson's Prophet is the dominant financial modelling and actuarial software platform for life insurance, used by the majority of large global insurers. Prophet and Mo.net directly compete for the same actuarial modelling and IFRS 17 workloads.
- Moody's Analytics: Moody's Analytics provides risk modeling, economic capital, and actuarial analytics software to insurers and financial institutions. Its insurance-focused analytics suite competes head-on with Mo.net's modelling and IFRS 17 capabilities.
- Milliman: Milliman combines actuarial consulting with proprietary financial modelling software (Milliman Padmini, Milliman Integrate, MG-Hedge). It sells to the same life insurance buyer personas as Software Alliance and competes for actuarial modernization mandates.
- Sapiens International: Sapiens is a global insurance software provider offering core platforms for life, P&C, and health insurance, including financial calculation and digital components. It targets the same insurers as Mo.net and competes in modernization and IFRS 17 deals.
- Duck Creek Technologies: Duck Creek provides a SaaS core insurance suite spanning underwriting, policy, billing, and claims, increasingly extending into modelling and analytics. It competes with Software Alliance for transformation budgets at midsize insurers.
- Earnix: Earnix is an AI-driven rating engine and price optimization platform for insurance, focused on real-time pricing and personalization. It overlaps with Mo.net's Quotations Service and IFRS 17 cash flow projection use cases.
- Majesco: Majesco offers a cloud-native core insurance suite covering P&C and life including financial calculations and analytics. It serves a similar mid-market insurer segment and increasingly competes on cloud modernization projects where Mo.net positions.
- Lumera: Lumera provides a cloud-native life and pensions policy administration platform and is also a Software Alliance partner. It targets the same Nordic and UK life insurer buyers and competes for end-to-end modelling-plus-administration mandates.
- Insurity: Insurity delivers a SaaS platform for P&C and specialty insurers including analytics and predictive modelling components. It overlaps with Software Alliance's analytics, modelling, and reporting capabilities for insurers modernizing legacy estates.
Emerging players
- Atidot: Atidot is a data-driven predictive analytics platform for life and health insurers, and is also an Mo.net technology partner. It complements but increasingly overlaps with Mo.net's analytics and portfolio insights capabilities for in-force policy management.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Software Alliance social profiles
Digital presenceSoftware Alliance compliance and trust
Trust signalCompliance1 record
Software Alliance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Software Alliance leadership team
Management profileNumber of profiles
Profiles6 records
Software Alliance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Software Alliance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Software Alliance
What does Software Alliance do?
Software Alliance develops and licenses the Mo.net Financial Modelling Platform — a service-oriented, .NET-based calculation platform for the insurance industry. The platform supports pricing, valuation, risk management and regulatory reporting (including IFRS 17), and is sold via software licensing, cloud-based modelling services, professional consulting and a Training Academy. It is delivered to life insurers, pension providers, reinsurers and consulting firms globally through direct enterprise sales and a partner channel.
Is Software Alliance a public or private company?
Software Alliance is a private company. It is classified as corporate owned and is currently operating.
When was Software Alliance founded?
Software Alliance was founded in 2006. It employs 11 to 50 people.
Where is Software Alliance based?
Software Alliance is headquartered in London, United Kingdom, in the Europe region.
How does Software Alliance make money?
Four revenue lines are on record. Software Licensing is the primary driver. The others are cloud Services, consulting Services and training Services.
Who are Software Alliance's main competitors?
Direct peers on record are Willis Towers Watson (Prophet), Moody's Analytics, Milliman, Sapiens International, Duck Creek Technologies, Earnix, Majesco, Lumera and Insurity. Atidot is listed as an emerging player.
Does Software Alliance have an API?
Yes. Mo.net Quotations Service exposes REST API endpoints for integrations. Swagger/OpenAPI support for API documentation, testing, and integration. Supports Web Data Sources integration for tables and tasks. Additional SQL-based integration for data connections. Developer documentation is at www.softwarealliance.net/Resources.
What industry is Software Alliance in?
Software Alliance's product category is Insurance Financial Modelling Software. Its primary akta.pro industry code is FSAGAGAB, Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS), with a secondary code of BPAHAEAB, Enterprise Architecture & IT Operating Model. Its NAICS code is 51321 and its SIC code is 7372.