Software Alliance

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.

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

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

• Financial modelling software
• Insurance calculation platform
• Actuarial modelling tools
• IFRS 17 compliance
• Insurance risk management

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. 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.
2. Cloud Services: Pay-per-use cloud modelling services including the Cloud Modelling Portal offering self-service access to pre-configured recipes and custom configurations.
3. Consulting Services: Direct consulting services and implementation support for Mo.net deployment, model design, optimization, and system integration.
4. Training Services: Training programs and certification services for Mo.net platform users through the Training Academy.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core 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.

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability4 records

Feature11 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• BroadstonecoreImplementation/ SI/ Consulting PartnerBroadstone (formerly OAC) provides Mo.net model design and development assistance in the UK and Europe for over 15 years.
• CapitacoreImplementation/ SI/ Consulting PartnerCapita's actuarial team offers cost-effective delivery capacity and flexibility in insurance and pensions sectors and beyond.
• Innovation Business VisionminorImplementation/ SI/ Consulting PartnerInnovation is experts in model design and project/programme implementation.
• SolvinitycoreTechnology or IntegrationSolvinity offers best-in-class hosting solutions for the most demanding modelling applications.
• True SouthcoreImplementation/ SI/ Consulting PartnerTrue 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.
• InsightcoreImplementation/ SI/ Consulting PartnerInsight's Life Solutions team provides actuarial consulting services to life insurers in South Africa.
• LumeraminorStrategic or Co-development PartnerLumera works with Nordic life and pension providers to revolutionize policy administration using cloud power.
• CJF ConsultingminorImplementation/ SI/ Consulting PartnerCJF offers a comprehensive portfolio of services including capital management, M&A advisory and further actuarial support in Switzerland.
• DuProminorImplementation/ SI/ Consulting PartnerDuPro is a niche financial services consulting firm specializing in insurance technology and innovative professional services.
• MBE ConsultingminorImplementation/ SI/ Consulting PartnerMBE is a specialized consultancy with a reputation for insight and innovation in the financial services sector.
• APR LLPminorImplementation/ SI/ Consulting PartnerAPR specializes in providing high-quality interim actuarial resource solutions.
• Actuarial PartnersminorImplementation/ SI/ Consulting PartnerActuarial Partners are leaders in Takaful insurance, specializing in strategic consulting and model development in Malaysia.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct 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

• Xx.com/sal_hq

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 Software Alliance