Corify
- Company typePrivate
- Founded2022
- HeadquartersBerlin, Germany
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
Corify firmographics
Firmographics- Name
- Corify
- Legal name
- Corify GmbH
- Website
- https://corify.de
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Where Corify is headquartered
LocationHeadquarters
- HQ city
- Berlin
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
Corify business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations
Revenue model
- Platform fees from insurers and brokers: Insurance companies (Versicherer) and brokers (Makler) pay for platform access and transaction processing. Industrial companies (Industrieunternehmen) pay nothing for using the platform. Revenue derived from transaction fees and potentially subscription-based access to the marketplace features.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Quote-based pricing for enterprise customers |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Corify product offering
Product offeringCore offering
Corify operates a cloud-based digital marketplace for industrial insurance (Industrieversicherungen) that connects three stakeholder groups—industrial companies, insurance brokers, and insurers—on a unified platform. The platform standardizes risk documentation through its proprietary Corify Risk Object Model (CROM), enables structured bidding/tendering, anonymous risk matchmaking for coverage placement, and AI-powered intelligent policy and claims administration.
Product overview
Corify offers a unified digital marketplace platform for industrial insurance (Industrieversicherungen) consisting of integrated modules: Risk Description (Risikobeschreibung) for standardized risk documentation using the proprietary CROM (Corify Risk Object Model); Bidding/Tendering (Ausschreibung) for structured risk placement and policy closure; Risk Matchmaking (Risikomatchmaking) for anonymous risk screening and coverage matching; and Intelligent Insurance Administration (Intelligente Versicherungsverwaltung) for AI-powered policy and claims management. The platform connects three stakeholder groups—industrial companies, brokers, and insurers—on a cloud-based ecosystem, enabling end-to-end digitalization of the industrial insurance value chain.
Differentiator
Problem solved
Functional benefit
Products and services
- Corify Marketplace (Corify Marktplatz) A cloud-based B2B digital marketplace for industrial insurance that connects industrial companies, brokers, and insurers on a standardized ecosystem, enabling end-to-end digitalization of the industrial insurance value chain.
- Risk Description (Risikobeschreibung) Standardized, structured, and comprehensive documentation of industrial company risks based on the Corify Risk Object Model (CROM), including risk data integration, export, historization, validation, and real-time updates.
- Bidding/Tendering (Ausschreibung) Standardized risk transfer process that imports risk data from risk descriptions to enable coverage scope description, quote negotiation, and policy closure, including structured risk placement through CROM data management.
- Risk Matchmaking (Risikomatchmaking) Anonymous screening of risk data from risk descriptions for early risk identification and faster coverage placement, enabling efficient initial risk screening on available coverage capacities and risk-based pricing transparency.
- Intelligent Insurance Administration (Intelligente Versicherungsverwaltung) AI-powered intelligent administration of insurance documents and services including AI-based policy management, compliance and reporting support, claims management, self-services, and intelligent services such as claims predictions and alerts.
Quantifiable outcome
- Reduced loss ratios through standardized risk assessment
- +2 more outcomes
Companies that use Corify
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
Corify technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature5 records
Corify partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights5 records
Corify competitors and assessment
Company assessmentEmerging players
- FRISS: Insurance fraud, risk, and compliance analytics platform for property and casualty insurers, offering AI-driven risk scoring that overlaps with Corify's standardized risk assessment and matchmaking value proposition.
- Earnix: AI-based pricing and rating platform for insurance and banking, with rating and underwriting decisioning capabilities that intersect with Corify's risk-based pricing transparency features.
- Cytora: AI-powered commercial insurance risk underwriting platform that digitizes and automates risk evaluation for insurers—comparable to Corify's AI-driven risk matchmaking and standardized risk evaluation.
Direct peers
- wefox: Berlin-based insurtech operating a digital platform that connects customers, brokers, and insurers, focused on enabling brokers with digital distribution and policy administration tooling—directly comparable to Corify's broker-enablement marketplace model.
- Socotra: Cloud-native core insurance platform serving carriers and insurtechs with policy administration, billing, and claims—closely comparable to Corify's intelligent insurance administration and claims modules.
Others
- Hypoport SE (OASIS / Eucon): Corify's publicly-listed parent company whose OASIS broker management platform and Eucon data business sit adjacent to industrial insurance; included as the immediate ecosystem enabler and not as a direct competitor given Corify's independent positioning.
Broad incumbents
- Duck Creek Technologies: Provider of SaaS core insurance systems (policy, billing, claims) for P&C insurers—competes broadly with Corify's policy administration and claims modules in the carrier software stack.
- Vertafore: Major insurance technology vendor serving agents and brokers with management systems, rating, and connectivity tools; overlaps with Corify's bid management, policy administration, and broker workflow capabilities.
- Guidewire Software: Established enterprise insurance platform providing core systems (policy, billing, claims) for global insurers; a broad incumbent whose underwriting and claims offerings intersect with Corify's modules.
- Applied Systems: Leading provider of insurance broker and agency management software across North America and Europe, offering CRM, policy administration, and workflow tools that overlap with Corify's broker enablement and policy management modules.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Corify social profiles
Digital presenceCorify financial estimates
Financial estimateRevenue estimate
Valuation estimate
Corify leadership team
Management profileNumber of profiles
Profiles4 records
Corify funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Corify 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 Corify
What does Corify do?
Corify operates a cloud-based digital marketplace for industrial insurance (Industrieversicherungen) that connects three stakeholder groups—industrial companies, insurance brokers, and insurers—on a unified platform. The platform standardizes risk documentation through its proprietary Corify Risk Object Model (CROM), enables structured bidding/tendering, anonymous risk matchmaking for coverage placement, and AI-powered intelligent policy and claims administration.
Is Corify a public or private company?
Corify is a private company. It is classified as corporate owned and is currently operating.
When was Corify founded?
Corify was founded in 2022. It employs 11 to 50 people.
Where is Corify based?
Corify is headquartered in Berlin, Germany, in the Europe region.
How does Corify make money?
One revenue line is on record: platform fees from insurers and brokers.
Who are Corify's main competitors?
Emerging players on record are FRISS, Earnix and Cytora. Direct peers are wefox and Socotra. Hypoport SE (OASIS / Eucon) is listed as an others. Broad incumbents are Duck Creek Technologies, Vertafore, Guidewire Software and Applied Systems.
Does Corify have an API?
No public API is recorded for Corify.