EnoviQ Technology Services
EnoviQ Technology Services, founded in 2019 and headquartered in Hong Kong, provides CLAPi — a cloud-native, API-first insurance platform covering A&H, Life, and P&C — to insurers, brokers, TPAs, reinsurers, and healthcare networks across Asia Pacific and Africa.
- Company typePrivate
- Founded2019
- HeadquartersSingapore, Singapore
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What EnoviQ Technology Services does
EnoviQ Technology Services is a private insurance technology company founded in 2019 and headquartered in Hong Kong, with regional offices in Singapore and India serving insurers across Asia Pacific and Africa. The company builds CLAPi — Cloud-based API Platform for Insurance — a cloud-native, API-first, microservices platform running on Docker, Kubernetes, Jenkins CI/CD, and SonarQube quality gates. CLAPi comprises 16 modules (8 core covering Product Workspace, Rule Engine, Entity Management, Policy Administration, Policy Accounting, Claims Management/TPA, Provider Management, and Reinsurance; plus 8 add-on modules including the Excellator no-code product configurator, Customer Portal, and Document Management) and supports Individual A&H, Group A&H, Individual Life, Group Life, and P&C on a single policy core with multi-tenant Kubernetes-based deployment.
EnoviQ targets four primary customer segments: insurance companies seeking to digitize policy administration across multiple lines of business; brokers and TPAs requiring unified portfolio management; reinsurers needing native treaty and cession management; and healthcare networks integrating with insurer workflows. Named customers include HSBC, AXA Insurance, Narayana Health, Tune Protect, AAR Insurance, Strategis Insurance, JFS, Star Discover, PFP, and Healthier (K) Micro Insurance. The platform has earned Celent XCelent Luminary recognition in 2022 for Health and Functionality Standout in 2025 for P&C, and holds ISO certification and SOC 2 attestation.
The company monetizes through enterprise SaaS subscription licensing (annual, quote-based) of the CLAPi platform, supplemented by professional services including Platform Consulting, API Monetisation Assessment, and Feasibility Study work. Go-to-market combines direct enterprise field sales led by a Head of Sales & Partnership, industry event participation (notably the 2023 Health Insurance Innovation Congress in Singapore), and an API-first partner onboarding model for bancassurance, embedded insurance, and affinity distribution through CLAPi AffinitiQ.
EnoviQ Technology Services firmographics
Firmographics- Name
- EnoviQ Technology Services
- Legal name
- EnoviQ
- Website
- https://enoviq.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- EnoviQ Technology Services, founded in 2019 and headquartered in Hong Kong, provides CLAPi — a cloud-native, API-first insurance platform covering A&H, Life, and P&C — to insurers, brokers, TPAs, reinsurers, and healthcare networks across Asia Pacific and Africa.
- Ownership category
- akta.pro rank
EnoviQ Technology Services industry classification
Industry- Product category
- Insurance Policy Administration Software
- NAICS
- Software Publishers (5132), Computer Systems Design and Related Services (5415)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming Services (7371), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)
Keywords
Where EnoviQ Technology Services is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices3 records
Markets served
EnoviQ Technology Services business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- CLAPi Platform Licensing/Subscription: SaaS-based cloud platform licensing model with modular deployment allowing insurers to activate exactly what they need and expand as they grow. Operates in both coupled and decoupled modes.
- Professional Services: Implementation, consulting, and migration services including Platform Consulting, API Monetisation Assessment, Technical Platform Assessment, Business & System Analysis, and Feasibility Study/Sandboxing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise SaaS licensing - quote-based |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels4 records
EnoviQ Technology Services product offering
Product offeringCore offering
EnoviQ Technology Services builds and licenses CLAPi© (Cloud-based API Platform for Insurance), a cloud-native, API-first InsurTech platform that unifies policy administration, claims management, reinsurance, and embedded distribution across Accident & Health, Life, and P&C lines of business. The company sells the platform on a modular SaaS/subscription basis to insurance companies, brokers, TPAs, reinsurers, and healthcare networks across Asia Pacific, supplemented by implementation, consulting, and IT services.
Differentiator
Problem solved
Functional benefit
Brands
- CLAPi©: A next-generation cloud-based API platform for insurance covering policy administration, claims management, reinsurance, and embedded distribution. CLAPi stands for Cloud-based API Platform for Insurance.
- CLAPi© GroupCore
- CLAPi© AffinitiQ
- CLAPi© EEQ
- CLAPi© RIQ
- CLAPi© P&C
- CLAPi© Life
- Excellator
Products and services
- CLAPi© Platform Cloud-based API Platform for Insurance — EnoviQ's flagship unified InsurTech platform covering Individual A&H, Group A&H, Individual Life, Group Life, and P&C on a single cloud-native API backbone. It handles policy administration, claims management, reinsurance, and embedded distribution through 16 modular components (8 core modules and 8 add-on modules). Sold to insurance companies, TPAs, brokers, and reinsurers across Asia Pacific.
- CLAPi© GroupCore
Quantifiable outcome
- Reduce admin time by 60% for group health insurance management
- +4 more outcomes
Companies that use EnoviQ Technology Services
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles5 records
EnoviQ Technology Services technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability8 records
Feature5 records
EnoviQ Technology Services partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- InsureMOcoreStrategic technology partnership for insurance platform integration and distribution capabilities.
- eBaoTechcoreTechnology integration partnership for insurance technology capabilities.
- EverventminorGo-to-market partnership for insurance distribution.
- WhiteGate ConsultingminorConsulting partnership for implementation services.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
EnoviQ Technology Services competitors and assessment
Company assessmentDirect peers
- Fadata: Insurance core software suite (INSIS) serving life, health and P&C insurers, with a strong footprint in EMEA. Comparable as a multi-LOB core platform vendor, especially for mid-size insurers.
- Insurity: Cloud-based insurance core software for P&C and specialty insurers, including policy, billing and claims. Comparable in delivery model and target buyer profile (mid-market and enterprise insurers).
- eBaoTech: Asia-headquartered insurance core platform vendor with strong APAC presence and Life/Health/P&C coverage. Direct competitor; also listed as an EnoviQ technology integration partner, indicating co-opetition.
- RGI Group: European vendor of insurance core systems for P&C and life insurers. Comparable as a multi-line policy administration vendor with similar enterprise insurer customer profile.
- Guidewire Software: Leading global vendor of P&C and life insurance core platforms (PolicyCenter, BillingCenter, ClaimCenter). Directly comparable as an insurance core system vendor competing for similar enterprise insurer RFPs, with a much larger installed base.
- FINEOS: Cloud-native insurance platform focused on life, accident and health, and group benefits. Comparable as an API-first, cloud-native InsurTech core vendor competing for similar group and A&H RFPs.
- Majesco: Cloud-native core insurance platform (PolicyExpert, ClaimExpert, BillingExpert) serving P&C and life insurers. Direct competitor targeting digital transformation of policy administration.
- Sapiens International Corporation: Provider of insurance software platforms for P&C, life and annuities with cloud-native deployment. Direct competitor to EnoviQ across multiple LOBs and similar enterprise insurer customer base.
- Duck Creek Technologies: Cloud-native insurance core platform for P&C insurers. Closely comparable to CLAPi in API-first and SaaS delivery, competing for the same enterprise policy administration deals globally.
Broad incumbents
- Oracle Financial Services / Insurance: Large incumbent vendor offering insurance policy administration, billing and claims as part of a much broader financial-services software portfolio. Competes with EnoviQ at large insurers but is not specialized to insurance core.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
EnoviQ Technology Services social profiles
Digital presenceEnoviQ Technology Services compliance and trust
Trust signalCompliance2 records
EnoviQ Technology Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
EnoviQ Technology Services leadership team
Management profileNumber of profiles
Profiles3 records
EnoviQ Technology Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EnoviQ Technology Services 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 EnoviQ Technology Services
What does EnoviQ Technology Services do?
EnoviQ Technology Services builds and licenses CLAPi© (Cloud-based API Platform for Insurance), a cloud-native, API-first InsurTech platform that unifies policy administration, claims management, reinsurance, and embedded distribution across Accident & Health, Life, and P&C lines of business. The company sells the platform on a modular SaaS/subscription basis to insurance companies, brokers, TPAs, reinsurers, and healthcare networks across Asia Pacific, supplemented by implementation, consulting, and IT services.
Is EnoviQ Technology Services a public or private company?
EnoviQ Technology Services is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was EnoviQ Technology Services founded?
EnoviQ Technology Services was founded in 2019. It employs 51 to 100 people.
Where is EnoviQ Technology Services based?
EnoviQ Technology Services is headquartered in Singapore, Singapore, in the Asia region.
How does EnoviQ Technology Services make money?
Two revenue lines are on record. CLAPi Platform Licensing/Subscription is the primary driver. The others are professional Services.
Who are EnoviQ Technology Services's main competitors?
Direct peers on record are Fadata, Insurity, eBaoTech, RGI Group, Guidewire Software, FINEOS, Majesco, Sapiens International Corporation and Duck Creek Technologies. Oracle Financial Services / Insurance is listed as a broad incumbent.
Does EnoviQ Technology Services have an API?
Yes. CLAPi© — Cloud-based API Platform for Insurance — exposes every core function as a callable API. The platform contains hundreds of pre-built APIs covering the full insurance value chain: new business, underwriting, policy administration, claims management, reinsurance, provider management, and reporting. APIs are available across all seven lines of business supported by the platform (Group Insurance, Retail Insurance, Micro Insurance, Travel Insurance, Personal Accident Insurance, Banca Insurance, and Embedded Insurance). APIs are pre-built from the ground up, not wrappers around legacy functions. No public API documentation URL, SDK, or sandbox link is provided in the source material.
What industry is EnoviQ Technology Services in?
EnoviQ Technology Services's product category is Insurance Policy Administration Software. Its primary akta.pro industry code is FSAGAGAB, Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS). Its NAICS code is 5132 and its SIC code is 7372.