Cloverly Specialty

What Cloverly Specialty does

Cloverly Specialty, Inc. is a Scottsdale, Arizona-based InsurTech company founded in 2022 that offers E&SaaS™ (Excess & Surplus Insurance As A Service), a subscription-based platform enabling insurers and wholesale distribution channels to enter the U.S. Excess & Surplus (E&S) insurance market — a market the company sizes at approximately $66 billion — without standing up dedicated in-house E&S Operations. The company targets insurers and carriers who face barriers to entry including talent acquisition, product configuration, technology build, and distribution channel development, and sells through a sales-led go-to-market with a free consultation offer and annual subscription billing.

The product stack is organized around four integrated components: the E&SaaS™ subscription service, a set of E&S insurance products (General Liability, GL + Property package, Excess Liability, and custom lines of business aimed at small and medium businesses), a cloud-based SaaS and AI-powered digital technology platform handling policy, claims, and billing operations, and a wholesale distribution channel providing frictionless on-boarding to managing general agents (MGAs) with proven track records. The E&SaaS™ mark is registered as a trademark with the USPTO. AI capabilities are positioned around process automation within the digital platform; no proprietary models, research outputs, or benchmark data are disclosed.

Revenue is generated through quote-based annual subscription contracts whose pricing is not publicly disclosed. End customers of the underlying E&S insurance products are small and medium businesses requiring specialized coverage; the company's paying customers are the insurers and MGAs who subscribe to the E&SaaS™ stack. The firm operates with 1–10 employees, has not disclosed any funding rounds to date, lists only Co-Founder & CEO Neville Moses in its named leadership, and currently serves only the U.S. market.

Name

Cloverly Specialty

Legal name

Cloverly Specialty, Inc.

Website

https://cloverlyspecialty.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Cloverly Specialty is a Scottsdale-based InsurTech that sells E&SaaS™, a subscription platform enabling insurers and wholesale MGAs to enter the U.S. Excess & Surplus insurance market with bundled product, technology, distribution, and claims capabilities.

Ownership category

akta.pro rank

Product category

InsurTech / Specialty Insurance Software

NAICS

Software Publishers (5132), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)

akta.pro secondary industries

Insurance Program Administration & MGA/MGU Services (FSAEADAK), Embedded Insurance & Affinity Distribution Platforms (FSAGAGAL)

Keywords

• Excess surplus insurance
• Insurtech platform
• E&S insurance products
• Insurance underwriting software
• Specialty insurance distribution

Headquarters

HQ city

Scottsdale

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. E&SaaS™ Subscription Service: Subscription-based model providing insurers with complete E&S Operations including Product, Underwriting, Technology, Distribution, and Claims. Enables insurers to quickly enter the E&S market and write profitable business.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Cloverly Specialty sells E&SaaS™, a market-ready subscription solution that bundles E&S insurance expertise, E&S insurance products (General Liability, GL + Property Package, Excess Liability, and custom lines), a cloud-based AI-powered SaaS technology platform for policy/claims/billing, and access to a wholesale distribution channel of proven MGAs. The solution is sold to insurers, carriers, and wholesale MGAs to enable rapid, cost-effective entry into the $66B U.S. Excess & Surplus insurance market without building talent, technology, product, and channel infrastructure in-house.

Product overview

Cloverly Specialty offers E&SaaS™ (Excess & Surplus Insurance As A Service), a unified market-ready solution comprising four integrated components: the core E&SaaS™ subscription service, E&S Insurance Products (General Liability, GL + Property, Excess Liability, and custom lines), a Cloud-based AI-powered Technology Platform for Policy/Claims/Billing operations, and a Wholesale Distribution Channel providing access to proven MGAs. The integrated platform enables insurers and distribution channels to quickly enter the $66B E&S market and provide Small & Medium businesses with E&S products.

Differentiator

Problem solved

Functional benefit

Products and services

• E&SaaS™ (Excess & Surplus Insurance As A Service) Market-ready E&S subscription service providing insurers with comprehensive E&S operations including Product, Underwriting, Technology, Distribution, and Claims capabilities. Enables rapid market entry and profitable business writing. Sold to insurers, carriers, and wholesale MGAs seeking to enter the U.S. E&S market.
• E&S Insurance Products Configured E&S insurance product lines — General Liability, GL + Property (Package), Excess Liability, and other custom lines of business — built with superior rating and analytics to maximize growth and profitability. Distributed to Small & Medium businesses through Cloverly-enabled insurers and wholesale MGAs.
• Technology Platform Cloud-based, SaaS, and AI-powered Digital Technology Platform covering Policy, Claims and Billing operations. Provides integrated digital infrastructure and process automation for E&S insurance operations, used by insurers and carriers adopting the E&SaaS solution.
• Distribution Channel (Wholesale MGA Network) Wholesale E&S distribution channel that gives insurers frictionless on-boarding and product access to Managing General Agents (MGAs) with a proven track record. Creates distribution ecosystem efficiencies through trusted, exclusive channel relationships for E&S product distribution.

Quantifiable outcome

• Eliminates talent, technology and channel build costs for insurers
• +1 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Duck Creek Technologies: Duck Creek offers a core insurance SaaS suite (policy, billing, claims) used by commercial and specialty insurers. It is the most direct large-scale competitor to Cloverly's technology platform layer.
• Skyward Specialty Insurance Group: Skyward Specialty is a publicly listed specialty/E&S insurer underwriting commercial and specialty lines. It is a relevant comparable for the E&S product suite and underwriting expertise Cloverly is packaging.
• Vertafore: Vertafore is a large incumbent insurance technology vendor providing agency, rating, and management systems. It represents the broader competitive set Cloverly must displace in carrier and MGA technology stacks.
• Guidewire Software: Guidewire is the dominant core systems provider for property/casualty insurers globally. It anchors the competitive landscape Cloverly is targeting in insurance operations software.
• Palomar Holdings: Palomar is a specialty insurer with a strong focus on E&S and catastrophe-exposed lines. It serves as a benchmark for the type of carrier Cloverly enables and represents a potential customer or competitor.

Direct peers

• Tarmika: Tarmika offers a commercial lines rating and comparative quoting platform widely adopted by independent agents. Its focus on accelerating E&S/commercial insurance quoting and binding overlaps with Cloverly's rating and analytics module.
• Accelerant: Accelerant is a data-driven platform that enables MGAs and specialty insurers to participate in the E&S market through shared risk expertise and capital. It is the closest comparable to Cloverly's E&S-as-a-service bundle for MGAs and carriers.
• Relay Platform: Relay provides a digital exchange and infrastructure for E&S insurance placements, connecting wholesalers, MGAs, and carriers. Like Cloverly, it focuses on streamlining E&S distribution and enabling faster market entry for carriers.
• BriteCore: BriteCore is a core insurance SaaS platform for policy administration, billing, and claims used by insurers and MGAs. It is comparable to Cloverly's AI-powered Policy/Claims/Billing platform layer.

Emerging players

• Bold Penguin: Bold Penguin operates a commercial insurance marketplace that connects small businesses, agents, and carriers. It is an adjacent insurtech with comparable SMB distribution focus relevant to Cloverly's SMB end-customer segment.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Cloverly Specialty