Nice Technologies
- Company typePrivate
- Founded2023
- HeadquartersFort Wayne, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
Nice Technologies firmographics
Firmographics- Name
- Nice Technologies
- Legal name
- Nice Technologies LLC
- Website
- https://nicetechnologies.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Nice Technologies industry classification
Industry- Product category
- Actuarial Modeling Software
- NAICS
- Software Publishers (5132), Custom Computer Programming Services (541511)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)
- akta.pro secondary industries
- Data, Analytics & AI for Insurance (Risk, Pricing, Personalization) (FSAGAGAE), Document, Workflow & Policy Servicing Automation (RPA/No-Code) (FSAGAGAK)
Keywords
Where Nice Technologies is headquartered
LocationHeadquarters
- HQ city
- Fort Wayne
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Nice Technologies business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Enterprise Software Licensing: Commercially available for enterprise licensing with simple and predictable licensing costs. Access requires an active software license and authorized login credentials through the client portal. Platform operates like a high-quality in-house system with external support.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Enterprise Licensing |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels7 records
Nice Technologies product offering
Product offeringCore offering
Nice Technologies sells Nice Engine, an AI-assisted actuarial modeling platform built for Pension Risk Transfer (PRT) and Longevity Risk Transfer (LRT) products used by insurance companies and financial institutions. The platform provides modular Python-based modeling, role-specific interfaces, automated data management, AI-enhanced documentation and support, and customizable reporting, delivered as an enterprise software license with personalized coaching-style onboarding.
Product overview
Nice Technologies offers Nice Engine, a modular AI-assisted actuarial modeling platform designed for Pension Risk Transfer (PRT) and Longevity Risk Transfer (LRT) products. The platform consists of seven integrated modules: Nice Engine as the core platform, supplemented by Nice Model (computational engine), Nice Interfaces (role-specific UI), Nice Data (data management), Nice Docs (documentation with AI search), Nice Reports (customizable reporting), and Nice Support (coaching and onboarding). The platform is commercially available for enterprise licensing.
Differentiator
Problem solved
Functional benefit
Products and services
- Nice Engine AI-assisted actuarial modeling platform designed for Pension Risk Transfer (PRT) and Longevity Risk Transfer (LRT) products, sold as an enterprise software license to insurance companies and financial institutions with personalized coaching-style onboarding and support.
Quantifiable outcome
- Up to 50% faster PRT/LRT deal quoting with efficient data management
- +2 more outcomes
Companies that use Nice Technologies
Customer profileNamed customers2 records
Segments1 record
Ideal customer profiles1 record
Nice Technologies technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
AI capability6 records
Feature6 records
Nice Technologies partnerships and signals
Strategic signalScale indicators6 records
Recent moves7 records
Expansion highlights6 records
Nice Technologies competitors and assessment
Company assessmentEmerging players
- Shift Technology: Applies AI to insurance operations including underwriting and risk, representing an emerging AI-native competitor that targets similar insurance technology budgets as Nice Engine.
- Equisoft: Insurance technology vendor offering digital platforms and back-office solutions for life insurance and wealth management, adjacent to Nice Engine's actuarial modeling focus at life and annuity carriers.
- Earnix: AI-driven pricing and rating analytics platform for insurance, overlapping with Nice Engine's actuarial pricing and modeling use cases for life and annuity carriers.
Direct peers
- Milliman: Global actuarial consulting and software firm whose M-ARC and related platforms are widely used for life insurance, annuity, and pension modeling, directly competing with Nice Engine for the same PRT/LRT modeling workloads at large carriers.
- Moody's Analytics: Provides actuarial and risk modeling software (including life insurance and economic scenario generator tools) that competes with Nice Engine for modeling workloads at insurance carriers and financial institutions.
- Willis Towers Watson: Major actuarial software provider offering PROPHET and other actuarial modeling tools used by life insurers and pension risk transfer teams, representing a direct enterprise competitor to Nice Engine in the same buyer accounts.
Broad incumbents
- FIS: Large financial and insurance technology provider with policy administration, life insurance, and annuity platforms that overlap with Nice Engine's target buyer workflows at carriers.
- Majesco: Broad insurance SaaS provider covering policy, billing, claims, and analytics across P&C and L&A, sitting as a larger incumbent that could expand into actuarial modeling territory competitive with Nice Engine.
- Duck Creek Technologies: Insurance core systems vendor providing policy administration, rating, and underwriting platforms across multiple lines of business, an adjacent incumbent that competes for the same insurance IT modernization budgets.
Others
- EXL Service: Insurance-focused analytics and digital services firm that partners with carriers on actuarial, underwriting, and data work, representing a potential partner or channel rather than direct software competitor to Nice Engine.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Nice Technologies social profiles
Digital presenceNice Technologies compliance and trust
Trust signalCompliance3 records
Nice Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nice Technologies leadership team
Management profileNumber of profiles
Profiles5 records
Nice Technologies funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nice Technologies 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 Nice Technologies
What does Nice Technologies do?
Nice Technologies sells Nice Engine, an AI-assisted actuarial modeling platform built for Pension Risk Transfer (PRT) and Longevity Risk Transfer (LRT) products used by insurance companies and financial institutions. The platform provides modular Python-based modeling, role-specific interfaces, automated data management, AI-enhanced documentation and support, and customizable reporting, delivered as an enterprise software license with personalized coaching-style onboarding.
Is Nice Technologies a public or private company?
Nice Technologies is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Nice Technologies founded?
Nice Technologies was founded in 2023. It employs 1 to 10 people.
Where is Nice Technologies based?
Nice Technologies is headquartered in Fort Wayne, United States, in the North America region.
How does Nice Technologies make money?
One revenue line is on record: enterprise Software Licensing.
Who are Nice Technologies's main competitors?
Emerging players on record are Shift Technology, Equisoft and Earnix. Direct peers are Milliman, Moody's Analytics and Willis Towers Watson. Broad incumbents are FIS, Majesco and Duck Creek Technologies. EXL Service is listed as an others.
Does Nice Technologies have an API?
No public API is recorded for Nice Technologies.
What industry is Nice Technologies in?
Nice Technologies's product category is Actuarial Modeling Software. Its primary akta.pro industry code is FSAGAGAB, Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS), with a secondary code of FSAGAGAE, Data, Analytics & AI for Insurance (Risk, Pricing, Personalization). Its NAICS code is 5132 and its SIC code is 7372.