Elpis Systems Inc

What Elpis Systems Inc does

Elpis Systems is a privately held vertical SaaS company providing cloud-based software to the insurance industry. It operates four core products: Elpis Policy (a configurable policy administration system with rules-driven underwriting and a mobile 'policy on the go' app), Elpis Claims (end-to-end claims management covering first-notice-of-loss intake through adjudication, with mobile FNOL and integration to third-party policy admin and accounting systems), Elpis Billing (automated billing lifecycle, third-party billing, and commission management for carriers), and eBroker (a broker-facing agency portal with a mobile companion app for end-clients). The platform is positioned as an integrated suite that can be deployed module-by-module or as a full lifecycle stack, with services for gap analysis, implementation, customization, and product support.

The company's commercial model combines subscription-based SaaS licensing with implementation, customization, gap analysis, and ongoing support/professional services, sold under quote-based, annual contracts primarily through direct enterprise sales. Customer focus is segmented: insurance carriers (primary), brokers and agents (primary, addressed via eBroker), and insurance end-clients (addressed via mobile apps). Pricing is not publicly disclosed and appears negotiated per engagement. Distribution is direct with a 'Partners' page suggesting some channel relationships, while delivery is cloud-based with claimed global reach via a 'Global Customer Support team.'

The entity is an Indian private limited company (Elpis Systems India Pvt Ltd.) with an associated US mailing address in New Hyde Park, New York. Operationally the company is small - approximately 22 employees - and bootstrapped: no funding rounds, no institutional investors, no parent company, and no leadership team disclosures appear in the available data. The website communicates only modest marketing footprint, no social media presence, no certifications or patents, and undisclosed named customers and revenue, which materially constrains third-party due diligence.

Name

Elpis Systems Inc

Legal name

Elpis Systems India Pvt Ltd.

Website

https://elpissystem.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Elpis Systems is a private, India-domiciled vertical SaaS provider offering an integrated four-product insurance platform - policy administration, claims management, billing, and broker agency portals - sold primarily to insurance carriers, brokers, and agents via subscription licensing and professional services.

Ownership category

akta.pro rank

Product category

Insurance Software (InsurTech)

NAICS

Software Publishers (5132), Custom Computer Programming Services (541511)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

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

akta.pro secondary industry

Embedded Insurance & Affinity Distribution Platforms (FSAGAGAL)

Keywords

• Insurance software solutions
• Policy administration systems
• Claims management software
• Insurance billing automation
• Agency portal software

Headquarters

HQ city

Not specified

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Subscription Services: Elpis Systems operates as a SaaS (Software as a Service) company providing cloud-based insurance software solutions. Revenue is generated through subscription-based licensing of their policy administration, claims management, billing, and agency portal platforms. The company also provides professional services for implementation, customization, and ongoing product support.
2. Product Support and Maintenance: Long-term support services including off-site and on-site maintenance, issue resolution, bug tracking and fixing, functionality enhancements, and migration processes for new releases. Revenue generated through support contracts with guaranteed service levels.
3. Custom Software Development Services: Custom software development and consulting services for insurance industry clients. Includes web application development, mobile application development, desktop application development, and UX/UI design services.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels2 records

Core offering

Elpis Systems provides a cloud-based SaaS insurance software platform consisting of four core products — Elpis Policy (policy administration), Elpis Claims (claims management), eBroker (agency portal), and Elpis Billing (billing automation) — that can operate independently or as an integrated suite. The company also delivers implementation, customization, gap analysis, and ongoing product support services to insurance carriers, brokers, and agents.

Product overview

Elpis Systems offers a modular insurance software platform consisting of four core products: Elpis Policy (policy administration), Elpis Claims (claims management), eBroker (agency portal), and Elpis Billing (billing and commission management). These products can operate independently or as an integrated suite, supporting the full insurance lifecycle from policy issuance through claims processing and billing. The company also provides implementation, customization, gap analysis, and product support services.

Differentiator

Problem solved

Functional benefit

Brands

• Elpis Policy: Policy administration system providing complete flexibility to adapt to specific business processes with configurable product definitions, business rules, screens, workflow, and data modes.
• Elpis Claims
• eBroker
• Elpis Billing

Products and services

• Elpis Policy Policy administration system for insurance companies that provides complete flexibility to adapt to specific business processes, with configurable product definitions, business rules, screens, workflow, and data modes. Automates low-level underwriting tasks using rules-driven guidelines for clear-cut cases and routes exceptional cases to underwriters, and includes a mobile application enabling 'policy on the go' capability for insureds.
• Elpis Claims End-to-end claims management solution covering loss-report intake, adjudication processes, and operational systems. Supports mobile claim reporting for insureds and drivers, integrates with third-party policy admin systems for coverage verification and third-party accounting systems, and uses activity module automation to free adjusters for higher-value claim handling.
• eBroker Agency Portal Agency Portal that facilitates interactions between end clients and agents throughout a policy lifecycle, allowing brokers to manage clients and policies from issuance through payment reminders, premium payments, and renewals. Complemented by a mobile application that lets end clients manage their policies securely from their mobile phones.
• Elpis Billing Billing automation system for carriers that automates the entire billing lifecycle, supports flexible payment methods and processing, delivers granular third-party billing options, and manages commissions quickly and transparently.
• Product Support and Maintenance Long-term product support service for Elpis Systems products and enterprise-wide deployments, including off-site and on-site maintenance, issue resolution, bug tracking and fixing, functionality enhancements, and migration support for new releases, with guaranteed service levels.
• Customization Services Custom software development and consulting services that tailor Elpis Systems products to the unique processes of an insurance client's business, including web, mobile, desktop application development, and UX/UI design to solve specific problems and make workflows faster.
• Implementation Services End-to-end implementation services that take insurance clients from comprehensive needs analysis through software selection and working installation of Elpis Systems solutions.
• Gap Analysis Services

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Insurance Industry Partners (Unnamed)minorOthersThe company's website features a 'Partners' section displaying multiple partner logos, but specific partner names are not disclosed on the website. The logos represent insurance industry companies that Elpis Systems has worked with, though individual partner identities cannot be determined from the source material.

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Direct peers

• Guidewire Software: Leading core insurance SaaS suite (PolicyCenter, ClaimCenter, BillingCenter) sold to P&C carriers globally. Most direct competitor to Elpis Policy, Elpis Claims, and Elpis Billing, serving the same carrier buyers with overlapping functional scope.
• Majesco: Cloud-native core insurance suite (Policy, Billing, Claims) for P&C and L&A carriers. Comparable SaaS delivery model and product-line scope to Elpis's offerings.
• Duck Creek Technologies: Cloud-native core insurance platform (Policy, Billing, Claims, Insights) targeting P&C carriers. Competes head-to-head with Elpis's product suite on configurability, SaaS delivery, and carrier-grade functionality.
• Insurity: Core insurance software suite (Policy, Claims, Billing, Analytics) for P&C carriers, distributed heavily via cloud/SaaS. Closely comparable to Elpis in functional breadth and buyer segment.
• Prima Solutions: European core insurance SaaS suite for P&L carriers covering underwriting, policy administration, claims, and billing. Comparable mid-market carrier target and product breadth.
• EIS Group: Cloud-native core insurance platform for life, health, and P&C carriers with highly configurable product/rules engines. Direct overlap with Elpis on configurability-driven PAS positioning.
• Sapiens International: Provides core insurance software (Policy, Claims, Billing, Reinsurance) to global insurers across P&C, Life, and Health. Direct overlap with Elpis's product breadth and carrier-buyer focus.

Broad incumbents

• Applied Systems: Dominant agency management / broker workflow platform for insurance brokers and MGAs. Comparable in addressing the broker-distribution side of the market (overlapping with eBroker), but broader and incumbent in scale.
• DXC Technology Insurance Software: Large IT services and software provider with insurance BPS and core platform offerings. Competes in the same carrier-software buyer category as Elpis but as a broader incumbent with managed-services scale.

Emerging players

• Injala (now Imburse / Silvervine): Niche insurance technology providers focused on payments/billing and digital workflow for carriers. Adjacent in billing automation, overlapping partially with Elpis Billing's value proposition for mid-market insurers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/elpis-systems-inc

Revenue estimate

Valuation estimate

Number of profiles

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 Elpis Systems Inc