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Series A | Alive

About ChainThat

ChainThat is a technology solutions provider focused on the insurance industry. The company offers products that assist with policy administration, management of multinational programs, and claims management, all aimed at enhancing the efficiency and potential of insurance businesses. ChainThat primarily serves brokers, carriers, and MGAs in the insurance sector. It is based in London, England.

Headquarters Location

6 Bevis Marks Lockton House

London, England, EC3A 7BA,

United Kingdom

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Expert Collections containing ChainThat

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

ChainThat is included in 4 Expert Collections, including Blockchain.

B

Blockchain

7,104 items

Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.

S

Smart Cities

3,431 items

I

Insurtech

4,198 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

F

Fintech

12,502 items

Excludes US-based companies

Latest ChainThat News

Clover Insurance integrates entire product suite into OnePatch system

Jan 29, 2024

Move aims to transform broker experience Share Sydney-based insurtech underwriting agency Clover Insurance has successfully integrated its entire product suite into the OnePatch policy administration system. OnePatch operates on ChainThat's Beyond Policy Administration (BPA) platform, an online digital system tailored specifically for the insurance industry. ChainThat, a London-based company specialising in insurance technology, has crafted a platform designed to meet the unique needs of insurers and underwriting agencies. Integration The integration comes as part of Clover's strategic approach to streamline underwriting processes, with a focus on enhancing the experience for insurance brokers. Throughout the course of 2023, Clover systematically introduced its three core products – business pack, home and landlords, and commercial and personal motor insurance. The motor insurance offering, the final piece in the puzzle, went live in December, marking a milestone for the insurtech firm. Clover CEO Blair Nicholls underscored the significance of automating underwriting to simplify the placement experience for brokers. “BPA’s advanced technology strongly aligns with Clover's goals of agility, efficiency, and extensibility. BPA is an API-driven platform that's not just a tool but a catalyst for our broker partners to integrate seamlessly to service policies end to end,” he said. “Our partnership with ChainThat is more than just a business agreement. It's a commitment to continually innovate to deliver better products and a more efficient quoting experience for our brokers.” Transforming the broker experience Established in late 2022, Clover has already garnered significant traction, with numerous brokers signing up to conduct business through OnePatch. ChainThat CEO Vikas Acharya emphasised how Clover is leveraging technology to transform the broker experience. “Our platform enables Clover to manage product agility with end-to-end policy servicing, integration with third party data sources, and cash reconciliation so brokers can embrace automated digital processes,” he said. Acharya further emphasised BPA's key advantage – its high configurability. This feature allows underwriting agencies to adapt products swiftly in response to market feedback, effectively managing product changes with minimal overheads. “BPA's robust architecture has components that enable external systems to integrate easily. It's true ‘plug and play’ that can scale for small or large organisations,” he said. Acharya and the ChainThat team are set to exhibit at the UAC-Xceedance 2024 Sydney Underwriting Expo on Feb. 8 at the International Convention Centre on Darling Drive in Sydney. The expo provides an opportunity for industry professionals to explore and understand the capabilities of ChainThat's BPA platform and its potential impact on the Australian insurance landscape. Related Stories

ChainThat Frequently Asked Questions (FAQ)

  • Where is ChainThat's headquarters?

    ChainThat's headquarters is located at 6 Bevis Marks, London.

  • What is ChainThat's latest funding round?

    ChainThat's latest funding round is Series A.

  • Who are the investors of ChainThat?

    Investors of ChainThat include Xceedance.

  • Who are ChainThat's competitors?

    Competitors of ChainThat include B3i Services and 1 more.

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Compare ChainThat to Competitors

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S
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Etherisc

Etherisc develops a protocol for decentralized insurance applications. It uses blockchain technology to make the purchase and sale of insurance more efficient. It was founded in 2016 and is based in Munich, Germany.

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CyStellar

CyStellar operates as a geospatial intelligence company. It offers a data analytics platform designed to deliver real-time insights for the insurance, agriculture, and logistics sector to support better data-driven decision-making. It was founded in 2017 and is based in London, United Kingdom.

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iChain

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Teambrella

Teambrella provides a peer-to-peer smart contract based on cryptocurrencies such as bitcoin or ethereum.

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