Fintech / Insurtech

Life Insurance - Underwriting Data Platforms

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER

What is Life Insurance - Underwriting Data Platforms?

Underwriting data platforms collect and organize the applicant and third-party data required by life insurance underwriters. They often bring together third-party alternative datasets like pharmaceutical records, credit scores, and motor vehicle records. Insurers can tap into these data sources to augment their own internal datasets and, ultimately, enhance the speed and quality of the underwriting process.

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Leaders

Leaders are the most established service providers in the market and possess the breadth to address various customer needs.

See why these companies made it as leaders for Life Insurance - Underwriting Data Platforms. These companies include dacadoo and Micruity.

dacadoo logo
dacadoo

Switzerland / Founded Year: 2010

dacadoo develops and operates a mobile-first digital health engagement platform that helps people live healthier, more active lives through a combination of motivational techniques and AI. The company's patented Health Score provides valuable feedback for end-users, and the dacadoo risk engine provides mortality and morbidity risk data, which is used by insurers for underwriting and population health analysis.

Key People

Thomas Dijohn, Peter Ohnemus, Manuel Heuer, and 1 more

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Micruity

Canada / Founded Year: 2017

Micruity is a middleware solution that connects all stakeholders – Asset Managers, Recordkeepers, and Life Insurers - required to facilitate a successful 401(k) annuity-based product. The Micruity platform standardizes and automates data communication, capture, and validation, from a single end-point to each stakeholder, enabling seamless connectivity regardless of the form of information transfer.

Key People

Chris Livadas, Trevor Gary

EasySend logo
EasySend

Israel / Founded Year: 2016

EasySend is a no-code SaaS platform builder that aims to help enterprises to turn complex manual processes into full digital experiences. Specifically, EasySend enables banking, healthcare and insurance enterprises to convert paper forms into compliant digital processes with deep-analytics and digitize the complete customer journey, including account signup, client onboarding, customer support, and claims processing all through a simple drag-and-drop interface.

Known Partners

PSCU, CRiskCo, Surecomp, and 3 more

Known Customers

Sompo Holdings

Key People

Tal Daskal, Omer Shirazi, Eran Shirazi

Highfliers

Highfliers are the most innovative service providers in the market and possess the resources to address evolving customer needs.

See why these companies made it as highfliers for Life Insurance - Underwriting Data Platforms. These companies include Verikai and Sentiance.

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Verikai

United States / Founded Year: 2018

Verikai is a consumer insights platform built for insurance and financial services.On January 18th, 2022, Verikai was acquired by American Financial Group at a valuation of $120 million.

Known Partners

Ringmaster

Key People

Brett Coffin, Hari Sundram

Sentiance logo
Sentiance

Belgium / Founded Year: 2015

Sentiance is a data science and behavior change company that turns motion data, captured by smartphone sensors, into insights about individuals’ behavior and real-time context. The company's uses ethical AI to create positive impact and sustainability in mobility, wellbeing by driving behavior change for optimized experiences and outcomes. Sentiance empowers companies to create personalized services and products through intelligent contextualized recommendations.

Known Partners

LinkedIn, Wasistdas, Aaqua, and 2 more

Key People

Toon Vanparys, Vincent Jocquet, Koen Simoens, and 1 more

Powerlytics logo
Powerlytics

United States / Founded Year: 2011

Powerlytics provides data products that are sourced from IRS tax returns, the Census Bureau, and other government agencies. The company's database provides detailed comparative metrics geared to the needs of many professionals including financial services professionals, consultants, auditors, tax professionals, CFOs, Boards of Directors and others.

Known Partners

PolicyMap

Key People

Ivan Ruzic

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Sorcero

United States / Founded Year: 2018

Sorcero provides natural language processing solutions, knowledge bases, decision support, and compliance for the life sciences and insurance industries.

Key People

Dipanwita Das, Walter Bender, Richard Graves

Outperformers

Outperformers are the most specialized service providers in the market and possess the expertise to address unique customer needs.

See why these companies made it as outperformers for Life Insurance - Underwriting Data Platforms. These companies include Atidot and Fenris Digital.

Atidot logo
Atidot

Israel / Founded Year: 2016

Atidot is a cloud-based, SaaS platform tailored specifically to the needs of the life insurance industry, which uses artificial intelligence, machine learning and predictive analytics to enable life insurers to make data-driven business decisions.

Known Customers

Pacific Life Insurance

Key People

Dror Katzav

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Fenris Digital

United States / Founded Year: 2016

Fenris Digital streamlines the quoting process for global P&C insurance using data enrichment, proprietary algorithms, and ongoing machine learning.

Key People

Jennifer Linton, Jay Bourland

Challengers

Challengers are the most promising service providers in the market and possess the agility to address emerging customer needs.

See why these companies made it as challengers for Life Insurance - Underwriting Data Platforms. These companies include Proformex and Carpe Data.

Proformex logo
Proformex

United States / Founded Year: 2016

Proformex is a life insurance policy management system that ensures life insurance contracts are actively managed each year.

Carpe Data logo
Carpe Data

United States / Founded Year: 2016

Carpe Data provides next-generation predictive scoring and data products to P&C and life insurance companies. Leveraging the social web, online content, wearables, connected devices, and other forms of next-generation data Carpe Data's products enables insurers to more accurately predict risks and innovate with new products to meet changing customer habits. Carpe Data was founded in 2016 and is based in Santa Barbara, California.

Key People

Max Drucker, Robert Burns, James Andrews

App Orchid logo
App Orchid

United States / Founded Year: 2013

The App Orchid platform helps enterprises build AI-fueled apps for the energy, utilities, insurance, and healthcare industries. ContractAI is a product built on App Orchid's AI platform to transform the contracting process - improving the analysis, creation, and negotiation of contracts. ContractAI utilizes AI to automatically ingest and analyze historical contracts to author templates based on terms that were proven win-win. The company was founded in 2013 and is based in San Ramon, California.

Known Partners

Kx Systems

Key People

Vaibhav Nadgauda, Ravi Bommakanti, Yuvaraj Mani, and 1 more

Amenity Analytics logo
Amenity Analytics

United States / Founded Year: 2015

Amenity Analytics cloud-based text analytics tools allow companies in any industry to systematically extract intelligence from any text in real time. Amenity Analytics focuses primarily on extracting intel from financial documents.

Key People

Nathaniel Storch, Maoz Shact, Hedva Feldman

Montoux logo
Montoux

United States / Founded Year: 2012

Montoux provides pricing transformation for life insurance carriers, allowing them to respond easily to fast-changing market dynamics, while also improving their profitability and sales. The company's application's integrated modules allow life insurers to combine pricing, competitive analysis, elasticity analysis and price optimization in one reliable, easy to use application. With Montoux, product and pricing teams can perform highly detailed, segmented analysis of their key pricing metrics in a fraction of the time they could before, with greater results.

Key People

Klaas Stijnen, Gert Verhoog, Geoff Keast, and 1 more

What is Life Insurance - Underwriting Data Platforms?

Underwriting data platforms collect and organize the applicant and third-party data required by life insurance underwriters. They often bring together third-party alternative datasets like pharmaceutical records, credit scores, and motor vehicle records. Insurers can tap into these data sources to augment their own internal datasets and, ultimately, enhance the speed and quality of the underwriting process.

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Reach more buyers.

Your future customers are researching their next tech solution on CB Insights. Make sure they can find you.

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