Adcubum

Core insurance software platform for health, accident, and P&C insurers in the DACH region

Core Administration Established Acquired

Overview

Adcubum is a core insurance software provider serving health, accident, and P&C insurers across the DACH region. The company develops and markets Adcubum Syrius, a modular core insurance platform that handles the full policy lifecycle -- from quoting and contract management through claims processing, billing, and customer service. The platform supports over 15,000 daily users and manages more than CHF 37 billion in premium volume across 7 million policyholders.

Syrius is delivered as a modular suite with container-based architecture running on Kubernetes, with options for on-premise, private cloud, and public cloud (Microsoft Azure) deployment. The 2024 launch of Syrius ad.Cloud marked the company's shift toward cloud-native SaaS delivery, with the first customer cloud migration beginning in early 2026. The platform offers 100+ standard third-party interfaces via its ad.Integration module, supporting the health and accident insurance value chain in the German-speaking market.

Founded in 1997 in St. Gallen by four engineers, Adcubum employs over 300 staff across Switzerland, Germany, and Croatia. The company was majority-owned by PE firm TA Associates from 2021 until September 2025, when Swiss health insurer Helsana Group completed an acquisition. Adcubum operates as an independent subsidiary with unchanged management. Key customers include Helsana, Sanitas, Suva, AXA, Helvetia, and Swica -- a strong representation of the Swiss health and accident insurance market.

Products & Services

Adcubum Syrius

The company's flagship core insurance platform for health, accident, and P&C insurers. Modular architecture supports the complete insurance value chain from policy issuance through claims settlement. Runs on a modern open-source component stack with container-based deployment (Kubernetes) and GitOps automation.

Key Features

Modular design supporting configuration for different insurance lines
100+ standard third-party interfaces for industry integrations
Integrated claims processing with E-Claim Plus
Enterprise Content Management (ECM) and Business Process Modelling (BPM)
Flexible deployment across on-premise, private cloud, and public cloud

Target Users: Health, accident, and P&C insurers in the DACH market

Syrius ad.Cloud

Cloud-native SaaS offering launched in 2024, built on Microsoft Azure. Designed for insurers seeking to transition from on-premise core systems to a managed cloud model. The first customer (Sanitas) began migration in Q1 2026, with production expected in cloud by 2028.

Key Features

Delivered on Microsoft Azure with flexible deployment options
Lower operating costs and flexible release model compared to on-premise
Integrated cybersecurity capabilities
Designed to simplify adoption of AI-based services

Target Users: Established DACH insurers modernizing legacy core systems

ad.Suite Modules

A comprehensive set of functional modules covering the insurance value chain: ad.Automation (dark processing and workflow automation), ad.Integration (external system data exchange), ad.Partner (policyholder and organization data), ad.Quotation (digital offer creation), ad.Commission (sales and agent management), ad.Policy (contract and portfolio management), ad.Claims (claims processing and invoicing), ad.Collection & Disbursement (payment flows and debt collection), and ad.ServiceDesk (customer support).

Key Features

End-to-end coverage from distribution through claims and collections
Multi-channel sales and agent commission management
Service provider integration for claims

Target Users: Insurers requiring modular core system components

At a Glance

Founded: 1997
Headquarters: St. Gallen, Switzerland
Employees: 201-500
Funding: Acquired

Category & Focus

Category: Core Administration
Subcategories: Policy administration claims management billing core insurance system
Insurance Verticals: Health P&C Commercial Workers Compensation
Target Customers: Carriers