Allegory App

AI-powered insurance wallet that helps consumers understand and manage their policies in plain English

Customer Engagement Startup Seed

Overview

Allegory is a consumer-facing insurance wallet and AI analysis platform for personal insurance policyholders in the US and Canada. The company addresses a widespread gap in policyholder literacy: most consumers do not know what their insurance policies cover. Founded in 2019 by actuary Onur Gungor, Allegory aggregates policies from any insurer into a single digital wallet and uses AI to translate coverage documents into plain language.

The platform accepts policy PDFs from 50+ major North American carriers and applies optical character recognition and custom AI models trained on insurance documents to extract coverage details, limits, deductibles, exclusions, and gaps. Core functionality includes an AI policy assistant for natural-language questions, a claims guidance module, smart renewal alerts, and a coverage health score. The product is delivered as a mobile app and SaaS platform hosted on AWS infrastructure with AES-256 encryption and SOC 2 Type II compliance.

Allegory reported 10,000+ policyholders as of May 2026 with more than USD 2.4B in analyzed coverage. The company operates under the domain allegoryinsurance.com and has received at least one seed funding round, with backing tracked on Crunchbase.

Products & Services

Digital Insurance Wallet

A mobile and web application that stores, organizes, and analyzes insurance policies from any insurer. Users upload PDF policy documents and the platform extracts coverage data automatically using OCR and AI.

Key Features

Policy upload and secure storage across all major insurance types (auto, home, pet, travel, life, health, commercial, pension)
AI-powered coverage extraction and plain-English summaries
Coverage gap identification across multiple policies
Support for 50+ major US and Canadian carriers

Target Users: Individual policyholders

AI Policy Assistant

A conversational AI tool that answers policyholder questions about their specific uploaded policies. Questions can include coverage limits, exclusions, premium breakdown, deductibles, and whether rates are competitive.

Key Features

Natural-language query interface tied to uploaded policy documents
Answers grounded in user-specific policy content (not generic advice)
Coverage comparison across multiple policies in the wallet

Target Users: Individual policyholders

Claims Assistant

A guided claims-filing workflow that verifies coverage before submission and walks users through carrier-specific requirements.

Key Features

Pre-claim coverage verification
Document checklist by claim type
Step-by-step claim process walkthrough
Expected timeline and outcome guidance

Target Users: Individual policyholders

Smart Alerts

Proactive notification system tied to policy renewal dates and market rate changes.

Key Features

Renewal reminders at 90, 60, and 30 days prior to expiration
Rate-change alerts when switching carriers may reduce premiums
Coverage gap notifications
Aggregated coverage health score across all stored policies

Target Users: Individual policyholders

At a Glance

Founded: 2019
Headquarters: Toronto, Ontario, Canada
Employees: 11-50
Funding: Seed

Category & Focus

Category: Customer Engagement
Subcategories: Policy Management AI-Powered Policy Analysis Document Management
Insurance Verticals: P&C Personal Life & Annuity Health
Target Customers: Consumers