Ancileo

API-first digital insurance platform for distribution, policy management, and claims automation

Distribution & Sales Growth Seed

Overview

Ancileo is a digital insurance distribution and policy administration platform for carriers, reinsurers, brokers, and affinity partners. The company, headquartered in Singapore, serves enterprise clients in the travel insurance segment and broader insurance ecosystem across the Asia-Pacific region.

The platform delivers an API-first architecture with white-label portals, agent portal management, premium billing, and claims automation. Designed as a modular SaaS offering, it supports 32 languages and integrates with over 120 payment currency methods, enabling insurers and distribution partners to deploy localized insurance products across diverse markets.

Founded in 2016 and seed-funded with USD 3M from Fermion in 2022, Ancileo counts MSIG Asia as both an investor and a strategic partner. The company hosted the Travel Insurance Unlocked Workshop in 2024 with representatives from 11 travel industry players, and launched Lea, an AI-powered claims digital agent, in mid-2024.

Products & Services

Digital Distribution Platform

An API-first distribution layer with white-label portal options and agent portal management. Supports personalization tools and direct integrations with insurer and partner systems.

Key Features

White-label storefronts and agent portals
Plug-and-play API for rapid integration
Localized payment solutions with 120+ currency integrations

Target Users: Carriers, reinsurers, affinity distribution partners

Policy Management System

A modular policy administration system designed for multi-department usage, with configurable reporting and support for different insurance product types.

Key Features

Flexible configuration for diverse insurance lines
Customizable reporting and user rights management
Multi-language support (32 languages)

Target Users: Carriers, MGAs

Lea -- AI Claims Automation

An AI-driven claims settlement platform launched in June 2024, focused on efficiency and accuracy across the full claims lifecycle.

Key Features

AI-powered claims assessment and settlement
End-to-end claims workflow automation
Integration with existing policy administration systems

Target Users: Carriers, reinsurers

Business Analytics

Real-time data visualization and reporting module for operational insights across distribution and policy operations.

Key Features

Real-time dashboards and data visualization
User rights management
Operational reporting for multi-department use

Target Users: Carriers, operations and analytics teams

At a Glance

Founded: 2016
Headquarters: Singapore
Employees: 51-200
Funding: Seed

Category & Focus

Category: Distribution & Sales
Subcategories: Digital Distribution Policy Administration Claims Automation Premium Billing
Insurance Verticals: Specialty/E&S P&C Commercial Reinsurance
Target Customers: Carriers, Brokers, MGAs/MGUs, Reinsurers