Assuretech

Insurance management software for carriers and brokers across the Middle East and Africa

Core Administration Established Bootstrapped

Overview

Assuretech is a core insurance management software provider serving insurance carriers and brokers, with a primary commercial focus on Middle East and Africa markets. The company develops the IIRIS suite -- a modular, web-based platform that covers the full operational lifecycle of an insurance business, from policy issuance and underwriting to claims settlement and broker commission management. Both general insurance and medical insurance lines are supported, along with Takaful (Islamic insurance) product structures.

The platform is delivered as a web-based solution built on Oracle and .NET technologies. It encompasses modules for policy administration, claims processing, broking management, customer portals, mobile access, business intelligence reporting, workflow automation, and HR/payroll. The modular design allows insurance organizations to adopt individual components or deploy the suite as an integrated system across their operations.

Founded in 2008 and headquartered at Technopark in Thiruvananthapuram, Kerala, Assuretech operates as a bootstrapped company with approximately 457 employees as of 2024. Over its 18-year history, the company has built a customer base among insurance carriers and broking organizations requiring domain-specific software for complex policy administration and claims operations.

Products & Services

IIRIS General Insurance Management

Policy lifecycle management for general insurance lines, including Takaful structures. Covers underwriting, premium calculation, billing, commission management, claims processing and settlement, and policy renewal.

Key Features

Takaful (Islamic insurance) general insurance modules
End-to-end claims processing and settlement
Commission and brokerage management
Policy renewal automation

Target Users: P&C and specialty insurance carriers

IIRIS Medical Insurance Platform

Administration platform for medical insurance business. Manages policy issuance, benefits eligibility, claims processing specific to health lines, and healthcare provider network integration.

Key Features

Benefits management and eligibility tracking
Medical claims processing
Healthcare provider network integration
Policy issuance and administration

Target Users: Health and medical insurance carriers

IIRIS Broking Management System

Tools for insurance broking operations including commission calculation, multi-carrier integration, and regulatory reporting.

Key Features

Commission calculation and reporting
Broker portal and management tools
Multi-carrier integration
Compliance and reporting features

Target Users: Insurance brokers and broking firms

Online Insurance Portal (eCRM)

Customer-facing web portal for policy inquiries, purchases, and self-service management.

Key Features

Online policy purchase and management
Customer self-service tools
Integration with core IIRIS modules

Target Users: Insurance carriers deploying customer-facing portals

IIRIS Business Intelligence System

Analytics and reporting layer for insurance operations data, providing management dashboards and operational insights.

Key Features

Management dashboards and reporting
Operational analytics for insurance data
Integration with IIRIS suite data

Target Users: Insurance carriers and broking operations managers

Additional Modules

Key Features

Quotation Management System: Quote generation and management
Workflow Management: Process automation and orchestration
Survey Management: Field survey and assessment tools for underwriting
Mobile Application: Mobile access to insurance operations
Payroll and HR Management: Integrated HR and payroll system

At a Glance

Founded: 2008
Headquarters: Thiruvananthapuram, Kerala, India
Employees: 201-500
Funding: Bootstrapped

Category & Focus

Category: Core Administration
Subcategories: Policy Administration Claims Management Broking Management Medical Insurance Administration
Insurance Verticals: P&C Commercial Health Specialty/E&S
Target Customers: Carriers, Brokers