Bytesforce

Core policy administration system for life and general insurers across all lines of business

Core Administration Growth Bootstrapped

Overview

Bytesforce is a Singapore-based core policy administration system (CorePAS) provider serving life and general insurers across all lines of business. The company targets carriers, MGAs, and reinsurers in the APAC region, covering personal, commercial, group, and reinsurance lines. Founded in 2018, Bytesforce operates from Singapore with offices in Malaysia, China, and Australia.

The company flagship platform, InsurerMate V4.0, is built on an API-and-AI native architecture with over 2,800 APIs and cloud-agnostic containerized deployment. The platform supports no-code/low-code configuration, multi-tenanted and multi-country operations, and straight-through processing (STP). Bytesforce claims deployment speeds 3-4x faster than legacy systems, 70% faster product launches, and up to 65% lower total cost of ownership compared to incumbent core platforms.

Bytesforce has accumulated 20+ insurance company customers with over 100 million policies transacted as of 2024. The company has been recognized by Celent consecutively in 2024 and 2025 as a Luminary in the CorePAS vendor report, achieving the highest rating in both Advanced Technology and Breadth of Functionality categories.

Products & Services

InsurerMate V4.0

An API-and-AI native core insurance platform supporting all lines of insurance business including general, life, personal, commercial, group, and reinsurance. Built on a containerized cloud-agnostic architecture with 2,800+ layered APIs, no-code/low-code product configuration, and an AI Middle Office orchestration layer.

Key Features

2,800+ REST APIs with layered architecture for omni-channel front-end connectivity
No-code/low-code product factory for rapid insurance product launches
AI Middle Office agent orchestration for automated workflows
Multi-tenanted, multi-country platform with straight-through processing (STP)
Cloud-agnostic containerized deployment (any cloud provider)

Target Users: Carriers, MGAs, reinsurers

P&C Core Suite

Property and casualty insurance solution covering personal and commercial lines within the InsurerMate platform. Supports all general insurance product types as part of the CorePAS offering.

Key Features

Personal and commercial lines support
Policy lifecycle management from quote to renewal
Claims, billing, and reinsurance modules

Target Users: P&C carriers and MGAs

L&H Core Suite

Life and health insurance platform within InsurerMate supporting individual, group, and corporate life insurance product types.

Key Features

Individual and group life policy administration
Benefits calculation and payout management
Corporate policy administration

Target Users: Life and health carriers

EB Core Suite

Employee benefits insurance solution for SMEs and corporates, integrating group health, life, and benefits administration within the InsurerMate platform.

Key Features

Group health and life administration
Benefits enrollment and management
SME and corporate employee programs

Target Users: Group benefits carriers and employers

Embedded Micro-Insurance Core

Digital partnership insurance integration platform for on-demand, event-based, and embedded insurance products. Enables digital economy businesses to offer microinsurance products through API connectivity to the InsurerMate core.

Key Features

On-demand and event-based insurance product support
Embedded insurance API connectivity
Microinsurance product factory

Target Users: Digital ecosystem businesses, embedded insurance operators

Omni-Channel Distribution

Multi-channel sales and engagement platform connecting front-end applications (agents, brokers, direct, embedded) to the core system via APIs, enabling consistent product distribution across all channels.

Key Features

Agent, broker, direct, and embedded channel support
Unified API-driven distribution layer
Real-time product configuration propagation

Target Users: Carriers, brokers, agents

At a Glance

Founded: 2018
Headquarters: Singapore
Employees: 51-200
Funding: Bootstrapped

Category & Focus

Category: Core Administration
Subcategories: Policy Administration Core PAS Billing Claims Management Reinsurance Management
Insurance Verticals: Life & Annuity P&C Personal P&C Commercial Group Benefits Reinsurance
Target Customers: Carriers, MGAs/MGUs, Reinsurers