COMPASS

Cloud-based analytics and policy administration software for P&C insurers and carriers

Data & Analytics Established Acquired

Overview

COMPASS is a cloud-based business intelligence and analytics platform for property and casualty insurers, carriers, and program administrators. Developed by Insurance Data Processing (IDP), a P&C-focused technology firm with roots dating to 1949, COMPASS aggregates agency, policy, premium, claim, and quote data into dashboards and reports that help clients monitor performance and profitability.

The platform provides data visualization, customized reporting, alerting, and data management capabilities delivered as a SaaS solution. IDP also offers InsuraSphere, a comprehensive policy administration suite covering quotes, policies, and claims, along with bureau reporting services spanning all major U.S. bureaus and lines of business.

In February 2025, Martin & Company, a tech-enabled insurance solutions provider, acquired IDP's bureau reporting operations and the COMPASS software product as part of its strategic expansion into reporting and business intelligence tools. The combined offering serves insurers and residual market plans across the United States.

Products & Services

COMPASS Platform

A cloud-based business intelligence and analytics platform that aggregates insurance data across agencies, policies, premiums, claims, and quotes to surface performance and profitability insights.

Key Features

Interactive dashboards and data visualizations
Customized report generation and automated alerts
Full-featured data management and aggregation capabilities

Target Users: Insurers, carriers, and program administrators seeking performance monitoring

InsuraSphere

A policy administration suite that consolidates quotes, policies, claims, and related insurance transactions in a single platform with integrations to third-party tools.

Key Features

End-to-end policy lifecycle management
Claims and quote handling in one system
Third-party platform integrations

Target Users: P&C carriers and program administrators

Bureau Reporting Services

Comprehensive regulatory reporting to all major insurance bureaus across all lines of business in every U.S. state.

Key Features

Coverage across all major U.S. bureaus
Multi-line reporting capabilities
Streamlined processes to reduce operational overhead

Target Users: Carriers and residual market plans with state bureau reporting obligations

At a Glance

Founded: 1994
Headquarters: Wyncote, Pennsylvania
Employees: 51-200
Funding: Acquired

Category & Focus

Category: Data & Analytics
Subcategories: Business Intelligence Policy Administration Regulatory Reporting
Insurance Verticals: P&C Personal P&C Commercial Specialty/E&S
Target Customers: Carriers, MGAs/MGUs