Damco Group

Core insurance administration software for carriers, MGAs, and brokers across P&C, health, and life lines.

Core Administration Established Bootstrapped

Overview

Damco Group (Damco Solutions) is a policy administration and core insurance software provider serving carriers, MGAs, brokers, and other intermediaries across P&C, health, life, and annuity/pension lines. Founded in 1996 and headquartered in Plainsboro Township, New Jersey, the company operates as the insurance technology division of a larger IT and digital transformation services firm with additional offices in the UK, Luxembourg, India, and Dubai.

The company's flagship product, InsureEdge, is a configurable insurance management platform covering the policy lifecycle from onboarding through underwriting, billing, servicing, and claims. It includes an AI-driven underwriting and decision-support engine, document and workflow management, a predictive analytics engine, and portals for customers, agents, and members, and is offered in cloud, hybrid, and on-premise deployment modes with API integrations to core systems, CRMs, payment gateways, and regulatory data sources. The suite ships in P&C, life and annuity, and health variants, alongside companion products BrokerEdge for broker workflow automation and InsuraCRM for insurance-specific customer relationship management.

Damco reports more than two decades of insurance domain experience and lists carriers and intermediaries including Sagicor, AAA, Gallagher, AXA, and Aspen among its customers, with published case studies covering a Caribbean insurer and a UAE-based insurer that adopted InsureEdge. The parent company is privately held and bootstrapped, with 1,000+ employees and no disclosed venture funding.

Products & Services

InsureEdge

AI-enabled, configurable insurance management platform covering the full policy lifecycle -- digital onboarding, underwriting and decision support, policy administration, billing, servicing, and claims -- across P&C, health, life, and annuity/pension lines.

Key Features

AI-driven underwriting and decision-support engine
Document and workflow management with a configurable rules engine
Predictive analytics engine with template, report, and dashboard builders
Mobile app, customer portal, agent portal, and member portal access
Cloud, hybrid, and on-premise deployment with API integrations to core systems, CRMs, payment gateways, and regulatory data sources

Target Users: Carriers, MGAs, brokers, and other intermediaries writing P&C, health, life, and annuity/pension business

BrokerEdge

Broker management and workflow automation platform offered alongside InsureEdge as part of Damco's insurance product suite.

Target Users: Insurance brokers and agencies

InsuraCRM

Customer relationship management system built for insurance carriers, brokers, and agents.

Target Users: Carriers, brokers, and agents managing customer and prospect relationships

At a Glance

Founded: 1996
Headquarters: Plainsboro Township, New Jersey, USA
Employees: 1000+
Funding: Bootstrapped

Category & Focus

Category: Core Administration
Subcategories: Policy Administration Underwriting Billing Claims Management Broker Management CRM
Insurance Verticals: P&C Personal P&C Commercial Health Life & Annuity
Target Customers: Carriers, MGAs, Brokers, Agents/Agencies