# INARI

> The smart way to manage risk

## At a glance

| Field | Value |
| --- | --- |
| Category | Underwriting & Risk |
| Type | Solutions Provider |
| Region | EMEA |
| Headquarters | Barcelona, Spain |
| Founded | 2017 |
| Stage | Growth |
| Employees | 51-200 |
| Funding | Seed |

## Overview

INARI is an underwriting and bordereaux management platform for insurers, reinsurers, MGAs, and Lloyd's syndicates. Founded in 2017 in Barcelona by insurance veterans, the company develops cloud-native, API-first core infrastructure that covers the full policy lifecycle from submission intake through portfolio management and reporting.

The platform consists of two primary products -- Kitsune, an underwriting workbench, and Matsuri, a bordereaux management and data automation tool -- alongside an MGA and reinsurance administration system. All modules are modular and designed for integration with existing policy administration systems, BI tools, and data lakes. The platform processes structured and unstructured data using automated workflows and AI-assisted triage.

INARI serves 375+ daily active clients and processes USD 4B+ in transactions annually. The company raised a USD 5.2M Seed round in September 2023 from Caixa Capital Risc/Criteria Venture Tech, CDTI, and Lloyd's as an institutional investor. In 2025, the company was named to the InsurTech100 list by FinTech Global and is an alumnus of the Lloyd's Lab accelerator.

## Products & services

### Kitsune \-\- Underwriting Workbench

An underwriting platform that handles submission intake, risk triage, binding authority management, and portfolio monitoring. Submissions are ingested directly from email inboxes with automated data extraction and AI-assisted categorization.

**Key features:**

- Email\-native submission intake with automated data extraction and triage
- Customizable binding authorities with real\-time breach alerts
- Portfolio dashboards with KPI tracking across the policy lifecycle
- Natural language processing for policy summaries \(under 1 minute\)
- Reduces underwriting errors by approximately 80%

*Target users:* Underwriters at MGAs, Lloyd's syndicates, carriers, and reinsurers

### Matsuri \-\- Bordereaux Management & Data Automation

A bordereaux processing platform that automates the ingestion, cleansing, and standardization of Risk, Premium, and Claims data for reinsurance and MGA operations. Processes 20,000+ data points in under 2 minutes.

**Key features:**

- Automated ingestion and standardization of bordereaux data from multiple sources
- Real\-time validation with error detection and proactive alerts
- Smart binder control with counterparty and compliance management
- Lloyd's standards mapping and special acceptances compliance
- BI/MI tool integration and data lake connectivity via API

*Target users:* MGA operations teams, reinsurance data managers, Lloyd's syndicates

### MGA & Reinsurance Administration System

End-to-end policy administration covering quotation, premium processing, commission management, claims management, and settlement for MGA and reinsurance operations.

**Key features:**

- Policy lifecycle management from quotation to settlement
- Integrated premium processing and commission management
- Claims management and reporting
- Seamless integration with other INARI modules and third\-party systems

*Target users:* MGAs and reinsurance companies requiring a full administration system

## Category & focus

- Subcategories: Underwriting Workbench, Bordereaux Management, MGA Platform, Data Automation
- Insurance verticals: Specialty/E&S, Reinsurance, P&C Commercial
- Target customers: MGAs/MGUs, Carriers, Reinsurers

## Notable customers

- MGAs across European and London markets
- Lloyd's syndicates
- Reinsurance companies

## Links

- Website: <https://www.inari.io>
- Directory profile: <https://insurtechlist.com/companies/inari/>
- Linkedin: <https://es.linkedin.com/company/inari-io>
- Blog/news: <https://www.inari.io/category/news/>

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*Last updated: 2026\-05\-17*