INSURECRYPT

Blockchain-encrypted policy administration for carriers, brokers, and reinsurers

Core Administration Startup Bootstrapped

Overview

INSURECRYPT is a Canadian policy administration system (PAS) provider serving insurance carriers, brokers, MGAs, and reinsurers. The platform delivers a cloud-based Policy as a Service (PaaS) covering the full insurance lifecycle -- policy issuance, endorsements, renewals, billing, claims management, and reinsurance data -- across all lines of business.

The platform is built around a private blockchain architecture that encrypts Personally Identifiable Information (PII) and Protected Health Information (PHI) in transit and at rest. This design provides a full audit trail for policy, billing, and claims data while meeting GDPR and international data protection requirements. Modular API microservices allow insurers to integrate InsureCrypt alongside existing core systems or deploy it as a standalone platform.

INSURECRYPT reports approximately 30 small insurance companies actively feeding data into the solution. The company is led by CEO and President Mica Cooper, who also leads the affiliated firm Aisus.

Products & Services

Policy Administration System (PAS)

Cloud-based policy lifecycle management covering issuance, endorsements, renewals, and cancellations across all lines of business.

Key Features

Full policy lifecycle management (issuance, endorsements, renewals, cancellations)
All lines of business support
Private blockchain encryption of PII/PHI
GDPR-compliant data handling

Target Users: Insurance carriers, MGAs, and brokers

Billing Module

Premium billing and payment management integrated with the core PAS.

Key Features

Premium billing and invoicing
Payment processing and reconciliation
Integration with policy lifecycle events

Target Users: Carriers, MGAs

Claims Management

Claims intake, processing, and settlement workflow management with secure blockchain-encrypted data handling.

Key Features

FNOL and claims intake
Claims processing and settlement workflows
Audit trail via private blockchain

Target Users: Carriers, TPAs

Reinsurance Management

Reinsurance data management and reporting for complex multi-party insurance structures.

Key Features

Reinsurance data tracking and reporting
Multi-party data exchange
Secure data transmission

Target Users: Carriers, Reinsurers

API Microservices

Modular API-based architecture enabling integration with existing insurer systems or standalone cloud deployment.

Key Features

REST API microservices architecture
Modular integration with existing core systems
PII/PHI encrypted cloud SaaS database

Target Users: Insurance IT teams, carriers, brokers

At a Glance

Headquarters: Toronto, Ontario, Canada
Funding: Bootstrapped

Category & Focus

Category: Core Administration
Subcategories: Policy Administration Systems Blockchain Data Security
Insurance Verticals: P&C Commercial P&C Personal Life & Annuity Specialty/E&S Reinsurance
Target Customers: Carriers, Brokers, MGAs/MGUs, Agents/Agencies, Reinsurers