# InsurTech Service

> Insurance automation and IT solutions for Korean insurance carriers

## At a glance

| Field | Value |
| --- | --- |
| Category | Core Administration |
| Type | Solutions Provider |
| Region | APAC |
| Headquarters | Seoul, South Korea |
| Founded | 2018 |
| Stage | Established |
| Employees | 11-50 |
| Funding | Bootstrapped |

## Overview

InsurTech Service is a B2B software and services provider delivering insurance automation solutions to carriers and financial services companies in South Korea. The company focuses on P&C lines including auto, mobile phone, student travel, and corporate expense insurance.

Its product portfolio spans three areas: integrated automation software (premium calculation, claims management, and digital sales platforms), cloud-based software management, and insurance operations consulting. Core solutions are delivered as web-based platforms and custom APIs designed to connect with existing carrier and TPA systems.

Founded in 2018 and headquartered in Seoul, the company serves major Korean insurance carriers. It operates without disclosed external funding, consistent with a services-focused B2B model serving a concentrated domestic market.

## Products & services

### Real\-Time Premium Calculation System

Automated calculation engine for processing direct insurance premiums across multiple P&C product lines. Replaces manual rating workflows and integrates with carrier policy administration systems to support faster policy issuance.

**Key features:**

- Real\-time multi\-variable calculation for auto and specialty lines
- Carrier system integration
- Support for multiple P&C product types

*Target users:* P&C insurance carriers in South Korea

### Claims Management Platform

End-to-end platform for insurance claims processing, covering intake through payout. Automates claims workflows and integrates with TPA systems and internal carrier operations.

**Key features:**

- Automated claims intake and workflow routing
- TPA system integration
- Claims lifecycle tracking from first notice to settlement

*Target users:* Insurance carriers and TPAs

### Mobility Insurance APIs

API layer for mobile and mobility-related insurance products, including mobile phone damage insurance and used car valuation services. Enables carriers to deliver on-demand insurance through digital channels.

**Key features:**

- API\-first architecture for insurance product delivery
- Mobile device damage insurance data flows
- Used car valuation service integration

*Target users:* Carriers distributing mobile and auto\-adjacent insurance products

### Digital Sales and Consultation Solutions

Web-based and video consultation platforms that support remote customer engagement for insurance agents. Enables digital sales workflows across multiple P&C product types without requiring in-person meetings.

**Key features:**

- Remote video consultation for policy sales
- Multi\-product support across P&C lines
- Agent workflow management

*Target users:* Insurance agents and carriers operating digital distribution channels

### Software Management and Cloud Migration

Managed services covering software maintenance and cloud infrastructure migration. Helps insurance companies move legacy systems to cloud environments and reduce operational overhead.

**Key features:**

- Cloud infrastructure migration on AWS
- Ongoing system maintenance and technical support
- IT modernization consulting

*Target users:* Korean insurance carriers modernizing legacy IT infrastructure

### Insurance Operations Consulting

Advisory services for insurance process digitization and automation. Covers process assessment, solution design, and implementation guidance for workflow automation projects.

**Key features:**

- Insurance process optimization analysis
- Automation solution scoping and design
- Implementation support

*Target users:* Insurance carriers and financial services companies

## Category & focus

- Subcategories: Claims Management, Premium Calculation, Digital Sales
- Insurance verticals: P&C Personal, P&C Commercial
- Target customers: Carriers, TPAs

## Links

- Website: <https://itechs.io>
- Directory profile: <https://insurtechlist.com/companies/insurtech-service/>

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*Last updated: 2026\-07\-12*