InsurTech Service

Insurance automation and IT solutions for Korean insurance carriers

Core Administration Established 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.