INSURTIC INC

AI-driven analytics and automation platform for insurance carriers

Data & Analytics Startup Seed

Overview

Insurtic is an AI/ML analytics and workflow automation platform for insurance carriers. The platform targets actuarial, underwriting, and claims departments, enabling users to apply machine learning models and automate analytical workflows without requiring coding skills.

The platform includes tools for detecting emerging loss patterns, segmenting insured populations, and optimizing pricing strategies through visual interfaces. It is delivered as a SaaS solution designed to integrate with existing carrier systems across claims processing, underwriting, and actuarial workflows.

Insurtic is an early-stage startup backed by the Global Insurance Accelerator (2022 cohort) and MassChallenge, with total funding of approximately USD 52,400. The company is headquartered in Des Moines, Iowa.

Products & Services

Risk Analytics Platform

An AI-powered analytics engine that continuously scans carrier data to detect emerging loss patterns and surface new risk selection and pricing opportunities. Uses machine learning algorithms and visual interfaces to automate analytical workflows.

Key Features

Automated detection of emerging loss patterns
Risk population segmentation and classification
No-code visual workflow interfaces for analysts

Target Users: Actuaries, underwriters, and claims adjustors at insurance carriers

Claims Analytics

AI-driven analysis of claims data to identify patterns and improve claims processing efficiency.

Key Features

Pattern detection across claims data
Claims workflow automation support
Integration with existing claims systems

Target Users: Claims adjustors and claims management teams at carriers

Actuarial Intelligence

Machine learning tools to support actuarial teams in population segmentation, risk classification, and pricing optimization.

Key Features

Population segmentation models
Risk classification using ML algorithms
Pricing strategy optimization

Target Users: Actuarial teams at insurance carriers

Underwriting Automation

Visual workflow automation tools for underwriting departments to improve decision-making and reduce manual processes.

Key Features

Visual no-code workflow builder
Integration with underwriting data sources
Automated risk selection support

Target Users: Underwriters at insurance carriers

At a Glance

Headquarters: Des Moines, Iowa, USA
Employees: 1-10
Funding: Seed

Category & Focus

Category: Data & Analytics
Subcategories: Predictive Analytics Actuarial Tools Claims Analytics Underwriting Analytics
Insurance Verticals: P&C Commercial P&C Personal Specialty/E&S
Target Customers: Carriers