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
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Last updated: 2026-05-17