Overview
Korr is a venture-backed insurtech startup founded in New York City by insurance professionals who recognized that legacy software vendors were falling short of modern requirements. The company develops a cloud-native insurance operating system designed to help carriers, agents, and third-party administrators (TPAs) modernize their operations without the prohibitive costs typically associated with legacy system migrations.
The platform is built on AWS infrastructure with an API-first architecture, enabling insurers to migrate on-premise legacy systems to the cloud while improving customer experience and reducing operational expenditure. Korr's technology emphasizes reduced switching costs, allowing carriers to feasibly convert their historical data to cloud-native infrastructure.
Currently managing 240,000 policies in production, Korr is executing major transformation projects for US insurance TPAs, implementing system replacements using their proprietary technology stack.
Products & Services
Korr Insurance Operating System
A cloud-native platform that replaces legacy insurance systems with modern, flexible infrastructure.
Key Features
- Cloud-native architecture built on AWS
- No-code rules engine for customization
- Intelligent system-wide search functionality
- Flexible data model supporting legacy data migration
- AI-enablement capabilities
- Minimalist, modern user interface
Target Users: Insurance carriers, TPAs, and agents seeking to modernize legacy systems
Claims Processing
Streamlined claims management with modern workflow automation.
Key Features
- End-to-end claims processing
- Automated workflows
- Real-time status tracking
Target Users: Claims adjusters, TPAs
Policy Administration
Simplified policy management with cloud-native architecture.
Key Features
- Policy lifecycle management
- New product development acceleration
- Historical data migration support
Target Users: Underwriters, policy administrators
At a Glance
- Founded
- 2021
- Headquarters
- New York City, NY
- Employees
- 11-50
- Funding
- Seed
Category & Focus
- Category
- Core Administration
- Subcategories
- Policy Administration Claims Management Cloud Migration
- Insurance Verticals
- P&C Life & Annuity Long-Term Care
- Target Customers
- Carriers, TPAs, Agents
Customers
- US insurance Third Party Administrators (TPAs)
- Long-term care insurance providers
Links
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Last updated: 2026-05-12