# PolicyFly > Growth Platform for Specialty Insurers ## At a glance | Field | Value | | --- | --- | | Category | Core Administration | | Type | Solutions Provider | | Region | NA | | Headquarters | New York, NY | | Founded | 2018 | | Stage | Startup | | Employees | 11-50 | | Funding | Seed | ## Overview PolicyFly is a growth platform designed specifically for specialty and excess & surplus (E&S) insurers. The company empowers MGAs, MGUs, carriers, coverholders, and syndicates to sell and manage specialty insurance in minutes instead of weeks. Every year, approximately $200 billion of specialty insurance such as cyber, flood, and trucking is processed over email between agents and insurers. PolicyFly connects both parties to automate these workflows and consolidate all data, bringing growth, efficiency, and transparency to otherwise hard-to-insure markets. Founded by Cory Crosland, Marcel Esser, and Michael Fiedel, PolicyFly originated from Croscon, a digital product studio. After the fourth insurance company asked Croscon to build the same custom policy management platform, the founders realized the need existed for a productized solution. PolicyFly launched through Y Combinator's Winter 2022 batch and has since processed over $1 billion in specialty premium. PolicyFly enables insurers to rapidly launch new programs in weeks rather than months, with the initial platform running in days. The platform has earned a reputation as a reliable solution for policy administration, enabling insurers to manage everything from submission intake and underwriting to endorsements, cancellations, reinstatements, and reporting. ## Products & services ### PolicyFly Platform A complete policy management platform built specifically for specialty insurance programs. It brings agents, brokers, and customers into one experience, handling every step from submission intake through policy servicing. **Key features:** - Online applications with streamlined quote\-to\-bind workflows - Policy issuance, endorsements, cancellations, and reinstatements - Configurable business rules for automated underwriting - Real\-time reporting across submission queues and aggregate limits - Agent and broker portal for self\-service access *Target users:* MGAs, MGUs, carriers, coverholders, syndicates ### PolicyFly Capture Automatically ingests and processes submissions from any source, in any format. Capture enables underwriters to automate submission intake, allowing for faster evaluations and improved bind ratios. **Key features:** - Multi\-source submission ingestion \(email, portal, API\) - Automated data extraction and normalization - Submission triage and prioritization - Faster underwriter evaluation workflows *Target users:* Underwriters, submission teams ### Reporting Suite Real-time analytics that give insurers insights into submission flow, bind rates, and risk performance. The reporting suite helps refine pricing, optimize underwriting, and track claims impact. **Key features:** - Submission flow analytics - Bind rate tracking - Risk performance metrics - Claims impact reporting - Aggregate limit monitoring *Target users:* Underwriting managers, actuaries, program managers ### Automate Straight-through-processing capabilities based on configurable business rules, allowing underwriters to focus on complex risks while routine submissions are handled automatically. **Key features:** - Configurable underwriting rules engine - Straight\-through processing for qualifying submissions - Automated pricing and quoting - Business rule management *Target users:* Underwriters, operations teams ### Integrate Third-party data integration layer that leverages external data sources to inform decision-making or share data with other business systems like accounting and claims. **Key features:** - Third\-party data enrichment - Accounting system connectivity - Claims system integration - API\-based data sharing *Target users:* IT teams, operations teams ## Category & focus - Subcategories: Policy admin, submissions management, underwriting automation - Insurance verticals: P&C Commercial, Specialty/E&S - Target customers: MGAs/MGUs, Carriers, Brokers, Coverholders, Syndicates ## Notable customers - Green Shield Risk Solutions \(wildfire intelligence integration partner\) - Cyber insurance - Flood insurance - Trucking insurance - Other specialty and E&S lines ## Links - Website: - Directory profile: - Capterra: - Linkedin: - Y combinator: --- *Last updated: 2026\-03\-25*