Prolego

AI-powered underwriting automation platform for life insurance carriers

Underwriting & Risk Startup Seed

Overview

Prolego is an underwriting automation platform serving life insurance carriers. Founded in Toronto in 2019 by University of Toronto graduates in engineering, mathematics, and statistics, the company provides AI-driven tools that help carriers streamline the underwriting process, reduce operational costs, and improve customer throughput.

The platform uses machine learning and natural language processing to analyze unstructured insurance documents -- including applications, medical reports, and underwriting notes -- and generate risk assessments to assist underwriters. Models are trained on each carrier's own historical underwriting data, enabling carrier-specific predictions without reliance on generic scoring. The core product aims to reduce the number of unnecessary medical tests ordered during underwriting while maintaining appropriate risk selection standards.

Prolego received early-stage backing from NEXT Canada, a Toronto-based startup accelerator, and has positioned itself within the Canadian insurtech ecosystem. The company claims its platform can reduce carrier customer acquisition costs by USD 2-20 million annually and cut underwriting cycle time by roughly half.

Products & Services

Prolego.ai Platform

An AI-powered underwriting automation platform for life and health insurance carriers. The platform ingests carrier data, learns from historical underwriter decisions, and produces risk predictions to guide underwriting workflows.

Key Features

Predictive risk assessment using machine learning models trained on carrier-specific data
Natural language processing for extracting information from unstructured applications and medical reports
Workflow augmentation with AI-generated risk insights and recommendations for underwriters
Carrier-specific model customization based on historical underwriting outcomes

Target Users: Life insurance carrier underwriting teams

At a Glance

Founded: 2019
Headquarters: Toronto, Ontario, Canada
Employees: 1-10
Funding: Seed

Category & Focus

Category: Underwriting & Risk
Subcategories: Automated Underwriting Document Processing Predictive Analytics
Insurance Verticals: Life & Annuity
Target Customers: Carriers