Overview
RETJA, operating under the brand Raindrop, is a document management and analysis platform for insurance brokers and carriers, focused on cyber insurance policy documents. The platform uses AI and a proprietary Insurance Ontology to parse Product Disclosure Statements (PDS) and policy language, converting complex insurance documents into structured, searchable data.
The Raindrop platform is delivered as a cloud-based SaaS with three core modules: Standardise, which restructures policy documents into a consistent navigable format; Neptune AI, an AI assistant constrained to uploaded PDS documents to provide source-cited responses; and Upload & Search, which enables semantic search across multiple carriers and documents. A white-label REST API is available for technology partners seeking to embed policy analysis into their own applications.
Founded in 2023 and based in Darwin, Australia, RETJA raised Pre-Seed and Seed funding. The company is a member of Insurtech Australia. Former Swiss Re Head of P&C Underwriting APAC Mark Senkevics joined the advisory board in late 2023. The platform targets insurance brokers who can recover up to 30 hours per month previously spent on manual policy analysis.
Products & Services
Raindrop Platform
An AI-powered policy document analysis platform that processes insurance PDSs into structured, searchable data. Built on a proprietary Insurance Ontology developed by domain experts.
Key Features
- Standardise: restructures policy documents into navigable Droplets organized by coverage, exclusions, conditions, extensions, definitions, and claims
- Neptune AI: AI assistant constrained to uploaded documents, providing source-cited answers with direct PDF links to eliminate hallucination risk
- Upload & Search: converts static PDFs into searchable data via the Insurance Ontology, enabling cross-carrier semantic policy search
Target Users: Insurance brokers, insurance carriers
White-Label API
A REST API enabling technology partners to integrate Raindrop's policy analysis capabilities into their own insurance software platforms.
Key Features
- Embeds policy document analysis into partner applications
- Designed for insurance software platforms and broker workflow tools
Target Users: Technology partners, insurance software platforms
At a Glance
- Founded
- 2023
- Headquarters
- Darwin, Northern Territory, Australia
- Employees
- 1-10
- Funding
- Seed
Category & Focus
- Category
- Document Management
- Subcategories
- AI Document Processing Policy Analysis Semantic Search
- Insurance Verticals
- Specialty/E&S P&C Commercial
- Target Customers
- Brokers, Carriers
Customers
- Insurance brokers (primary -- cited 30 hours/month recovery in policy analysis)
- Insurance carriers (portfolio analysis and product innovation)
- Technology partners (white-label API integration)
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Last updated: 2026-06-16