Solutus
AI-powered insurance analytics platform resolving information asymmetry across the insurance lifecycle
Overview
Solutus is a South Korean AI-driven insurtech company that has developed Lifree, a proprietary AI analytics platform designed to resolve information asymmetry in the insurance market. Founded in 2019 by CEO Seungwoo Kang, the company leverages machine learning and extensive insurance data to provide intelligent solutions for insurance consumption, analysis, and planning.
Lifree serves as the core platform, built using proprietary AI models trained on thousands of insurance consultation and policy documents. The company addresses a critical gap in the insurance industry by automating customer interactions and providing data-driven insights that help both insurance companies and end consumers make better decisions.
Solutus has achieved strong market traction with seven major domestic South Korean insurance companies integrating its APIs into their operations. The company was selected for Google for Startups AI Program in 2024 and received strategic investment from DB Digital Innovation New Technology Fund in 2025, positioning it for global expansion.
Products & Services
Lifree Platform
Lifree is an AI-powered insurance analytics and management platform serving both B2B (insurance companies and planners) and consumer segments. The platform leverages proprietary machine learning models trained on thousands of insurance consultation and policy documents.
Key Features
- Customer consultation automation via AI-driven systems
- Insurance payout prediction using machine learning models
- Coverage gap analysis and recommendations
- Plan optimization based on customer profiles and incident types
- One-click insurance comparison and premium estimation
- Insurance search, verification, and disease information lookup
- Variable insurance management tools
- Customer relationship management integration
Target Users: Insurance Carriers, Insurance Agents, Insurance Planners
B2C Services (In Development)
Planned consumer-facing insurance planning tools to expand from B2B into direct consumer engagement.
Key Features
- Personalized insurance recommendations for individual consumers
- Automated insurance analysis reports
- Digital-first insurance planning and comparison
Target Users: Individual Consumers
At a Glance
- Founded
- 2019
- Headquarters
- Seoul, South Korea
- Employees
- 51-200
- Funding
- Strategic (Series A+)
Category & Focus
- Category
- AI & Analytics
- Subcategories
- Customer Engagement Claims Management Underwriting
- Insurance Verticals
- Life & Health Property & Casualty
- Target Customers
- Carriers, Agents & Brokers
Links
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Last updated: 2026-05-18