Soteris

Machine learning software for P&C insurance underwriting and pricing

Underwriting & Risk Growth Seed

Overview

Soteris is a machine learning software company serving P&C insurers and managing general agents with automated underwriting and pricing tools for auto insurance. The company focuses on policy-level risk scoring, enabling carriers and MGAs to more accurately select and price individual risks at point of sale.

The platform delivers API-first predictive scoring that integrates with existing rating, quoting, and policy administration systems -- including both modern and legacy environments. Core offerings span underwriting decisioning, portfolio analytics, E&S pricing, and claims reserving support, all built on proprietary ML models trained on insurance-specific data.

Founded in 2018 by Sunit Shah, a pricing expert with a background in life insurance modeling and P&C portfolio management, Soteris raised USD 8.2M across two funding rounds including a Y Combinator pre-seed in 2019 and a USD 8M venture round in 2025. The company serves clients targeting loss ratio improvement and profitable volume growth.

Products & Services

AI Underwriting & Sales Decision

Policy-level decisioning tools that score submissions at point of sale, integrating into underwriting and pricing workflows across modern and legacy policy administration systems.

Key Features

Real-time predictive scoring in under one second
API-first architecture for rating, quoting, and policy admin integration
Supports both modern and legacy system deployment

Target Users: P&C carriers and MGAs

AI Actuary Copilot

Portfolio intelligence platform providing real-time analytics for proactive portfolio management, helping underwriters and actuaries monitor and manage aggregate risk exposure.

Key Features

Portfolio-level risk monitoring
Proactive management alerts
Data visualization for actuarial analysis

Target Users: Actuaries, underwriting managers, portfolio managers

E&S Pricing Engine

Real-time surplus lines pricing tools for specialty and excess and surplus markets, enabling rapid pricing on hard-to-place risks.

Key Features

Real-time E&S risk pricing
Specialty market focus
Integrates with existing E&S workflows

Target Users: E&S carriers and MGAs

Claims & Reserving Integrity

Claims system integration tooling that applies underwriting intelligence to claims management and loss reserving processes.

Key Features

Underwriting-informed reserving
Claims system integration
Loss ratio improvement analytics

Target Users: Claims teams, actuaries

At a Glance

Founded: 2018
Headquarters: Glen Allen, Virginia, USA
Employees: 1-10
Funding: Seed

Category & Focus

Category: Underwriting & Risk
Subcategories: Automated Underwriting Risk Scoring Predictive Pricing Portfolio Analytics
Insurance Verticals: P&C Personal P&C Commercial Specialty/E&S
Target Customers: Carriers, MGAs/MGUs