Spear Technologies

Cloud-native P&C core insurance software built on Microsoft Power Platform

Core Administration Growth PE-Backed

Overview

Spear Technologies is a core insurance software provider for P&C carriers, TPAs, risk pools, self-insured groups, public entities, and captive insurers in North America. Originally founded as CHSI Technologies Corporation in 2009, the company merged with Insurium in February 2023 and consolidated under the Spear Technologies brand to offer an end-to-end P&C platform.

The company delivers SpearSuite, a cloud-native, low-code platform built on Microsoft Power Platform and hosted on Azure. The suite covers policy administration, billing, claims management, policyholder and agent portals, and analytics, with native AI capabilities for claims automation and policy workflows. The Connections integration layer provides over 1,000 pre-built connectors to third-party industry systems.

Spear Technologies serves a range of North American insurance organizations with live implementations across regional and national carriers including Virginia Auto Dealers Association, Utah Business Insurance Co., Synergy Comp, and Highview National Insurance. The company is backed by Bow River Capital (SaaS Growth Equity Fund) and received recognition as a Celent Technology Standout in the North American P&C Claims Systems category in 2024.

Products & Services

SpearPolicy

Policy administration and billing platform for P&C carriers and MGAs covering the full policy lifecycle from new business through renewals.

Key Features

Low-code configuration on Microsoft Power Platform
Full policy lifecycle management including endorsements and renewals
Integrated billing with flexible payment plans

Target Users: P&C carriers, MGAs, risk pools

SpearClaims

End-to-end claims management software handling FNOL through closure with workflow automation.

Key Features

Configurable claims workflows and assignment rules
Integrated reserve management and payment processing
Third-party integration with Mitchell and other claims vendors

Target Users: Carriers, TPAs, self-insured entities

SpearPortal

Agent and policyholder self-service portal enabling direct policy management and communications.

Key Features

Agent portal with quoting and policy access
Policyholder portal for payments, claims filing, and document retrieval
Branded and configurable per client

Target Users: Agents, policyholders

SpearCloud

Azure-based cloud hosting and infrastructure services for the Spear platform.

Key Features

Managed cloud infrastructure on Microsoft Azure
SOC 2 Type 2 certified environment
Disaster recovery and business continuity support

Target Users: Carriers and TPAs seeking managed hosting

SpearAI

Predictive, generative, and agentic AI capabilities embedded within the core platform.

Key Features

AI-assisted claims triage and processing
Generative AI for policy document generation
Predictive analytics for underwriting decisions

Target Users: Carriers and TPAs seeking automation within core operations

Connections

Third-party integration platform with over 1,000 pre-built connectors to industry and enterprise systems.

Key Features

Pre-built connectors for Mitchell, Appulate, Ebix, Salesforce, Office 365, and more
Compatibility with Guidewire and Duck Creek platforms
REST-based API architecture

Target Users: Clients requiring data exchange with existing systems

At a Glance

Founded: 2009
Headquarters: Denver, Colorado
Employees: 11-50
Funding: PE-Backed

Category & Focus

Category: Core Administration
Subcategories: Policy Administration Claims Management Billing Policyholder Portals Analytics
Insurance Verticals: P&C Commercial Workers Compensation Specialty/E&S
Target Customers: Carriers, TPAs, MGAs/MGUs