Surecore
Cloud-based core insurance platform for Life and General insurance operations
Overview
Surecore is a cloud-based core insurance platform for Life and General insurance carriers. Founded in 2018 and based in Colombo, Sri Lanka, the company positions itself as the only technology firm in Sri Lanka dedicated exclusively to the insurance sector. Its platform serves insurance stakeholders including sales staff, customers, service providers, external organizations, and management.
The platform is delivered as a SaaS suite with integrated web portals and mobile applications. Core capabilities include workflow-oriented policy administration for both Life and General lines, dynamic premium calculation using IoT sensor data, and a Pay-as-You-Use pricing model. The platform runs on AWS cloud infrastructure with a Java/Spring Boot microservices backend and supports containerized deployment via Docker and Kubernetes.
Surecore raised a seed round of USD 125.4K in September 2018 and has grown to approximately 24 employees as of 2026. The company targets insurance carriers and MGAs in Sri Lanka and the broader APAC region that are seeking to modernize core operations. Active hiring across engineering roles in 2026 indicates ongoing platform development and expansion.
Products & Services
Core Insurance Platform
A cloud-native insurance software suite covering all workflows for Life and General insurance operations. Designed to minimize manual processes and improve operational efficiency for insurance companies.
Key Features
- End-to-end policy administration for Life and General lines
- Integrated web portals for sales staff, customers, service providers, and management
- Dedicated mobile applications for each stakeholder group
Target Users: Insurance carriers and MGAs
Dynamic Premium Calculation (IoT Integration)
An IoT-integrated pricing module that pulls sensor data to calculate insurance premiums dynamically in real time, supporting risk-based pricing models.
Key Features
- IoT sensor data ingestion for real-time risk assessment
- Dynamic premium adjustment over policy lifecycle
- Supports telematics and connected-device-driven pricing models
Target Users: Carriers offering usage-based or IoT-linked insurance products
Pay-as-You-Use Subscription
A flexible pricing and onboarding model designed to lower the barrier for smaller or emerging insurance carriers to adopt the platform.
Key Features
- Policy-based subscription with low startup fees
- All-inclusive pricing covering implementation, integration, data migration, and training
- Ongoing support, maintenance, and database backup management included
Target Users: Insurance carriers and MGAs evaluating core system modernization
At a Glance
- Founded
- 2018
- Headquarters
- Colombo, Sri Lanka
- Employees
- 11-50
- Funding
- Seed
Category & Focus
- Category
- Core Administration
- Subcategories
- Policy administration mobile apps IoT-based dynamic pricing
- Insurance Verticals
- Life & Annuity P&C Commercial
- Target Customers
- Carriers, MGAs/MGUs
Customers
- No publicly announced customers identified
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Last updated: 2026-06-06