# Torus Innovations

> AI\-enabled low\-code platform with a dedicated Insurance Smart Claims Engine for insurance providers

## At a glance

| Field | Value |
| --- | --- |
| Category | Insurtech Infrastructure |
| Type | Solutions Provider |
| Region | APAC |
| Headquarters | Chennai, Tamil Nadu, India |
| Founded | 2016 |
| Stage | Growth |
| Employees | 51-200 |
| Funding | Bootstrapped |

## Overview

Torus Innovations is an insurtech infrastructure provider offering an AI-enabled, event-driven low-code application development platform. The company serves insurance carriers and enterprise clients in APAC, EMEA, and North America, with insurance as a named vertical alongside banking and fintech. Founded in 2016 and headquartered in Chennai, Tamil Nadu, India, the company positions itself as a rapid application development vendor for both citizen developers and professional developers.

The platform follows a model-driven approach with Data Fabric, API Fabric, and UI Fabric layers, supporting web and mobile application development, IoT integration, analytics, DevOps automation, and event-driven microservices. The company reports 40-50% reductions in development time and effort compared to traditional approaches. Torus is listed on Gartner Peer Insights as an enterprise high-productivity application PaaS provider.

The insurance-specific offering centers on the Insurance Smart Claims Engine, a modular solution for claims automation and fraud minimization. Additional vertical products include an Open Banking System, Payment Hub, and MT-MX solutions for messaging format interoperability. No external funding rounds have been identified; the company appears to be bootstrapped.

## Products & services

### Torus Low\-Code Platform

An AI-enabled, event-driven platform for building, extending, integrating, and deploying cloud-based enterprise applications. The platform provides no vendor lock-in and delivers open source code availability.

**Key features:**

- Data Fabric, API Fabric, and UI Fabric layers for full\-stack development
- Event\-driven microservices architecture with in\-memory processing
- IoT integration and integrated analytics
- DevOps and deployment automation

*Target users:* Carriers, enterprise IT teams, citizen developers, professional developers

### Insurance Smart Claims Engine

A modular, customizable solution designed for insurance providers to automate claims processing and minimize fraud.

**Key features:**

- Claims processing automation
- Fraud minimization capabilities
- Modular and customizable architecture

*Target users:* Insurance carriers

### Open Banking System

API-first solution for building open banking applications using event-driven capabilities and microservices design.

**Key features:**

- API\-first architecture
- Event\-driven microservices
- Integration with banking data sources

*Target users:* Banks, fintech companies, insurance carriers with banking integrations

### Payment Hub

Multi-tenant, multi-currency transaction processing engine for payment processing.

**Key features:**

- Multi\-tenant architecture
- Multi\-currency support
- Transaction processing and reconciliation

*Target users:* Financial institutions, insurers

### MT\-MX Solutions

Solutions for payment message format interoperability and conversion between messaging standards.

**Key features:**

- Message format conversion
- Interoperability between messaging standards

*Target users:* Financial institutions

## Category & focus

- Subcategories: Low\-Code Platform, Claims Automation, Application Development
- Insurance verticals: P&C Commercial, P&C Personal, Specialty/E&S
- Target customers: Carriers

## Links

- Website: <https://toruslowcode.com>
- Directory profile: <https://insurtechlist.com/companies/torus-innovations/>
- Linkedin: <https://in.linkedin.com/company/torus-innovations-pvt-ltd/>
- Gartner peer insights: <https://www.gartner.com/reviews/market/enterprise-high-productivity-application-paas/vendor/torus-innovations/product/torus-low-code-app-dev-and-devops-platform>

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*Last updated: 2026\-05\-18*