Vellum Insurance
AI-native data infrastructure for insurance and reinsurance operations
Overview
Vellum Insurance is a data infrastructure and analytics platform for carriers, MGAs, reinsurers, and brokers, focused on automating the ingestion, validation, and aggregation of insurance partner data. The company targets the persistent reliance on manual, spreadsheet-driven bordereaux workflows across the P&C and reinsurance sectors. It was founded in 2022 by Julianna Muir, John Cappiello, and Paul Toomath, and exited stealth in October 2023.
The platform centralizes bordereaux management and layered portfolio analytics in a SaaS delivery model. It handles any file format, applies configurable data quality rules across premium, claims, risk, and payment bordereaux, and outputs analytics-ready, standardized data queryable via SQL or compatible with any BI tool. In May 2026, the company launched Val M., an AI operations agent for real-time monitoring and automation of incoming partner data workflows.
Vellum raised a USD 7M seed round in October 2023, led by Acrew Capital with participation from Flourish Ventures, Fin Capital, Vera Equity, 1 Sharpe Ventures, and Endurance. At the time of the seed round, the company had signed carriers and reinsurers across the United States and the Cayman Islands.
Products & Services
Bordereaux Management
Centralized platform for ingesting, validating, and analyzing bordereaux files from insurance partners. Accepts files in any format and automates header standardization and column mapping. Applies configurable quality checks across premium, claims, risk exposure, payment, facultative, reinsurance, IBNR, and TPA fee bordereaux types. Tracks data receipt and sends automated alerts for late or missing files.
Key Features
- Template-agnostic ingestion supporting any file format
- Hundreds of configurable quality validation rules
- Coverage across premium, claims, risk, and payment bordereaux types
- Automated receipt tracking and missing-data alerts
Target Users: Carriers, reinsurers, MGAs, TPAs, brokers, aggregators, and coverholders
Standard Data Models
Normalizes raw partner data into unified, standardized schemas to produce a single source of truth across disparate sources. Eliminates manual PDF-to-Excel reconciliation and maintains an audit-ready, searchable repository of all partner data.
Key Features
- Unified schema normalization across partner data sources
- Audit-ready, searchable data repository
- Replaces manual spreadsheet-based reconciliation processes
Target Users: Operations, actuarial, finance, and compliance teams
Portfolio Intelligence Suite
Real-time analytics and reporting layer built on top of standardized bordereaux data. Tracks loss ratios, premium trends, accumulations, and data quality metrics. Includes preconfigured reports for premium, claims, and actuarial use cases, including loss triangles and earned premium calculations supporting multiple earning patterns.
Key Features
- Real-time loss ratio, premium trend, and accumulation monitoring
- Preconfigured actuarial reports including loss triangles and earned premium
- Customizable alerts for large losses and guideline breaches
- Self-service SQL access to analytics-ready data, compatible with any BI tool
Target Users: Underwriting, actuarial, operations, finance, claims, and compliance teams
Val M. -- AI Operations Agent
Launched May 2026. An AI agent built to automate the monitoring, validation, and response to incoming partner data. Replaces reactive manual processes with real-time operational intelligence. The first product in a planned suite of AI agents targeting underwriting, claims, finance, and portfolio management functions.
Key Features
- Real-time monitoring and automated response to partner data inflows
- Eliminates manual ingestion and management of complex partner files
- Designed for MGAs, carriers, brokers, and reinsurers
Target Users: Operations teams at MGAs, carriers, brokers, and reinsurers
At a Glance
- Founded
- 2022
- Headquarters
- New York, NY, USA
- Employees
- 11-50
- Funding
- Seed
Category & Focus
- Category
- Data & Analytics
- Subcategories
- Bordereaux Management Portfolio Analytics Data Infrastructure AI Operations
- Insurance Verticals
- P&C Commercial Specialty/E&S Reinsurance
- Target Customers
- Carriers, MGAs/MGUs, Reinsurers, Brokers, TPAs
Customers
- Unnamed carriers and reinsurers in the United States and Cayman Islands (as of October 2023 seed round announcement)
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Last updated: 2026-06-19