ZA Tech

Cloud-native insurance core and distribution platform for life, health, and P&C insurers

Core Administration Growth Series A

Overview

ZA Tech (operating as Peak3 since June 2024) is a cloud-native insurance core and distribution platform serving carriers, MGAs, and brokers across life, health, and property and casualty segments. Founded in Singapore in 2018, the company provides modular SaaS solutions for policy administration, billing, claims management, and digital distribution, with embedded artificial intelligence capabilities throughout its platform.

The company offers two primary products: Graphene, a modular core administration platform for policy, billing, and claims workflows, and Fusion, an orchestration layer that enables embedded insurance distribution across digital channels and partner ecosystems. The platform is designed for global deployment and supports commercial lines, group health, and personal lines in addition to life and health products.

Peak3 supports more than two billion policies issued through more than 50 insurance partners across more than 20 countries. Notable clients include AIA, Generali, Prudential, and Zurich. The company raised a USD 35 million Series A round in June 2024 co-led by EQT and Alpha JWC Ventures, with J.P. Morgan serving as financial advisor.

Products & Services

Graphene

A modular, cloud-native core platform for policy administration, billing, and claims management. Version 3 includes native AI capabilities including AI agent orchestration, FNOL chatbots, fraud detection, and waste and abuse detection. Supports life, health, and P&C insurance segments, including commercial lines and group health products.

Key Features

Modular architecture for policy, billing, and claims administration
Built-in AI for FNOL automation, fraud detection, and operational efficiency
Support for commercial lines, group health, and personal lines

Target Users: Carriers, MGAs, Brokers

Fusion

An orchestration platform enabling insurers to embed insurance products into digital platforms and third-party ecosystems. Supports partnerships with digital platforms such as ride-sharing, travel booking, and financial services applications.

Key Features

Embedded insurance distribution across digital and traditional channels
Partner ecosystem integration for lifestyle and platform-based insurance
Accumulator insurance propositions for dynamic, personalized coverage

Target Users: Carriers, Digital Platform Partners

Agentic AI

Native and embedded artificial intelligence solutions for document processing, fraud management, and customer engagement. Includes accumulator insurance capabilities that adjust coverage based on lifestyle events such as payment transactions or fitness activity.

Key Features

Document processing and AI-driven workflow automation
Fraud detection and waste and abuse management
Personalized accumulator insurance propositions

Target Users: Carriers, MGAs

At a Glance

Founded: 2018
Headquarters: Singapore
Employees: 51-200
Funding: Series A

Category & Focus

Category: Core Administration
Subcategories: Policy Administration Claims Technology Distribution & Sales Insurtech Infrastructure
Insurance Verticals: Life & Annuity P&C Personal P&C Commercial Health Group Benefits
Target Customers: Carriers, MGAs/MGUs, Brokers