insurance-core-platform
(3)
Democrance
Democrance is a Dubai-based B2B insurtech that sells insurers a lightweight, cloud-based core platform - Democrance Pulse - which sits on top of legacy systems rather than replacing them. Founded in 2015 by Michele Grosso, Alberto Perez and Dr. Damian Dimmich, the company began by trying to sell low-cost microinsurance to people in emerging markets who had never held a policy, then discovered that the real bottleneck was the insurers' own technology. Today its no-code product configurator, distribution portals, underwriting engine and API library let carriers including AXA, MetLife, AIG, Manulife, Zurich, Tokio Marine and Sukoon launch and administer life, health and P&C products in days rather than months, across 15-plus markets in the Middle East, Africa, Asia and Latin America. The mainstream book cross-subsidises the microinsurance one, which is how a financial-inclusion mission survives contact with a P&L.
Dan Woods
Dan Woods is the Founder and CEO of Socotra, the AI-native cloud-native insurance core platform he built from scratch starting in 2014. A Stanford AI researcher and former Palantir engineer (employee #20), he left the data-intelligence world to fix insurance technology - an industry he describes as 'a decade behind banking.' Under his leadership, Socotra has raised $87M+ in total funding including a $50M Series C led by Insight Partners, and powers carriers and insurtech MGAs who can now launch insurance products in weeks instead of years.
Socotra
Socotra is a cloud-native insurance core platform that gives carriers, MGAs, and InsurTechs a fully configurable system for policy administration, billing, claims, and analytics - so they can launch new products in weeks instead of years, and run them on infrastructure that updates 48 times a year without breaking.