underwriting
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The £250 Million Bet on Making Insurance Less Like Email
Verisk bought Sequel for £250 million to digitise the stubbornly human London insurance market. The result is a software suite built to remove rekeying and spreadsheet drift - while leaving judgment to brokers and underwriters.
Chandan Pal Makes a Human Case for Smarter Credit
A computer-science engineer turned marketing chief, Pal has spent a decade translating the machinery of underwriting into a plain-language argument about judgment, access and trust.
The 4,000-Person Insurance Specialist Hiding Behind Your Policy
ValueMomentum spent 25 years learning the unglamorous machinery of property and casualty insurance. Its wager is that knowing where policies, claims and customer letters actually jam is more valuable than being the biggest consultant in the room.
Tyler Van Spanje Built a Career Around the Quiet Machinery of Risk
From cargo paperwork to warehouse liability, the TIMBY founder has spent three decades making obscure risks legible - then turning that expertise into a company built for brokers in a hurry.
The founder teaching insurers to read a house from the sky
He runs an intelligence unit's worth of pattern recognition on the roofs of 160 million buildings. The question that started it was not about roofs at all.
Chi Lee Is Turning Insurance's Messy Middle Into an Information Advantage
After careers in equity research, investing, data science and autonomous vehicles, Chi Lee chose a business built on submissions, judgment and follow-through. At Arqu, he is betting that the wholesale broker of the future wins by making complex risk easier to understand.
The Quiet Business of Making Sure You Actually Own Your House
The Talon Group built a title and escrow operation on a strange promise - that the most important day of your financial life should be completely uneventful.
UFG Insurance
For 80 years, the Cedar Rapids carrier behind the interlocking-U logo has insured contractors, shopkeepers and factories the unglamorous way - one independent agent at a time.
Radian
For nearly 50 years, Radian helped lenders say yes to buyers with less than 20 percent down. Now a $1.67 billion bet on Lloyd's insurer Inigo is turning that familiar mortgage specialist into something broader - and changing which risks it wants to keep.
Shaurya Aggarwal
Shaurya Aggarwal is the founder and CEO of Florin (YC S26), an AI-powered insurance carrier building a 'world model' that underwrites and binds coverage for hard-to-insure frontier industries like robotics, space, advanced energy, and defense in under a minute. Before founding Florin, he built next-generation TPUs at Google and shipped encryption products deployed across more than 100,000 hosts. He holds a BS in Computer Science from Purdue.
Hedge
Hedge is an AI-native specialty insurance wholesaler that sits between retail brokers and specialty carriers, using AI agents to place hard-to-insure businesses faster and cheaper. Founded in 2026 by Luke Button and Luke Rosa and backed by Y Combinator (P26 batch), Hedge automates the manual quoting workflow - reading submissions, selecting markets, completing carrier applications, negotiating quotes, and issuing documents - so brokers get coverage in minutes instead of days.
PropRise
PropRise is a San Francisco AI company (YC S23) building software for institutional commercial real estate teams. Its two live products, Primer and Beacon, automate the Excel-heavy grind of dealmaking: Primer turns offering memos, rent rolls and T-12s into underwriting models with every number cited back to its source, while Beacon scans roughly 450,000 U.S. trade areas to surface self-storage sites that match a firm's buy-box. Founded by ex-Stripe machine-learning and engineering leads, PropRise is used by teams behind $50B+ in CRE, including Bain Capital, Colliers and Public Storage.
Proximitty
Proximitty is the AI operating system for commercial lending. It builds regulator-grade AI agents that chase and ingest borrower documents, spread financials, generate credit memos, monitor covenants, and service loans across their full lifecycle - helping FDIC-insured banks, credit unions, and fintechs underwrite faster and scale their loan books without scaling headcount.
JULO
JULO is an Indonesian fintech company building a digital credit platform that gives emerging and underbanked consumers fast, app-based access to cash loans, paylater, bill payments and installment credit. Founded in 2016 and licensed by Indonesia's Financial Services Authority (OJK), JULO uses machine learning and big data to score creditworthiness in minutes rather than the hours or days a traditional bank takes. By its ninth anniversary in December 2025 the company had disbursed more than USD 1.7 billion in financing to over 3.28 million users across all 38 provinces of Indonesia.
Authentic
Authentic is a New York insurtech building the infrastructure that lets software companies, franchisors, and associations launch their own insurance programs - so-called captives - for the small businesses they already serve. Its 'Captive in a Box' platform handles the parts that normally take years and a team of specialists: underwriting, rate filings, actuarial work, reinsurance, capitalization, regulatory compliance, and claims. Partners such as Mindbody, Restaurant365, PushPress, and theCut can embed tailored coverage for gyms, salons, restaurants, and other Main Street businesses through a single integration, while member businesses can share in the savings when claims run low.
First Access
First Access is a New York-based fintech company that gives lenders in emerging markets a configurable software platform to originate loans and make credit decisions. Founded in 2011, it began by scoring the creditworthiness of people outside the formal financial system using mobile phone and alternative data, then grew into a full loan-origination and decision-engine platform that lets microfinance institutions and small-business lenders digitize operations, launch custom credit applications in roughly two weeks, and automate underwriting while keeping room for human judgment.
Ledgebrook
Ledgebrook is a tech-enabled excess and surplus (E&S) lines managing general agent (MGA) that aims to give wholesale insurance brokers the fastest, easiest quoting experience. Founded in 2021 by former actuary Gage Caligaris, the company pairs a next-generation tech stack - which enriches and prefills broker submissions and speeds rating - with experienced human underwriters to write specialty commercial coverages such as general liability, excess liability, professional liability, allied healthcare, and architects & engineers. Having written its first policy in May 2023, Ledgebrook passed a $100M premium run rate and closed an oversubscribed $65M Series C in June 2025, bringing total funding to roughly $119M.
Nova Credit
Nova Credit is a San Francisco-based credit infrastructure and analytics company that helps lenders extend credit responsibly to people traditional bureaus miss. Founded in 2016 by three Stanford classmates, it operates as a consumer reporting agency built around three products: Credit Passport, which translates a newcomer's international credit history into a U.S.-readable report; Cash Atlas, a cash flow underwriting tool that reads consumer-permissioned bank transaction data; and Income Navigator, which automates income and employment verification. Banks and lenders including American Express, HSBC, Chase, and PayPal use Nova Credit to reach credit-invisible and thin-file consumers.
Percent
Percent is a New York-based fintech company building the technology infrastructure for the private credit market. Its platform digitizes the full lifecycle of private credit transactions - sourcing, structuring, syndication, surveillance and servicing - connecting corporate and asset-based borrowers, underwriters and accredited investors on a single, transparent marketplace. Founded in 2018 (originally as Cadence) by Nelson Chu, Percent has powered roughly $2 billion in transaction volume and offers short-duration, high-yield private credit deals with lower minimums than traditional channels.
Gage Caligaris
Gage Caligaris is the founder and CEO of Ledgebrook, a tech-enabled managing general agent (MGA) modernizing the Excess and Surplus (E&S) specialty insurance market. A Harvard-trained applied mathematician and former Barclays commodity derivatives trader, he spent eight-plus years as an actuary at Liberty Mutual, where he became the fastest person ever to pass the Casualty Actuarial exams and later scaled a new-mobility products line from under $50M to over $450M in gross written premium. He founded Ledgebrook in 2022 to pair modern engineering with deep insurance expertise, reaching a $100M run rate in under two years and raising an oversubscribed $65M Series C in 2025. In 2026 he was named an EY Entrepreneur Of The Year New England Award winner.
Insurity
Insurity is a Hartford, Connecticut-based provider of cloud-based software and analytics for the property and casualty (P&C) insurance industry. Its multi-tenant SaaS platform unifies policy administration, billing, claims, underwriting, and data analytics, and increasingly embeds AI into core insurance operations. Founded in 1985, the company serves carriers, brokers, and managing general agents - including a large share of the top U.S. P&C carriers - and is majority owned by private equity firm GI Partners.
Mario Vitale
Mario Vitale is CEO of Resilience Cyber Insurance Solutions and President of Resilience, a cyber risk company that fuses cybersecurity, insurance and incident recovery into a single offering. A native New Yorker with more than 40 years in insurance, he previously ran Willis North America, Zurich's Global Corporate business and Aspen's global insurance operations before coming out of semi-retirement to help build Resilience alongside military-veteran founders Raj Shah and Vishaal Hariprasad.
GeoX
GeoX is an Israeli-founded geospatial AI company that turns aerial imagery, satellite data and ground-level images into detailed 3D models of individual buildings. Insurers, reinsurers, banks and public agencies use its property database - covering roughly 160 million US properties and expanding across Europe, Japan and Australia - to assess roof condition, elevation and exposure to fires, floods and storms without sending anyone into the field. The company raised a $19M Series A in 2024 (led by Flashpoint), bringing total funding to $23M.
LEEO
LEEO is a commercial auto insurance managing general agent (MGA) that uses telematics, agentic AI, and data science to underwrite, price, and manage risk for fleets. Formerly known as Fairmatic, the company rebranded and relaunched on December 15, 2025 under CEO Jeffrey Chen. It serves brokers and fleet operators - focusing on segments like non-emergency medical transport, light business auto, and last-mile delivery - with fast AI-driven quoting and binding, actionable safety insights, and a telematics-based claims process that can detect crashes and auto-fill incident reports. LEEO is backed by Battery Ventures, Foundation Capital, and Aquiline Technology Growth.
Liberate
Liberate is a San Francisco-based startup building insurance-native AI agents that automate the industry's most operational, phone-heavy work - quoting policies, filing claims, servicing endorsements - across voice, email, SMS, and digital channels. Its voice assistant, Nicole, handles inbound and outbound calls, while reasoning AI agents plug directly into carriers' core systems to complete end-to-end tasks rather than just answer questions. In October 2025 the company raised a $50M Series B led by Battery Ventures at a $300M valuation, after scaling from 10,000 monthly automations to 1.3 million automated resolutions and processing more than $100B in premium volume.
Saris AI
Saris AI builds agentic AI workflow agents that automate the repetitive, high-volume back-office work at banks and credit unions - lending, underwriting, compliance, and operations - without replacing the core systems institutions already run. Founded in 2024 by the ex-Oohlala Mobile team, the Montreal- and San Francisco-based company trains agents on each institution's own workflows to execute multi-step tasks under human supervision. In May 2026 it raised a $28.8M Series A led by 8VC to scale deployments and deepen integrations with partners like Fiserv, MeridianLink, and Encompass.
Stephen Carroll
Stephen (Steve) Carroll is the co-founder and CEO of Findigs, a New York proptech company that turns rental tenant screening into an autonomous leasing decision. A former Wall Street structured-products salesman who then ran ops at the restaurant startup Seated, Carroll built Findigs after a bank quietly stopped mailing his rent checks and nearly got him evicted. The company started as a free consumer rent-payment app validated in NYC bars with Typeform surveys, then pivoted to B2B software. As of 2026 it powers roughly 400,000 rental units, has raised about $80M including a $32M Series C, and pitches operators on cutting evictions by up to 80%.
Geolava
Geolava is a San Francisco startup building a world model for the built world - a spatial intelligence layer that fuses satellite, LiDAR, aerial, street-level and government data into a foundation model you can query in plain language. It lets real estate owners, investors, lenders, insurers and operators analyze, underwrite, monitor and forecast physical assets, turning slow, manual property surveying into predictive property intelligence.
Qumis
Qumis is a Chicago-based insurtech building attorney-trained AI for commercial insurance. Its coverage intelligence platform reads dense property and casualty policies the way a seasoned coverage attorney would - comparing quotes and endorsements, flagging gaps across policy towers, and backing every answer with source-linked citations and transparent reasoning. Founded by a former coverage attorney and a former Goldman Sachs engineering leader, Qumis already serves five of the 15 largest U.S. brokers, along with specialty carriers and insurance law firms, and has raised $6.75M to put a coverage specialist at every desk.
Friendly
Friendly is a San Francisco-based AI company building an infrastructure layer for insurance decisioning. Its platform digitizes complex medical, financial and legal documents, summarizes records, automates underwriting and claims adjudication, and analyzes reinsurance treaties - turning unstructured paperwork into auditable, decision-ready insights for carriers, reinsurers and TPAs.