We’re thrilled to announce our $7M Seed round led by Bain Capital Ventures, with support from YCombinator, Viewpoint, Susa Ventures, and our amazing angel investors.
Our advanced AI-powered platform for specialty insurers is now live. Capable of capturing submissions from any source, underwriting complex scenarios and automating the full policy lifecycle. We’re off to a strong start, having already processed over $1B in specialty premium.
Our vision for PolicyFly and the future of Specialty? Every Submission. PolicyFly replaces the need of having many different systems with one unified engine to process and manage every submission.
From email to renewals, PolicyFly is the core solution to grow and scale specialty and E&S products. Our platform combines rapid customer configurability with enterprise-grade core insurance functionality.
Here’s how:
- Capture
Digitize every submission from any source – email, API or our agent-first portal. Integrate magically with distribution partners while delivering best in class “ease of doing business” to capture all potential business - Underwrite
Combine real-time data with flexible controls to underwrite every submission; including tailored coverages, deductibles, perils, etc… All while providing your partners with the ability to build their own policy and bind within minutes - Manage
Easily process complex endorsements/MTAs, including out-of-sequence, while maintaining full traceability to ensure every policy is managed efficiently from inception through renewal - Automate
Turn on straight-through processing of new business and/or endorsements with our powerful rules and rating configuration framework. Realize true growth and efficiency while focusing on relationships by automatically issuing documents, certificates, endorsements, tasks and bordereau reports - Measure
Keep tabs on submission queues, success rates, aggregates and marry your claims data to view risk performance across your portfolio, and get powerful reporting and insights to drive your business - Integrate
Leverage third-party data in your decision-making while easily integrating PolicyFly’s data into your downstream or partner systems
This is PolicyFly.
The growth platform for specialty insurers.
Want to learn more or get a demo? Please reach out!