Research

Summary

Choosing the right vendor to support your insurance business administration needs can be overwhelming. It first requires identifying the gaps in your current process, weighing the benefits of working with an external technology provider against building what you need in house, and getting key internal stakeholders on board. You then need to answer perhaps the most daunting question of all: “Which vendor should I work with?”

While you may suspect a simple google search to reveal a robust list of vendor options, you’ll quickly notice the diversity in the ways companies describe their offerings. Some vendors refer to themselves as complete Policy Administration Systems, while others prefer to avoid this more conventional label and the traditional stigmas associated in favor of phrases like “digital insurance platform” or “insurance software solutions”. Adding to this complexity, each vendor solves a specific set of insurance business problems and no two vendors are identical. Even when vendors tackle similar problems, they do so in unique ways that require their own pro/con analysis.

Recognizing the complexity and time-consuming nature of vendor selection, Finsure launched a large-scale research initiative designed to help you better understand the value of each vendor and quickly direct you towards the insurance technology solution that will best meet your business objectives. Every vendor overview was developed based on a robust questionnaire completed by every vendor, a demo of the vendor’s offerings, and additional online, independent research. You’ll find that each vendor description is concise and that all follow the same format, empowering you to efficiently compare and contrast companies to determine the best option for you. We’ve even included a list of foundational considerations that are vendor agnostic to support you in identifying the most important platform functionality for your business. They apply whether you are buying a policy software platform, building one, or a bit of both!

Click through our list of vendor “players” to learn more about these exciting vendor options, and don’t hesitate to reach out to the Finsure team directly if you want more information.

Players

  • Boost

    Infrastructure for digital insurance

  • Dais

    The only no-code platform purpose-built for insurance

  • Insly

    Design & deliver insurance products

  • INSTANDA

    Cloud native insurance solution for Carriers & MGAs to build products with agility

  • InsureMO

    The World's #1 Insurance Infrastructure Platform

  • Placeholder

    Build, distribute, and grow your digital insurance products

  • Policyfly

    Fast, Beautiful, Modern.

  • Socotra

    From the largest insurers to the newest insurtechs, innovators choose Socotra

  • Solartis

    Adaptive solutions for policy administration challenges.

Foundational Considerations