AI INSURANCE
All-in-one AI-powered insurance management platform for MGAs, program managers, and specialty carriers
Overview
AI Insurance is an all-in-one AI-powered insurance management platform designed for small-to-midsize insurance companies that have historically relied on spreadsheets and manual workflows. The platform targets the estimated USD 238 billion in annual administrative waste across the fragmented specialty and commercial insurance market, where over 10,000 companies collectively spend as much as 60% of revenue on overhead.
Founded in 2018 by Cameron MacArthur (formerly a Cognitive Software Engineer at IBM) and backed by Y Combinator (W19 batch), AI Insurance automates the full insurance operating cycle -- from submission intake and quoting through policy issuance, claims management, billing, and regulatory reporting -- within a single integrated system. The platform positions itself as the operational backbone for MGAs, program managers, fronting carriers, and risk retention groups.
Clients report an average of 111% annual premium growth and teams save 3.2 hours per team member per week. Programs go live in under one month. The company is SOC 2 Type 2 certified and HIPAA compliant.
Products & Services
Core Insurance Management Platform
An all-in-one system covering the complete insurance operations lifecycle for specialty and commercial programs.
Key Features
- Automated submission parsing: AI reads emailed submissions, downloads attachments, extracts data, and builds draft quotes automatically
- Bordereaux parsing: Automated data extraction and validation for ceded and assumed reinsurance data
- Underwriting workbench: Premium calculation and policy quoting tools
- Policy issuance and digital e-signature capabilities
- Claims management supporting 100+ lines of business
- Financial management: Premium collection, claims payment, and financial tracking
- Digital broker and insured portal for self-service access
- API endpoints for custom third-party integrations
Target Users: MGAs, MGUs, program managers, fronting carriers, reinsurers, TPAs, RRGs, small liability carriers (under USD 80M in premium)
Bill Review
AI audits invoices from defense counsel against billing guidelines.
Key Features
- Line-item invoice auditing using machine learning
- Compliance checks against billing guidelines
- Cost management for legal defense spend
Target Users: Claims teams, in-house legal departments
Claims Parsing
AI reads claim documents and performs automated data entry for adjusters.
Key Features
- Document ingestion and data extraction
- Structured claim record creation
- Adjuster workflow support
Target Users: Claims adjusters, claims managers
At a Glance
- Founded
- 2018
- Headquarters
- San Francisco, California
- Employees
- 11-50
- Funding
- Seed (USD 4.95M+)
Category & Focus
- Category
- Insurance Management Software / Policy Administration
- Subcategories
- MGA Platform Underwriting Workbench Claims Management Bordereaux Processing Submissions Automation
- Insurance Verticals
- P&C Specialty Reinsurance Commercial Lines
- Target Customers
- MGAs, MGUs, Program Managers, Fronting Carriers, Reinsurers, TPAs, RRGs, Insurance Agencies, Small Liability Carriers
Customers
- PCH Mutual
- Magnolia Insurance Group
- Westwood Insurance Group
- CLIC
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Last updated: 2026-04-09