COMPASS
Cloud-based analytics and policy administration software for P&C insurers and carriers
Overview
COMPASS is a cloud-based business intelligence and analytics platform for property and casualty insurers, carriers, and program administrators. Developed by Insurance Data Processing (IDP), a P&C-focused technology firm with roots dating to 1949, COMPASS aggregates agency, policy, premium, claim, and quote data into dashboards and reports that help clients monitor performance and profitability.
The platform provides data visualization, customized reporting, alerting, and data management capabilities delivered as a SaaS solution. IDP also offers InsuraSphere, a comprehensive policy administration suite covering quotes, policies, and claims, along with bureau reporting services spanning all major U.S. bureaus and lines of business.
In February 2025, Martin & Company, a tech-enabled insurance solutions provider, acquired IDP's bureau reporting operations and the COMPASS software product as part of its strategic expansion into reporting and business intelligence tools. The combined offering serves insurers and residual market plans across the United States.
Products & Services
COMPASS Platform
A cloud-based business intelligence and analytics platform that aggregates insurance data across agencies, policies, premiums, claims, and quotes to surface performance and profitability insights.
Key Features
- Interactive dashboards and data visualizations
- Customized report generation and automated alerts
- Full-featured data management and aggregation capabilities
Target Users: Insurers, carriers, and program administrators seeking performance monitoring
InsuraSphere
A policy administration suite that consolidates quotes, policies, claims, and related insurance transactions in a single platform with integrations to third-party tools.
Key Features
- End-to-end policy lifecycle management
- Claims and quote handling in one system
- Third-party platform integrations
Target Users: P&C carriers and program administrators
Bureau Reporting Services
Comprehensive regulatory reporting to all major insurance bureaus across all lines of business in every U.S. state.
Key Features
- Coverage across all major U.S. bureaus
- Multi-line reporting capabilities
- Streamlined processes to reduce operational overhead
Target Users: Carriers and residual market plans with state bureau reporting obligations
At a Glance
- Founded
- 1994
- Headquarters
- Wyncote, Pennsylvania
- Employees
- 51-200
- Funding
- Acquired
Category & Focus
- Category
- Data & Analytics
- Subcategories
- Business Intelligence Policy Administration Regulatory Reporting
- Insurance Verticals
- P&C Personal P&C Commercial Specialty/E&S
- Target Customers
- Carriers, MGAs/MGUs
Customers
- Insurers and carriers (specific names not publicly disclosed)
- Program administrators
- Residual market plans
Similar Companies
-
RRecordLinkerML-powered record linkage and data normalization for insurance AMS migrations
-
RRapidSOSEmergency response data platform connecting devices, apps, and sensors to 911 centers and first responders
-
ProformexThe leading inforce management platform for life insurance and annuity data aggregation, analytics, and portfolio monitoring. -
QQuantiphiAI-first digital engineering for insurance transformation
-
Praedicat, Inc.Casualty catastrophe modeling and emerging liability risk analytics for insurers and reinsurers. -
PPlanet WatchersRemote sensing platform for crop insurance data capture and claims validation
Last updated: 2026-06-05