EvoSure
Commercial insurance marketplace technology connecting brokers and underwriters for specialty and surplus lines -- acquired by Applied Systems in 2015.
Overview
EvoSure was a commercial insurance technology company founded in 2012 by Matt Foran (CEO) and Brian Wood (COO) in Austin, Texas. The company built RiskPlace, an online marketplace connecting commercial insurance brokers and underwriters for specialty and surplus lines transactions. The platform used algorithm-driven risk appetite matching to help brokers efficiently find the right underwriting markets for hard-to-place risks.
EvoSure was acquired by Applied Systems (through its IVANS division) in September 2015, with the integration completing in 2016. Its core technology was absorbed into IVANS Market Appetite, a search engine and matching platform for P&C agents and brokers to identify carriers appetite for commercial risks within the broader Applied Systems ecosystem.
The company was a recognized innovator in the commercial insurance space, having been selected as a finalist for the SXSW Accelerator Competition in 2014. EvoSure no longer operates as an independent company; its marketplace matching technology continues to serve the commercial insurance industry through IVANS Insurance Solutions.
Products & Services
RiskPlace
An online marketplace connecting commercial insurance brokers and underwriters for specialty and surplus lines risks. RiskPlace was the first and largest online network of its kind, enabling more efficient specialty and surplus lines transactions through algorithm-driven market matching.
Key Features
- Market Search: Enabled brokers to find the right underwriting markets for hard-to-place risks
- Risk Appetite Matching: Algorithm-driven matching of broker submissions to underwriter risk appetite
- Submission Routing: Automated routing of submissions to appropriate markets
- Online Network: Connected surplus lines brokers and wholesalers with commercial underwriters
Target Users: Commercial insurance brokers, surplus lines brokers, wholesale brokers, commercial underwriters
IVANS Market Appetite (Post-Acquisition)
The successor product following the Applied Systems acquisition, which maintained the core RiskPlace functionality of matching brokers to underwriters based on risk appetite, now integrated within the broader IVANS Insurance Solutions platform.
Target Users: P&C agents, brokers, and commercial underwriters within the Applied Systems ecosystem
At a Glance
- Founded
- 2012
- Headquarters
- Austin, Texas, USA
- Employees
- 11-50
- Funding
- Acquired
Category & Focus
- Category
- Distribution & Sales
- Subcategories
- Commercial Insurance Marketplace Wholesale Technology Risk Appetite Matching
- Insurance Verticals
- P&C Commercial Specialty/E&S
- Target Customers
- Brokers, MGAs/MGUs, Carriers
Customers
- Commercial insurance brokers and wholesalers
- Surplus lines brokers
- Commercial underwriters
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Last updated: 2026-05-12