Insicon

Cloud-based insurance platform for policy administration, underwriting, claims, and billing

Core Administration Growth Acquired

Overview

Insicon is a Swedish insurance software company that develops cloud-based policy administration and insurance lifecycle management systems for carriers, brokers, and MGAs in the Nordic and European markets. The company was founded in 2009 and is headquartered in Stockholm, with development and support operations in Serbia.

The company offers i2i, a SaaS insurance platform covering the full insurance lifecycle: product configuration, underwriting, claims adjudication, billing, payments, and reporting. The platform emphasizes no-code configuration, enabling business users to design insurance products and modify processes without IT involvement. Reporting is delivered through Microsoft Power BI integration, and the platform includes a rules engine for premium calculation and fraud detection capabilities.

Insicon operated independently from 2009 through mid-2025, building a customer base among Nordic insurers and scaling to support growth trajectories including clients that grew from EUR 5M to EUR 100M in GWP over eight years. Knowit AB, a Swedish IT consulting firm, acquired Insicon in June 2025 for 35 MSEK with a conditional earn-out of up to 50 MSEK, integrating it into Knowits Financial Solutions division as the i2i product line.

Products & Services

i2i Insurance Platform

A cloud-based SaaS platform covering the complete insurance lifecycle from product design through claims settlement. Designed for carriers, brokers, and MGAs seeking to replace legacy systems or launch new insurance products with reduced time-to-market.

Key Features

No-code product and process configuration for business users without IT dependency
Underwriting automation via flexible business rules engine for premium calculation
Claims management with workflow automation and adjudication tools
Automated billing, payment plan calculation, and document distribution
Fraud detection using ML and analytics on claims data
Reporting and business analytics via Microsoft Power BI integration
Open API architecture for integration with third-party insurance systems
Embedded insurance support through API-based product distribution

Target Users: Insurance carriers, brokers, MGAs, and insurtech startups replacing legacy policy administration systems

At a Glance

Founded: 2009
Headquarters: Stockholm, Sweden
Employees: 51-200
Funding: Acquired

Category & Focus

Category: Core Administration
Subcategories: Policy Administration Claims Management Billing & Payments Underwriting Automation Fraud Detection
Insurance Verticals: P&C Personal P&C Commercial Specialty/E&S
Target Customers: Carriers, Brokers, MGAs/MGUs