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INSILLION

Cloud-based, low-code and no-code insurance software platform for carriers and MGAs

Core Administration Established Bootstrapped
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Overview

Insillion is a cloud-based, low-code and no-code insurance software platform that enables carriers and Managing General Agents (MGAs) to launch, rate, underwrite, and administer insurance products rapidly. Founded in 2000 and headquartered in Chennai, India, the company has over two decades of experience deploying its solutions at more than 40 insurance carriers across Asia-Pacific, the Middle East and North Africa, and India.

The company's foundational product, XLApp, pioneered the conversion of Excel-based rating models into production-ready APIs. This innovation evolved into a comprehensive low-code platform designed specifically for the insurance industry, eliminating lengthy implementation cycles and enabling carriers to modernize without replacing existing systems.

Insillion is actively expanding into North America, targeting P&C carriers and MGAs seeking to modernize policy administration and underwriting workflows. The platform brings new insurance products to market in weeks rather than months, with a reported USD 1 billion in GWP underwritten across its customer base.

Products & Services

Fast Product Launch

Deploy new insurance products in 4-8 weeks using Excel-based rating tools and low-code configuration. Supports greenfield implementations and modular deployment alongside existing systems.

Key Features

  • Excel-based rating model integration
  • Low-code product configuration
  • Rapid go-to-market in weeks, not months

Target Users: Carriers and MGAs launching new lines or modernizing existing products

Excel to API

Converts existing Excel rate files into production-ready APIs for downstream system integration, allowing carriers to leverage existing models while modernizing their architecture.

Key Features

  • Preserves existing actuarial models
  • Generates REST APIs from spreadsheet logic
  • Reduces rearchitecting risk

Target Users: Carriers with legacy Excel-based rating workflows

Underwriting Suite

Submission intake, automated risk assessment, and underwriting workflow management supporting automated decision-making and compliance tracking.

Key Features

  • Submission intake and triage
  • Automated risk scoring
  • Compliance workflow tracking

Target Users: Commercial P&C carriers and specialty underwriters

InFlow (Workflow Automation)

AI-integrated process automation platform using Intelligent Document Processing (IDP) to extract, validate, and contextualize data from policy documents and submissions. Supports both claims and underwriting workflows.

Key Features

  • Intelligent Document Processing (IDP)
  • Claims and underwriting workflow automation
  • Data extraction and validation from unstructured documents

Target Users: Carriers and MGAs seeking to reduce manual processing

Rating Engine

Low-code configuration for rapid rate changes across all lines of business without development work.

Key Features

  • No-code rate changes
  • Multi-line, multi-geography support
  • Real-time rate updates

Target Users: Actuaries and product teams at carriers and MGAs

Distribution Platform

APIs and portals supporting B2B, embedded, and B2C distribution channels. Includes producer portals and agency management features.

Key Features

  • Producer and agency portals
  • Embedded insurance support
  • B2C digital storefronts

Target Users: Carriers and MGAs managing distribution networks

Parametric Solutions

Event-driven, trigger-based insurance product support for specialized coverage models.

Key Features

  • Event-based trigger configuration
  • Parametric product design tools
  • API-driven payout automation

Target Users: Carriers offering parametric or index-based products

Submission Automation

Automated intake, triage, and enrichment for commercial submissions with support for multiple formats.

Key Features

  • Multi-format submission ingestion
  • Automated triage and routing
  • Data enrichment integrations

Target Users: Commercial lines underwriters and MGAs

At a Glance

Founded
2000
Headquarters
Chennai, India
Employees
201-500
Funding
Bootstrapped

Category & Focus

Category
Core Administration
Subcategories
Policy Administration Underwriting Workbench Rating Engine Workflow Automation
Insurance Verticals
P&C Personal P&C Commercial Life & Annuity Health Specialty/E&S
Target Customers
Carriers, MGAs/MGUs, Brokers

Customers

  • Tata (insurance operations)
  • Chola MS
  • Royal Sundaram
  • ECICS Insurance (Singapore)
  • Bonzah
  • Galaxy Insurance

Links

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Last updated: 2026-06-03