IRIS SOFTWARE INC

Trusted technology engineering partner helping insurance enterprises modernize, automate, and transform operations.

Insurtech Infrastructure Established Bootstrapped

Overview

IRIS Software Inc. is a technology services and digital transformation company that has served as a trusted software engineering partner to Fortune 500 companies for nearly three decades. Founded in 1996 by Sanjiv Khanna, Sunil Puri, and Anil Apte, the company is headquartered in Edison, New Jersey and specializes in building core, complex, and mission-critical applications for leading enterprises.

In the insurance sector, IRIS helps carriers modernize legacy operations and improve customer experience through AI-powered solutions, Robotic Process Automation (RPA), and cloud-native re-platforming. The company serves insurance carriers across P&C, Life and Annuities, Health, Travel, and Transportation segments with a focus on deep technical execution and long-term client partnerships.

As a bootstrapped, founder-led firm, IRIS has grown organically over 28 years by delivering measurable outcomes in operational efficiency, cost reduction, and digital readiness for some of the industry largest carriers.

Products & Services

Digital Transformation Services

Re-platforming, re-factoring, and cloud-native re-writing of legacy insurance systems to modernize technology stacks and improve operational efficiency.

Key Features

Legacy system migration and modernization
Cloud-native application development (AWS, Azure, GCP)
Microservices architecture implementation

Target Users: Insurance carriers with legacy core systems

AI and RPA Solutions

Intelligent automation leveraging Robotic Process Automation for high-volume transactional insurance processes.

Key Features

Customer onboarding and KYC automation
Claims processing automation
Policy administration workflow automation

Target Users: Carriers seeking to reduce manual processing costs

Conversational Automation

Virtual assistants and conversational AI with cognitive extensions for insurance workflows.

Key Features

Speech-to-text conversion
Contextual analysis and natural language understanding
Document extraction and processing

Target Users: Carriers improving agent and customer-facing interactions

Workflow Orchestration

Complex insurance operations workflow management integrating core insurance platforms with internal and external systems.

Key Features

Integration with Guidewire, Duck Creek, Salesforce, and other core platforms
End-to-end workflow design and implementation
Managed services and ongoing support

Target Users: Carriers with complex multi-system environments

IT Modernization and Consulting

Core system upgrades, test automation, digital content management, and technology advisory services.

Key Features

Technology stack modernization
Test automation frameworks
Digital content management

Target Users: Insurance enterprise IT and operations teams

At a Glance

Founded: 1996
Headquarters: Edison, New Jersey, USA
Employees: 201-500
Funding: Bootstrapped

Category & Focus

Category: Insurtech Infrastructure
Subcategories: Digital Transformation Services AI and RPA Automation Cloud Migration
Insurance Verticals: P&C Commercial Life & Annuity Health Specialty/E&S
Target Customers: Carriers