Slice Insurance

Cloud-based AI-powered platform enabling insurers and distribution partners to build and deploy on-demand digital insurance products.

Insurtech Infrastructure Growth Series B-Backed

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Overview

Slice Insurance (formerly Slice Labs) is a cloud-based insurance platform that enables carriers and distribution partners to build and deploy on-demand digital insurance products. The company's Insurance Cloud Services (ICS) platform leverages AI and machine learning to automate quoting, underwriting, and policy management for small to midsize business commercial insurance. Operating across 40+ US states, Slice powers real-time digital insurance experiences for contractors general liability, excess casualty, and specialized commercial lines.

The platform is built on Slice Mind, an AI and ML-powered engine that combines behavioral science with large language models to deliver intelligent underwriting and product design. Slice distributes through major channels including First Connect and other large distribution partners, and is backed by leading global insurers including AXA XL, Munich Re, The Co-operators, Sompo, and Grupo Sura. The company has raised USD 342M across 16 funding rounds and continues to expand its AI capabilities into new verticals including real estate, retail, and environmental risks.

Products & Services

Insurance Cloud Services (ICS) Platform

The core SaaS platform enabling carriers and distribution partners to build intuitive, on-demand digital insurance products. Features real-time quoting automation, behavioral analysis, and LLM-powered decision support for multiple risk classes.

Key Features

Real-time quoting and seamless online binding
AI-powered underwriting automation
Multi-risk class support (GL, excess casualty, real estate, retail, hospitality, manufacturing, environmental)
Behavioral science-informed risk assessment
Integration with carrier and distribution systems

Target Users: Carriers, MGAs, distribution platforms, insurance technology teams

Slice Mind

An AI and ML-powered data-driven engine that powers intelligent product design and underwriting decisions. Enhanced with secure AI tools to streamline mid-market submissions and support complex excess lines and environmental risk assessment.

Key Features

Large language model-powered underwriting support
Behavioral data analysis and risk scoring
Environmental and excess lines underwriting automation
Real-time decision support for mid-market risks

Target Users: Underwriting teams, carriers, risk assessment professionals

Contractors General Liability (GL)

Real-time digital general liability insurance for small business contractors with instant online quoting and binding.

Target Users: Contractors, small business owners, distribution platforms

Excess Casualty

Specialized excess casualty insurance products for mid-market risks, including environmental liability, powered by AI-based underwriting.

Target Users: MGAs, excess lines carriers, specialty insurance teams

At a Glance

Founded: 2015
Headquarters: New York, New York, USA
Employees: 51-200
Funding: Series B-Backed

Category & Focus

Category: Insurtech Infrastructure
Subcategories: Platform as a Service Digital Product Engine Underwriting Automation
Insurance Verticals: P&C Commercial Specialty/E&S
Target Customers: Carriers, Distribution Partners, MGAs