Underwriting Software
Insurance underwriting software (also called insurance underwriting and rating software) helps insurance companies manage and automate underwriting processes. +Show More
| Products | Position | Customer satisfaction | |||
|---|---|---|---|---|---|
Guidewire PolicyCenter |
Leader
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Satisfactory
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Guidewire PolicyCenter was designed to empower property and casualty insurers to meet the needs of a rapidly changing industry with efficient underwriting and agile policy and product management.
Basis for EvaluationWe made these evaluations based on the following parameters; Customer satisfaction
Average rating
Market presence
Company's number of employees
3k-4k employees
Company's social media followers
100k-1m followers
Total funding
$10-50m
# of funding rounds
2
Latest funding date
March 28, 2008
Last funding amount
$1-1m
Company
Type of company
public
Founding year
2001
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BriteCore |
Leader
|
Satisfactory
|
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BriteCore is a cloud-native core insurance platform for P&C insurers that unlocks business growth, delivers greater productivity, and provides a modern customer experience. With the BriteCore Platform, insurers easily administer policies, manage billing and claims, rapidly configure new products, and access detailed reporting and analytics in an all-in-one core system, including agent and policyholder portals. Trusted by over 90 insurers across North America, BriteCore’s policy administration solution enables medium size carriers and MGAs to efficiently manage their insurance operations and effectively compete with the largest providers. For more information, visit www.britecore.com and connect with our team.
Basis for EvaluationWe made these evaluations based on the following parameters; Customer satisfaction
Average rating
Market presence
Number of case studies
5-10 case studies
Company's number of employees
50-100 employees
Company's social media followers
5k-10k followers
Total funding
$50-100m
# of funding rounds
5
Latest funding date
September 14, 2021
Last funding amount
$10-50m
Company
Type of company
private
Founding year
2009
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Oracle Insurance Insbridge Enterprise Rating |
Leader
|
Satisfactory
|
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Provides an adaptive solution for product management, premium calculation, and underwriting rules management, enabling insurers to respond quickly to market changes and manage the policy lifecycle.
Basis for EvaluationWe made these evaluations based on the following parameters; Customer satisfaction
Average rating
Market presence
Company's number of employees
100k-1m employees
Company's social media followers
10m-20m followers
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EZ-RATER |
Leader
|
N/A
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Rating software for property and casualty insurance.
Basis for EvaluationWe made these evaluations based on the following parameters; Customer satisfaction
Average rating
Market presence
Company's social media followers
40-50 followers
Company
Type of company
private
Founding year
1980
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Ratabase |
Leader
|
N/A
|
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Ratabase is an insurance rating and underwriting software. Ratabase's proven functionality, scalability and flexible technology empower carriers to quickly deploy extremely complex rating programs and product segmentation in a fraction of the time and cost of other options.
Basis for EvaluationWe made these evaluations based on the following parameters; Customer satisfaction
Average rating
Market presence
Company's number of employees
40k-50k employees
Company's social media followers
40k-50k followers
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LexisNexis Current Carrier |
Challenger
|
N/A
|
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Automate the coverage verification process
Basis for EvaluationWe made these evaluations based on the following parameters; Customer satisfaction
Average rating
Market presence
Company's number of employees
5k-10k employees
Company's social media followers
50k-100k followers
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ACTICO Platform |
Challenger
|
N/A
|
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ACTICO Platform enables companies quickly generate machine learning models, combine them with business rules and operationalize both for AI-powered automation.
Basis for EvaluationWe made these evaluations based on the following parameters; Customer satisfactionMarket presence
Company's number of employees
100-200 employees
Company's social media followers
4k-5k followers
Company
Type of company
private
Founding year
2015
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iFoundry Rating Engine |
Challenger
|
N/A
|
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iFoundryTMRating Engine is a modern rating engine that helps with modeling and managing proprietary rate plans and ISO rates.
Basis for EvaluationWe made these evaluations based on the following parameters; Customer satisfaction
Average rating
Market presence
Company's number of employees
3k-4k employees
Company's social media followers
50k-100k followers
Company
Type of company
private
Founding year
2000
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Pega Insurance Underwriting |
Challenger
|
N/A
|
|
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Basis for EvaluationWe made these evaluations based on the following parameters; Customer satisfaction
Average rating
Market presence
Company's number of employees
5k-10k employees
Company's social media followers
100k-1m followers
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Instec Underwriting |
Challenger
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N/A
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Cirrus delivers configurable, cloud-based rating that's ready to generate quotes on Day 1.
Basis for EvaluationWe made these evaluations based on the following parameters; Customer satisfaction
Average rating
Market presence
Company's number of employees
100-200 employees
Company's social media followers
3k-4k followers
Company
Type of company
private
Founding year
1982
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“-”: AIMultiple team has not yet verified that vendor provides the specified feature. AIMultiple team focuses on feature verification for top 10 vendors.
Sources
AIMultiple uses these data sources for ranking solutions and awarding badges in underwriting software:
Underwriting Leaders
According to the weighted combination of 4 metrics
What are underwriting
customer satisfaction leaders?
Taking into account the latest metrics outlined below, these are the current underwriting customer satisfaction leaders:
Which underwriting solution provides the most customer satisfaction?
AIMultiple uses product and service reviews from multiple review platforms in determining customer satisfaction.
While deciding a product's level of customer satisfaction, AIMultiple takes into account its number of reviews, how reviewers rate it and the recency of reviews.
- Number of reviews is important because it is easier to get a small number of high ratings than a high number of them.
- Recency is important as products are always evolving.
- Reviews older than 5 years are not taken into consideration
- older than 12 months have reduced impact in average ratings in line with their date of publishing.
What are underwriting
market leaders?
Taking into account the latest metrics outlined below, these are the current underwriting market leaders:
Which one has collected the most reviews?
AIMultiple uses multiple datapoints in identifying market leaders:
- Product line revenue (when available)
- Number of reviews
- Number of case studies
- Number and experience of employees
- Social media presence and engagement
What are the most mature underwriting software?
Which one has the most employees?
Which underwriting companies have the most employees?
3,470 employees work for a typical company in this solution category which is 3,447 more than the number of employees for a typical company in the average solution category.
In most cases, companies need at least 10 employees to serve other businesses with a proven tech product or service. 10 companies with >10 employees are offering underwriting software. Top 3 products are developed by companies with a total of 200k employees. The largest company in this domain is Oracle with more than 100,000 employees. Oracle provides the underwriting solution: Oracle Insurance Insbridge Enterprise Rating
Insights
What are the most common words describing underwriting software?
This data is collected from customer reviews for all underwriting companies. The most positive word describing underwriting software is “Easy to use” that is used in 17% of the reviews. The most negative one is “Difficult” with which is used in 3% of all the underwriting reviews.
What is the average customer size?
According to customer reviews, most common company size for underwriting customers is 1,001+ employees. Customers with 1,001+ employees make up 44% of underwriting customers. For an average Insurtech solution, customers with 1,001+ employees make up 44% of total customers.
Where are underwriting vendors' HQs located?
Trends
What is the level of interest in underwriting software?
This category was searched on average for 0 times per month on search engines in 2024. This number is still 0 in 2025. If we compare with other insurtech solutions, a typical solution was searched 133 times in 2024 and this decreased to 0 in 2025.