InsurTech Underwriting and Risk Platforms sector
Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for InsurTech Underwriting and Risk Platforms
1.1 - About InsurTech Underwriting and Risk Platforms sector
Companies in the InsurTech Underwriting and Risk Platforms category build software that automates risk assessment, pricing, and decisioning for P&C, life, and health lines. They aggregate internal and third‑party data, apply predictive modeling, and orchestrate underwriting workflows to accelerate quote‑to‑bind while improving risk selection. Buyers use these platforms to standardize underwriting rules, enhance portfolio visibility, and reduce loss ratios through data‑driven evaluations.
Offerings typically span automated underwriting engines with configurable rules, predictive risk scoring and pricing/rating engines, and data enrichment APIs ingesting credit, telematics, geospatial, and property data. Vendors add catastrophe and exposure modeling, fraud detection, and workflow orchestration for straight‑through underwriting, plus portfolio analytics and reinsurance optimization. API connectors into policy administration, CRM, and agent portals embed decisioning at quote and bind, a common profile for strategic buyers in underwriting analytics.
Primary customers include P&C carriers, life and health insurers, MGAs, and reinsurers. These solutions deliver shorter time‑to‑quote, higher straight‑through rates, improved pricing accuracy, and tighter risk governance. Buyers also gain clearer portfolio exposure views, reduced underwriting leakage and fraud, and audit‑ready compliance across jurisdictions, enabling more consistent decisions across lines while lowering acquisition costs and improving combined ratios.
2. Buyers in the InsurTech Underwriting and Risk Platforms sector
2.1 Top strategic acquirers of InsurTech Underwriting and Risk Platforms companies
Coalition
HQ: United States
Website
- Description: Provider of active cyber insurance and integrated cybersecurity solutions, offering policies bundled with Coalition Control® for attack surface monitoring, personalized risk assessments, security alerts, integrations and expert guidance, plus paid services such as 24/7 managed detection & response, security awareness training, third-party risk management and other advisory engagements to help organizations prevent, detect and respond to cyber threats.
- Key Products:
- Active Insurance: Combines cyber insurance coverage with embedded cybersecurity tools to prevent digital risk and help businesses manage and mitigate cyber attacks before they occur, serving multiple international markets
- Coalition Control: A holistic cyber risk management platform delivering automated cyber alerts, expert guidance and third-party risk management to help companies identify, monitor and reduce vulnerabilities
- Coalition Security: Suite of cyber tools and services built and managed by cybersecurity experts to protect small businesses against an expanding universe of cyber threats
- Active Cyber Policy: Enhanced U.S. cyber insurance policy offering Vanishing Retention for resolved vulnerabilities, reduced Funds Transfer Fraud retention for early incident reporting and unlimited reinstatements within a policy period.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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2.2 - Strategic buyer groups for InsurTech Underwriting and Risk Platforms sector
M&A buyer group 1: Insurance Risk Management Platforms
4 companies
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Description: Companies in the Enterprise Insurance Risk Compliance Platforms category provide software that quantifies, monitors, and reports insurance risk across underwriting, reserving, and capital. They integrate actuarial and operational data, automate regulatory submissions, and enforce model governance and audit trails. The value is meeting solvency and ORSA requirements more efficiently while improving risk decisioning through standardized workflows, robust analytics, and defensible documentation for regulators and internal audit.
Origami Risk
- Type: N/A
- Employees: ●●●●●
- Description: Provider of a cloud-based risk management platform delivering integrated solutions for provider performance, environmental health & safety, safety risk assessments, insurance claims, and industry-specific risk administration, enabling organizations to centralize data, automate workflows, and gain real-time insights that improve compliance, safety, accountability, and operational efficiency.
- Key Products:
- Provider Performance: Manages provider evaluations, peer reviews, and performance monitoring while integrating incident reporting to deliver a holistic view that drives accountability and improves patient safety
- EHS Solution Suite: Cloud-based tools that centralize EHS data, automate workflows, and give real-time insights to streamline compliance, enhance safety outcomes, and support continuous improvement
- Safety Risk Assessment: Systematic, centralized approach that evaluates workplace hazards and prioritizes resources to prevent incidents and injuries, keeping workers safe
- Fast-Track Claims Platform: Pre-configured, ready-to-deploy claims system with out-of-the-box modules that manage the entire claims lifecycle efficiently, reducing costs and accelerating speed-to-market for growing insurers.
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●● companies
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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████
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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in InsurTech Underwriting and Risk Platforms sector
3.1 - Buyout funds in the InsurTech Underwriting and Risk Platforms sector
2.2 - Strategic buyer groups for InsurTech Underwriting and Risk Platforms sector
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4 - Top valuation comps for InsurTech Underwriting and Risk Platforms companies
4.2 - Public trading comparable groups for InsurTech Underwriting and Risk Platforms sector
Valuation benchmark group 1: Financial Services Operations Software Providers
5 companies
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Description: Companies in this public trading comparables group are software providers delivering core operational platforms to financial institutions, particularly insurers, asset managers, and brokerages. Offerings span policy, claims, and billing systems; investment accounting; portfolio management; trading; and compliance. They are grouped as valuation benchmarks because they sell mission-critical, cloud and on-prem solutions with recurring revenue models, long-term contracts, high retention, and integration into regulated financial workflows.
Guidewire Software
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of core systems software for property and casualty (P&C) insurers, offering integrated solutions to manage insurance policy, billing, and claims operations, enabling insurers to innovate, engage customers, and enhance operational efficiency through cloud-based services, analytics, and AI applications.
- Key Products:
- Guidewire InsuranceSuite Cloud: Integrated cloud-based solution for managing policy, billing, and claims operations
- Guidewire PolicyCenter: Underwriting and policy administration system
- Guidewire BillingCenter: Comprehensive billing management system
- Guidewire ClaimCenter: Claims management solution
- Guidewire Analytics: Data analytics and AI-driven insights for insurance operations.
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Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
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