Usage-Based Insurance Pricing Platforms sector
Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Usage-Based Insurance Pricing Platforms
1.1 - About Usage-Based Insurance Pricing Platforms sector
Companies in the Usage-Based Insurance Pricing Platforms category deliver telematics-driven software that ingests driving and vehicle data to power personalized premiums and dynamic underwriting for auto insurance. Their solutions enable pay-per-mile and pay-how-you-drive products, continuous risk assessment, and real-time policy adjustments. Customers use these platforms to improve rating accuracy, reduce loss ratios, and launch differentiated UBI offerings that increase engagement and retention.
Vendors typically provide mobile telematics SDKs and OBD-II device integrations, connected-car APIs, driver behavior analytics, and risk scoring engines embedded into rating workflows. They support UBI pricing models and real-time underwriting, usage metering and billing, crash detection with automated FNOL, and fraud analytics tied to claims. Many offer policy administration connectors, consent and privacy controls, and driver coaching apps with gamification to improve safety and lower frequency.
Primary customers include personal auto insurers, commercial auto carriers, and digital MGAs seeking to pilot or scale UBI programs. These platforms deliver measurable outcomes such as more accurate risk selection and pricing, reduced claims severity through crash detection and triage, lower fraud and loss adjustment expenses, and higher policyholder retention driven by personalized offers and engagement. They also help accelerate product launches and ensure data governance compliance.
2. Buyers in the Usage-Based Insurance Pricing Platforms sector
2.1 Top strategic acquirers of Usage-Based Insurance Pricing 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 Usage-Based Insurance Pricing Platforms sector
M&A buyer group 1: Insurance Underwriting and Risk Management
26 companies
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Description: 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.
Verisk
- Type: N/A
- Employees: ●●●●●
- Description: Provider of strategic data analytics, software and scientific research solutions for the global insurance industry, using artificial intelligence, machine learning and vast proprietary data assets to improve underwriting and claims outcomes, combat fraud, manage extreme-event and geopolitical risks, optimise portfolios and strengthen operating efficiency.
- Key Products:
- Expert Data Services: Service that cleanses, validates and models insurer data, enabling superior data quality, performance optimisation and actionable insights for risk assessment and underwriting decisions
- Advanced ILS Modeling: Software that evaluates a broad spectrum of insurance-linked securities, modelling risk on over $80 billion issued limits, supporting structuring, pricing and portfolio management decisions
- Comprehensive Risk Modelling: Catastrophe models covering 120+ countries and 85% of global losses quantify natural and man-made disaster exposure, helping insurers assess, price and manage extreme event risk
- Customised Regulatory Solutions: Consulting service leveraging Verisk models to craft tailored strategies that help insurers meet present and future regulatory requirements while aligning with strategic business goals.
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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 Usage-Based Insurance Pricing Platforms sector
3.1 - Buyout funds in the Usage-Based Insurance Pricing Platforms sector
2.2 - Strategic buyer groups for Usage-Based Insurance Pricing Platforms sector
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4 - Top valuation comps for Usage-Based Insurance Pricing Platforms companies
4.2 - Public trading comparable groups for Usage-Based Insurance Pricing 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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