Company profile: Relay Platform
1.1 - Company Overview
Company description
- Provider of a single-entry, multi-carrier comparative-rating commercial insurance platform enabling brokers to manage deal flow, access digital-first and traditional carriers, secure and compare quotes across all P&C lines via API and email, and create winning proposals. Includes Quote Comparison Table, Smart Customer Proposal, AI tools like Quotie and chat-based cyber underwriting support, and the Relay Risk Academy.
Products and services
- Relay Platform: An API-enabled single-entry comparative-rating system that handles all P&C lines and manages deal flow across digital-first and traditional carriers via instant API and email quoting at any complexity
- Quote Comparison Table: A table-based feature that automatically collects and organizes quotes into a comparison table, while permitting brokers to manually add quotes received outside the platform for consolidated analysis
- Quotie™: An AI-powered component that gathers and augments submission information from emails and applications, accelerating the quoting workflow and enabling rapid, accurate quote comparisons within broker processes
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Relay Platform
RiskMatch
HQ: United States
Website
- Description: Provider of business intelligence and analytics web solutions for insurance intermediaries and underwriting partners, offering an insurance platform that helps brokerages and agencies manage portfolios and information, organize business processes, benchmark rates, and obtain analytics.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Kronos Technologies
HQ: Canada
Website
- Description: Provider of web and mobile applications for the investment and insurance sectors, among the first to develop web apps for financial and insurance professionals, offering innovative, leading-edge products with rapidity, flexibility, and client-tailored business relationships.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Socotra
HQ: United States
Website
- Description: Provider of a modern cloud-based technology platform for technology-driven insurers, built from the ground up using the latest technologies to be transparent, reliable, flexible, and secure, offering an enterprise-grade core system that enables insurers to rapidly develop.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Mitra Solutions
HQ: Switzerland
Website
- Description: Provider of an insurance claim management platform for insurers, offering claim-handling services and domain-specific automation from damage reports to coverage checks and claims calculations, contract analysis and data collection, plus Dynamic FNOL and Automated Cover Check, vendor and order management for insurers, property managers and leasing companies, a Property & Trades Hub, and a Mobility Hub.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Insuritas
HQ: United States
Website
- Description: Provider of embedded, white-labeled insurance agency solutions for banks and credit unions via a cost-effective outsourcing model, enabling agency ownership without major capital investment. Offerings include BUNDLE, a full-service platform providing auto, home, commercial and ancillary insurance; an embedded insurance agency service that installs and operates white-labeled agencies; and Lily, a virtual agent for engagement and automated outreach.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Insuritas company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Relay Platform
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Buyer group 2: ████████ ████████
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Buyer group 3: ████████ ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Relay Platform
2.2 - Growth funds investing in similar companies to Relay Platform
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4 - Top valuation comps for Relay Platform
4.2 - Public trading comparable groups for Relay Platform
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