Cloud Lobsters is a cloud-native insurtech company that enables MGAs, insurers, brokers, and retailers to digitally distribute and manage insurance products. The company provides a fully integrated Policy Management System for Property & Casualty insurers, built on AI, machine learning, big data, cloud computing, and blockchain. Its platform helps MGAs launch products efficiently, adapt to regulatory changes, and deliver exceptional customer experiences.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional insurance operations rely on legacy systems that are slow to adapt to market changes, regulatory updates, and evolving customer expectations. MGAs, insurers, and retailers lack integrated digital tools to efficiently launch products, manage policies, and embed insurance offerings into existing customer journeys.
Solution
Cloud Lobsters provides a cloud-native, fully integrated Policy Management System designed for Property & Casualty insurers, MGAs, brokers, and retailers. The platform leverages AI, machine learning, big data, cloud computing, and blockchain to digitize insurance product distribution and management. It enables MGAs to respond swiftly to market demands, maintain compliance, and deliver exceptional customer experiences. Retailers and e-commerce businesses can seamlessly integrate insurance offerings into their existing product lines, expanding revenue opportunities without building insurance infrastructure from scratch.
Target Audience
Primary customers are MGAs, Property & Casualty insurers, brokers, and retailers or e-commerce businesses that need to digitally distribute and manage insurance products.
Features
- Cloud-native Policy Management System built specifically for P&C insurance workflows
- AI and machine learning capabilities for automated decision-making and risk assessment
- Big data analytics for real-time insights into portfolio performance and customer behavior
- Blockchain integration for secure, transparent transaction records and policy verification
- Modular architecture supporting rapid product launch and regulatory adaptation for MGAs
- API-ready platform enabling retailers and e-commerce businesses to embed insurance offerings directly into their sales channels