DAIS Technology offers a no-code platform that enables insurance companies to rapidly create, manage, and distribute digital insurance products using customizable workflows and APIs. This solution addresses the lengthy and complex process of product development in the insurance industry, allowing companies to launch new offerings in weeks instead of years.
Funding
$9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Insurance companies face challenges in rapidly developing and deploying new digital insurance products due to complex processes and reliance on legacy systems. Traditional product development cycles can take months or years, hindering their ability to quickly adapt to market changes and customer needs.
Solution
DAIS Technology offers a no-code insurance platform that empowers carriers and MGAs to rapidly design, configure, and distribute digital insurance products. The platform provides a suite of tools to manage the entire policy lifecycle, from initial quoting and binding to renewals and cancellations. With customizable workflows, pre-built APIs, and integration capabilities, the platform enables insurers to launch new products in weeks, connect with distribution partners, and streamline policy administration. The platform includes a product builder, a quoting tool for agents and underwriters, and a self-service portal for policyholders.
Target Audience
The primary target audience includes insurance carriers, managing general agents (MGAs), and brokers looking to digitize their product offerings, accelerate time-to-market, and improve operational efficiency.
Features
- No-code product builder for designing and configuring insurance products
- Customizable workflows to automate policy administration processes
- Pre-built APIs for seamless integration with existing systems and distribution channels
- Digital portals for agents, underwriters, and policyholders
- Automated document generation for quotes, policies, and endorsements
- Integrated payment processing for premium collection and commission calculation
- Data analytics and reporting for monitoring product performance and identifying trends
- Secure platform with SOC2 Type II attested practices