Property and casualty insurers rely on multiple legacy systems and manual underwriting processes, leading to fragmented data, slow quote generation, and frequent drift from strategic risk appetite. This inefficiency hampers the ability to quickly assess submissions, align portfolio exposure, and maintain consistent decision quality. Federato delivers an AI-native platform that unifies the entire policy lifecycle—from submission triage to binding—within a single, cloud‑based system.
Funding
$40M 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.
SGFounders
Product
Problem
Property and casualty insurers rely on multiple legacy systems and manual underwriting processes, leading to fragmented data, slow quote generation, and frequent drift from strategic risk appetite. This inefficiency hampers the ability to quickly assess submissions, align portfolio exposure, and maintain consistent decision quality.
Solution
Federato delivers an AI-native platform that unifies the entire policy lifecycle—from submission triage to binding—within a single, cloud‑based system. The platform uses machine‑learning models and a rule‑based engine to automatically rank and draft quotes, providing transparent explanations for each recommendation. Underwriters can intervene to add nuance while the system continuously updates portfolio‑level metrics, ensuring real‑time alignment with the carrier’s appetite. By consolidating disparate tools into one workflow, the solution reduces quote turnaround time, minimizes strategy drift, and improves operational efficiency across carriers, MGAs, and mutual insurers.
Target Audience
The primary customers are property and casualty carriers, managing general agents (MGAs), MGA aggregators, and mutual insurers seeking to modernize underwriting, improve risk selection, and streamline policy operations.
Features
- AI‑driven triage engine that scores incoming submissions and surfaces high‑value opportunities for underwriters.
- Agentic AI quote generation that produces fully explained, strategy‑compliant quotes in minutes, with configurable guardrails and rule sets.
- Integrated, single‑pane workflow that replaces up to nine legacy systems, providing end‑to‑end data continuity across submission, underwriting, and binding.
- Real‑time portfolio analytics dashboard that visualizes exposure, appetite alignment, and key performance indicators at the program level.
- Auditable decision logs and random quality‑control sampling to ensure compliance and model governance.
- Extensible API layer for seamless integration with existing policy administration, rating, and CRM systems.
- Scalable cloud architecture supporting incremental AI maturity levels—from basic decision support to fully autonomous underwriting.