Korr is a cloud-native insurance management platform that utilizes an API-first approach to streamline claims processing and policy administration for carriers and agents. By enabling rapid product development and seamless integration with existing systems, Korr addresses the inefficiencies of legacy software, allowing insurers to adapt quickly to market changes.
Funding
$4.2M 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
Many insurance carriers and agents still rely on outdated software systems that limit their ability to adapt to market changes and efficiently manage claims and policies. These legacy systems often lack the flexibility and integration capabilities needed to support rapid product development and seamless workflows.
Solution
Korr offers a cloud-native insurance management platform designed to streamline claims processing, optimize policy administration, and accelerate the development of new insurance products. Built with an API-first approach, Korr enables seamless integration with existing systems and facilitates rapid customization through a no-code rules engine. The platform's intuitive interface and robust data schema ensure a user-friendly experience and seamless migration of historical data. By leveraging cloud-native services on AWS, Korr provides a secure, reliable, and scalable solution that empowers insurers to innovate and adapt quickly to evolving market demands.
Target Audience
Korr primarily targets insurance carriers, agents, and third-party administrators (TPAs) seeking to modernize their operations and improve efficiency.
Features
- Cloud-native architecture built on AWS for secure, reliable performance and streamlined management
- API-first design for seamless integration with existing systems and third-party applications
- No-code rules engine for rapid customization and configuration of workflows
- Intuitive, user-friendly interface with system-wide search functionality
- Robust data schema designed to accommodate the unique needs of each insurer
- Streamlined claims processing and policy administration capabilities
- Support for rapid development and launch of new insurance products