House of Insurtech provides an API-based digital insurance platform that includes Insurforce, a cloud-based quote and buy system, and QUBAPI, a standalone rating engine. These solutions streamline the insurance purchasing process and enhance customer experience by allowing businesses to customize user interactions without reliance on traditional rating engines.
Funding
$580K 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 providers often struggle with inflexible legacy systems that limit their ability to quickly adapt to changing market conditions and customer expectations. Traditional rating engines can be difficult to customize, hindering the creation of tailored user experiences across various digital channels. This can lead to a disjointed customer journey and lost opportunities for growth.
Solution
House of Insurtech offers a suite of API-driven digital insurance solutions designed to modernize the insurance purchasing process. Insurforce is a cloud-based quote, buy, and policy administration system featuring a flexible web application built on an innovative rating and underwriting API. QUBAPI, a standalone rating engine, provides the core benefits of Insurforce's quote and buy system without the policy administration capabilities, allowing it to be layered on top of existing systems. These platforms enable businesses to design customized user interactions, enrich data with third-party sources, and deliver personalized messaging across mobile, web, and embedded channels, all while maintaining control over branding and customer experience.
Target Audience
The primary target audience includes insurance carriers, brokers, and MGAs seeking to modernize their technology stack, improve customer experience, and gain greater control over their digital distribution channels.
Features
- Microservices API architecture for integration into existing websites, mobile apps, and other digital channels
- Decoupled underwriting engine for greater flexibility in user experience design
- Rules-based expert system for generating insurance quotes based on risk data
- Spreadsheet-based rule management for easy updates by business users
- Precompiled rules loaded into memory for high performance and efficiency
- Integration with third-party data enrichment services
- Real-time dashboards and data feeds for performance monitoring