Risk FabrIQ
Risk FabrIQ operates an AI-enabled multinational insurance platform built on an Open Insurer Network that connects licensed insurers, brokers, and reinsurers. The platform lets licensed insurers publish jurisdiction and product capabilities on their own letterhead while brokers can query admitted paper before quote and manage one programme file across territories. Network issuance is currently scoped to eight lines including liability, property, cyber, and professional indemnity.
- Insurance Technology
- Artificial Intelligence
- Software Only
- Regulatory & Compliance Technology
Funding
Founders
Founder details are not available yet.
Product
Problem
Multinational commercial insurance placement is fragmented across brokers, insurers, MGAs, and reinsurers, requiring coordination across numerous jurisdictions with different compliance regimes. This complexity leads to inefficient placement processes, governance challenges, and servicing delays that burden all parties involved in cross-border insurance programs.
Solution
Risk FabrIQ provides an AI-enabled operating system for multinational commercial insurance, built on an Open Insurer Network that connects all key market participants. The platform simplifies placement, governance, compliance, and servicing across multiple jurisdictions through a modern infrastructure layer. Licensed issuing insurers can publish jurisdiction and product capability on their own letterhead, while brokers can query admitted paper before quote and maintain one programme file across territories. The platform serves as a central hub that connects capacity providers with distribution channels, enabling more efficient market transactions across the insurance value chain. The platform handles the full programme lifecycle, from finding admitted paper before quote to collecting cash before cover and sending documents directly to clients without requiring insureds to have a login.
Target Audience
Primary customers are licensed issuing insurers, insurers and reinsurers, brokers and placing insurers, and insurer/broker networks that need to efficiently place and service complex cross-border insurance programs.
Features
- AI-enabled placement capabilities that automate and accelerate the submission-to-binding workflow for multinational programs
- Open Insurer Network architecture that connects brokers, insurers, MGAs, and reinsurers on a shared infrastructure platform
- Jurisdiction and product capability publishing for licensed issuers, with documents issued on the insurer's own paper
- Pre-quote admitted paper querying with reasons when paper is not admitted, and consolidated programme files across territories
- Multi-jurisdiction governance and compliance tools including OFAC and sanctions screening on the placement file
- Network-scale operations licensing for insurer and broker networks to run branded multinational operations with control over data and roadmap
- Encryption in transit and at rest with role-based access control, aligned with ISO 27001 practices and SOC 2 trust-principle controls in design
- Network issuance scoped to eight lines: Liability, Property, Commercial Auto, Inland Marine, Corporate Travel, Directors & Officers, Cyber, and Professional Indemnity