This article showcases our top picks for the best Massachusetts based InsurTech companies. These startups and companies are taking a variety of approaches to innovating the InsurTech industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top Massachusetts InsurTech Companies
Corvus Insurance provides AI-driven commercial insurance that empowers brokers and policyholders to predict and prevent risk. With each Smart Commercial Insurance® policy, Corvus supplies proprietary Dynamic Loss Prevention® reports to inform policyholders of critical risk areas and provide actionable security recommendations.
The company was founded in 2017 and is headquartered in Boston, Massachusetts.. .
Goji is an American online insurance agency, combining smart tech with human expertise to find you the right policy at the best price. Goji combines human expertise with smart technology to match customers with the right coverage at the best price.
Since 2007, Goji has helped hundreds of thousands of Americans compare rates from top brands and buy the policy that’s best for them. The company is headquartered in Boston, Massachusetts..
Galaxy.AI has built proprietary deep learning technology for automated claims processing for the insurance industry. Galaxy uses machine vision and deep learning to analyze damaged vehicle images and provides claims cost in a mobile app.
and to claim adjusters. The company was featured in Inc.
as one of the top 7 artificial intelligence (AI) to watch in 2017. Galaxy is working with top 5 global insurance companies..
Everyday Life Insurance
Everyday Life Insurance uses technology to redefine financial security for middle income families. Its first product, Predictive Protection, saves consumers money by automatically adjusting coverage based on predictable life events like kids growing up or retirement.
It was founded in 2018 and headquartered in Boston, Massachusetts.. .
Veruna is an insurtech developer of the Salesforce-based agency management platform. Veruna is an agency management system provider that offers an AMS designed to meet the needs of the modern insurance agency through true customization and integration.
Veruna is challenging independent insurance agents to walk away from the status quo and embrace change. Veruna is committed to enabling independent agencies to grow their business by changing the way they do business..
Energetic Insurance unlocks solar financing for unrated or below investment grade organizations. It is a Managing General Underwriter (MGU) with a novel, data-driven approach that develop new risk management products to unlock exponential growth in the renewable energy industry.
For solar industry participants who want to do more projects and deploy more capital, EneRate Credit Cover unlocks solar project financing for unrated and below investment grade counterparties by covering payment default risk.. .
Attestiv is an information technology company that verifies the authenticity of digital media and data. The company focuses on helping businesses build efficient processes, improve customer experience, and provide a higher standard for information exchange.
It reduces risk while improving the customer experience for their digital transformation initiatives. Attestiv makes photos, videos, and documents tamper-proof by “fingerprinting” them and storing fingerprints where they cannot be changed, on a blockchain or other distributed ledger.
The company’s products create new efficiencies, offer unrivaled fraud prevention and maintain interoperability with existing infrastructure. Attestiv was founded in 2018 and headquartered in Natick, Massachusetts..
RECLAIM (MyA Health)
RECLAIM is a financial wellness app that relieves patients from financial stress so that they can focus on their wellbeing. It helps healthcare users understand their care pathway and what to expect ahead, save on their cost of care, and optimize their insurance selection to best mitigate their financial risk.
It was founded in 2015 and is headquartered in Cambridge, Massachusetts.. .
Insurify is an internet company that features a software platform that specializes in car insurance. Its software platform utilizes artificial intelligence, language processing, and chatbots it provides personalized recommendations that help its users to decide about their car insurance.
It was founded in 2013 and is headquartered in Cambridge, Massachusetts.. .
Bindable delivers solutions for modern insurance distribution. We offer a full stack of technology-enabled services to insurance companies, intermediaries, financial institutions, affinity groups and other trusted brands.
We enable strategic partners to better engage their customers through insurance distribution, product diversification and market expansion. Whether you’re a brand looking to offer insurance products to your customers or an insurance company trying to streamline your partner distribution, Bindable is here to make things better..
Delphi Technology provides a comprehensive range of proven software solutions including underwriting, policy management, claims management, financial management, business intelligence, and predictive analytics. Leveraging a highly flexible technology platform, Delphi Technology enables companies to streamline their operations, optimize their business processes, and respond to changing business needs resulting in reduced costs, increased operational efficiency, and improved business intelligence.
Delphi utilizes a proven implementation methodology ensuring the transfer of critical technical, business, and market expertise throughout the deployment process resulting in successful implementations that come in on schedule and on budget. Headquartered in Boston, MA, Delphi Technology has offices throughout North America and in Shanghai, China..
NGI Holdings / Next Generation Insurance Group
National holding company for innovative technology focused & digital insurance businesses. Our companies are transforming their industries.
GradGuard is a leading program manager for specialty insurance programs designed for the collegiate market and the leader in providing renters and tuition insurance programs. Bindable is an innovative technology platform that is transforming the affinity marketing of insurance nationwide..
Apliant was founded by insurance, technology, and marketing professionals to improve local insurance agency distribution. We work to build smarter technology that empowers the traditional insurance agent, helping them find and retain more clients through a simplified workflow.
Designed for the sales-driven insurance agent, Apliant is a user-friendly, on-demand platform that serves as every insurance agent’s dream toolkit including everything they need to easily and quickly connect with insurance-shopping customers in their existing market and beyond.. .
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