About Insurance Systems
Insurance Systems is a company based in Toronto (Canada) founded in 1997.. Insurance Systems offers products and services including ISI Enterprise and ISI Cargo. Insurance Systems operates in a competitive market with competitors including RiskGenius, Get Covered, Unirisx, The four-leaf clover and Maximum Processing, among others.
- Headquarter Toronto, Canada
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Insurance Systems Inc.
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Annual Revenue
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Net Profit
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Products & Services of Insurance Systems
Insurance Systems offers a comprehensive portfolio of products and services, including ISI Enterprise and ISI Cargo. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
End-to-end solution for managing P&C insurer operations and configurations.
Platform for marine cargo underwriting and business process improvements.
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Funding Insights of Insurance Systems
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2024 | Amount | Private Equity Round - Insurance Systems | Valuation | NexPhase Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Insurance Systems
Insurance Systems has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include NexPhase Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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NexPhase Capital is engaged in private equity investments.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Insurance Systems
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Insurance Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Insurance Systems Comparisons
Competitors of Insurance Systems
Insurance Systems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as RiskGenius, Get Covered, Unirisx, The four-leaf clover and Maximum Processing, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Insurance policies are reviewed using machine learning technology.
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Policy administration solutions are offered for property insurance.
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Provides SaaS-based administration solutions for property and casualty insurance providers.
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Car insurance service platform
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| domain | founded_year | HQ Location |
Policy administration and claims processing software for insurers is provided.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Insurance Systems
Frequently Asked Questions about Insurance Systems
When was Insurance Systems founded?
Insurance Systems was founded in 1997 and raised its 1st funding round 27 years after it was founded.
Where is Insurance Systems located?
Insurance Systems is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
What does Insurance Systems do?
Insurance Systems was founded in 1997 in Toronto, Canada, and focuses on the property and casualty (PC) insurance sector. Web-based platforms are developed for small and mid-size carriers, covering policy administration, billing, claims processing, reinsurance, loss control, and financial management. Key products include ISI Enterprise, which handles all PC business lines; ISI Cargo, used for marine cargo underwriting and certificates; and Risk Inspection, which streamlines loss control automation.
Who are the top competitors of Insurance Systems?
Insurance Systems's top competitors include RiskGenius, Get Covered and Maximum Processing.
What products or services does Insurance Systems offer?
Insurance Systems offers ISI Enterprise and ISI Cargo.
Who are Insurance Systems's investors?
Insurance Systems has 1 investor. Key investors include NexPhase Capital.
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