agentlist

Shortlist

Which insurance AI to shortlist

Insurance AI is bought by job, so this page has four shelves instead of one ranking. Federato leads underwriting, with Sixfold, Kalepa and hyperexponential beside it. Reserv leads claims, with Pace for wider operations. Outmarket leads broker distribution. Nayya leads employee-benefits guidance. Consumer lines are out.

Quick pick

  • Best for underwriting

    Federato

    Underwriting software for insurers.

  • Best for claims

    Reserv

    An AI-native claims administrator that does the work itself.

  • Best for brokers

    Outmarket

    Workflow software for brokers, including group-benefits renewals.

Insurance is a regulated, relationship-led market, so most figures here are funding rounds or the vendor’s own usage claims. Each is marked as verified, reported or stale. Consumer auto, home and renters lines are not covered.

Underwriting

Lead: Federato. Software sold to insurers to read submissions, price risk and decide. Federato leads. Guidewire has bought or backed two of the others: it agreed to acquire hyperexponential and invested in Sixfold.

  1. 01
    Federato

    CommercialAI enabler

    Insurance

    Underwriting platform. $100 million Series D, Nov 18, 2025.

    $100 million Series D, over $180 million raisedVerifiedAs of Nov 18, 2025Federato announcement

    Evidence notes
    • Evidence level: Verified, primary.
    • Led by Goldman Sachs. Federato’s own post of Nov 18, 2025.
  2. 02
    Sixfold

    CommercialAI enabler

    Insurance

    Underwriting agent that learns each carrier’s appetite. $30 million Series B in January 2026, with Guidewire investing.

    $30 million Series BVerifiedAs of Jan 29, 2026Sixfold announcement

    Supports insurers representing $265 billion of premiumReported As of Jan 29, 2026

    Evidence notes
    • Evidence level: Verified, primary.
    • Led by Brewer Lane, with strategic investment from Guidewire.
    • Supports insurers representing $265 billion of premium. Gross written premium across 40+ lines, per Sixfold. Not independently confirmed.
  3. 03
    Kalepa

    CommercialAI enabler

    Insurance

    Submissions and quotes. $75 million at a $470 million valuation on Nov 5, 2026.

    $470 million valuation, $75 million Series BVerifiedAs of Nov 5, 2026Kalepa announcement

    Evidence notes
    • Evidence level: Verified, primary.
    • Led by Updata Partners. About $91 million raised in total. Growth claims are Kalepa’s own.
  4. 04
    hyperexponential

    CommercialAI enabler

    Insurance

    Pricing and underwriting. Guidewire agreed to buy it for $1.7 billion cash plus up to $400 million earnout.

    $1.7 billion cash, plus up to $400 million earnoutVerifiedAs of Nov 7, 2026Insurtech Insights

    Evidence notes
    • Evidence level: Verified, secondary.
    • Guidewire agreed to the deal on Oct 27, 2026. Expected to close in Guidewire’s fiscal Q2 2027. hx’s own site confirms a signed definitive agreement.

Claims and operations

Lead: Reserv. Reserv runs claims as an administrator, so it is the operator and the lead. Shift sells fraud and claims software. Pace sells agents that do operations work across submissions, renewals, servicing and claims.

  1. 01
    Reserv

    CommercialAI-native operator

    Insurance

    AI-native claims administrator. $125 million Series C led by KKR.

    $125 million Series C led by KKRVerifiedAs of May 4, 2026Reserv homepage

    ARR of about $100 millionReported As of Nov 9, 2026

    Evidence notes
    • Evidence level: Verified, primary.
    • Date is taken from the Business Wire release URL, which we could not open.
    • ARR of about $100 million. Carried from the survey. We could not open the release, so it is not confirmed.
  2. 02
    Pace

    CommercialAI enabler

    Insurance

    Operations agents for insurers. $46 million Series B in May 2026, co-led by Thrive and Sequoia.

    $46 million Series BVerifiedAs of May 27, 2026Pace announcement

    250,000+ insurance workflows completed by agentsReported As of May 27, 2026

    Evidence notes
    • Evidence level: Verified, primary.
    • Co-led by Thrive Capital and Sequoia.
    • 250,000+ insurance workflows completed by agents. Pace’s own claim.
  3. 03
    Shift Technology

    CommercialAI enabler

    Insurance

    Fraud and claims software. Says it has 120+ customers in 30+ countries. Its last valuation we found is from 2021.

    120+ customers in more than 30 countriesReportedAs of Nov 11, 2026Shift homepage

    Valuation over $1 billionStale As of 2021

    Evidence notes
    • Evidence level: Reported.
    • Shift’s own undated statement.
    • Valuation over $1 billion. Series D valuation from 2021.

Distribution

Lead: Outmarket. Broker and agency workflow. Outmarket leads. Vertafore and Applied Systems are the agency-management incumbents, and both have announced AI work.

  1. 01
    Outmarket

    CommercialAI enabler

    Insurance

    Broker workflow, including group-benefits renewals. $34.5 million Series B in September 2026.

    300+ agencies and 10,000+ usersVerifiedAs of Sep 25, 2026Outmarket blog

    $34.5 million Series BVerified As of Sep 25, 2026

    Evidence notes
    • Evidence level: Verified, primary.
    • Includes more than a quarter of the top 100 US brokers, per Outmarket.
    • $34.5 million Series B. Led by SignalFire.
  2. 02
    Vertafore

    CommercialIncumbent

    Insurance

    Agency-management incumbent. Announced its Agentic Agency vision on Sep 23, 2026.

    Agentic Agency vision announcedVerifiedAs of Sep 23, 2026Vertafore release

    Evidence notes
    • Evidence level: Verified, primary.
    • A vision announcement, not a list of shipped features.
  3. 03
    Applied Systems

    CommercialIncumbent

    Insurance

    Agency-management incumbent. Runs Applied Epic and has launched submissionless renewals with Travelers.

    Submissionless renewal quotes, Travelers as first carrierVerifiedAs of Jul 8, 2026Cytora

    Evidence notes
    • Evidence level: Verified, primary.
    • Applied owns Cytora. Applied’s homepage also announces Epic Conductor.

Employee benefits

Lead: Nayya. Employee-facing benefits, not consumer health. Nayya leads. Angle Health is a group health carrier, so it is an operator on this shelf, not the lead.

  1. 01
    Nayya

    CommercialAI enabler

    Insurance

    Benefits guidance. More than $30 million revenue in 2025, per Forbes. Its valuation figure is from 2022.

    More than $30 million revenue in 2025ReportedAs of 2025Forbes

    About $515 million valuationStale As of 2022

    Evidence notes
    • Evidence level: Reported.
    • Forbes also reports nearly a million users. Nayya’s homepage says over 6 million employees and partners, a different measure.
    • About $515 million valuation. PitchBook figure shown on Forbes. The date is 2022.
  2. 02
    Angle Health

    CommercialAI-native operator

    Insurance

    Group health plan for small employers. $2.7 billion valuation announced Sep 18, 2026.

    About $2.7 billion valuationVerifiedAs of Sep 18, 2026Angle Health homepage

    $200 million new Series C, plus a $400 million tender offerVerified As of Oct 8, 2026

    Evidence notes
    • Evidence level: Verified, primary.
    • Series C announcement on Angle’s own site.
    • $200 million new Series C, plus a $400 million tender offer. Led by Vitruvian Partners. The tender was for existing shareholders and is not new funding.

Compare on

BrandTypeJobWho does the workHeadline figure
FederatoCommercialUnderwritingAI enabler$100 million Series D, over $180 million raised · Verified
SixfoldCommercialUnderwritingAI enabler$30 million Series B · Verified
KalepaCommercialUnderwritingAI enabler$470 million valuation, $75 million Series B · Verified
hyperexponentialCommercialPricing and underwritingAI enabler$1.7 billion cash, plus up to $400 million earnout · Verified
ReservCommercialClaimsAI-native operator$125 million Series C led by KKR · Verified
PaceCommercialOperationsAI enabler$46 million Series B · Verified
Shift TechnologyCommercialFraud and claimsAI enabler120+ customers in more than 30 countries · Reported
OutmarketCommercialDistributionAI enabler300+ agencies and 10,000+ users · Verified
VertaforeCommercialDistributionIncumbentAgentic Agency vision announced · Verified
Applied SystemsCommercialDistributionIncumbentSubmissionless renewal quotes, Travelers as first carrier · Verified
NayyaCommercialEmployee benefitsAI enablerMore than $30 million revenue in 2025 · Reported
Angle HealthCommercialEmployee benefitsAI-native operatorAbout $2.7 billion valuation · Verified

Enabler means software sold to insurers, brokers or employers. Operator means the company runs the workflow itself. Incumbent means an established agency-management vendor. Line of business, system integrations and public price are on each product page where we found them, and marked unknown where we did not.

How we picked

  • Insurance AI is bought by job, so the page is cut into four shelves with one lead each: Federato, Reserv, Outmarket and Nayya.
  • Funding rounds and acquisitions come from the company’s own announcement where we could open it. Vendor usage claims are labelled as the vendor’s own.
  • Vertafore and Applied Systems are on the distribution shelf as incumbents. Neither has a dollar figure, so their sourced item is an announcement.
  • Stale valuations stay badged. Consumer lines never entered.

Questions and answers

What is AI in insurance?
On this page it is B2B and employee-facing work: commercial underwriting, claims and operations, broker distribution and group benefits. Consumer auto, home and renters lines are out. The shelves are the answer, not a single ranked list.
Will AI replace underwriters?
Our judgmentWe do not measure replacement. Federato, Sixfold and Kalepa sell underwriting software to insurers. Sixfold’s homepage quotes Guardian saying review time fell 50%, which is a customer quote on the vendor’s site.
What does Guidewire’s deal for hyperexponential mean?
Guidewire agreed on Oct 27, 2026 to buy hyperexponential for $1.7 billion in cash plus up to $400 million in earnout, per Insurtech Insights. hx’s own site confirms the signed agreement. Guidewire also invested in Sixfold, so two underwriting picks now have Guidewire ties.
What is the best insurance agency management system?
Our judgmentVertafore and Applied Systems are the agency-management incumbents on the distribution shelf. We do not name a single winner. Applied sells Applied Epic and announced Epic Conductor, an AI platform. Vertafore announced its Agentic Agency vision on Sep 23, 2026.
What is the best benefits administration software?
Our judgmentNayya is the benefits lead because it is the one employee-facing pick with a current figure: more than $30 million of 2025 revenue, per Forbes. We do not rank every benefits suite. Its $515 million valuation is from 2022.
How did Angle Health raise $600 million?
Angle’s own page headlines a $600 million raise at a $2.7 billion valuation on Sep 18, 2026. Botmemo reports that as $200 million of new Series C funding led by Vitruvian plus a $400 million tender offer for existing shareholders.

Runners-up

  • Corgi

    $2.6 billion valuation at Series B1, reported from Corgi’s press release. Not on a shelf.

  • Nirvana Insurance

    $1.5 billion valuation at Series D, from a secondary page. Not on a shelf.

  • FurtherAI, Fulcrum, Quandri, Harper, Counterpart, CLARA Analytics, Stream, Avallon, Employee Navigator, Zywave, Gradient AI, Honeycomb, Coalition

    Named in our research. Their figures are not repeated on this page.

Neighbours

  • Legal

    Legal AI is a different regulated buyer from a carrier, broker or employer.

  • Customer support

    A customer-service resolver is not an underwriting, claims or benefits system.

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