DAIS Technology

DAIS Technology develops and creates digital solutions for the insurance industry. DAIS is changing the approach to risk and agency enablement by launching the Internet of Insurance™. ioi™ is removing technology as a constraint and building a network effect in insurance that enables everyone to win and early adopters to win more. DAIS Technology was founded in 2016 and is based in Chicago, USA.

<div>Dais Technology offers a no-code platform for insurers to launch new insurance products or digitize existing insurance products. The platform supports the establishment of the end-to-end policy life cycle, encompassing tasks such as quoting and binding, client onboarding, policy management, and payouts.</div>

InsurTech: Infrastructure

Dais Technologies

Dais Technology on LinkedIn: Home

Origami Risk

It acquired Dais Technology, a developer of turnkey and GenAI solutions for the insurance industry. Through the acquisition, it planned to enhance Dais' market reach and ability to provide support to clients while also broadening Origami's range of property and casualty insurance solutions, such as for policy, rating, billing, loss control, claims administration, reporting, and analytics tailored for managing general agents (MGAs), insurers, and reinsurers. Following the transaction, Dais will function as a subsidiary of Origami and will continue to be led by its co-founders.

Providers of general, yet comprehensive, end-to-end solutions for insurance companies, covering various aspects of their operations. This includes core systems for policy administration, underwriting, claims processing, billing, and customer relationship management

<div>
 
 Dais Technology offers a no-code platform for insurers to launch new insurance products or digitize existing insurance products. The platform supports the establishment of the end-to-end policy life cycle, encompassing tasks such as quoting and binding, client onboarding, policy management, and payouts.
 
 
 The company also offers a generative AI underwriting tool called UnderwriteGPT, which it built in partnership with Paladin Group, a digital brokerage. UnderwriteGPT is based on large language models (LLMs) and generative AI, and it is designed to streamline the underwriting process and improve risk assessment, leading to better pricing for policyholders.
 
 
 Key customers and partnerships
 
 
 The company 
 <a href="https://sp-edge.com/updates/17588">
 partnered with Terrafuse AI
 </a>
 , a provider of AI-powered climate risk intelligence and analytics, to integrate advanced, location-specific climate risk data and modeling into UnderwriteGPT. This would provide improved risk management and selection for carriers, MGAs, and brokers.
 
 
 Funding and financials
 
 
 The company&rsquo;s last funding round was in August 2018, when it raised USD 9 million. It did not disclose the use of the proceeds.
 
 
 
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<div>
 
 AgentSync powers growth for insurance carriers, agencies, MGAs, and producers by offering modern tools for producer and compliance management. With a customer-centric design, seamless APIs, and automation, AgentSync's products reduce friction, increase efficiency, and maintain compliance, ultimately helping to improve the broker onboarding, contracting, licensing, appointing, and compliance processes.
 
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AgentSync

Artificial is an insurance software business offering an algorithmic underwriting, data extraction and machine learning platform to commercial insurers, empowering them to write better risks, faster. We provide solutions to partners across the London and global markets, including Convex, Chaucer and more. Our platform specialises in instantly and accurately capturing data at the point of entry for use in downstream applications. We enable clients to augment this data through effortless integrations and use it to write risks algorithmically, build contracts and plug into other systems. Behind the platform is decades' worth of experience in engineering, insurance and analysis. We do more than just provide software; we work with you every step of the journey to make sure our technology drives growth, improves efficiency and reduces costs across your business.

Artificial Labs

Bambi Dynamic, based in Israel, is a SaaS insurance platform that provides vehicle insurance solutions for car OEMs, mobility providers, insurers, and the mobility ecosystem. As a white-label, cloud-based integrated platform, Bambi Dynamic provides an end-to-end solution that includes onboarding, underwriting, user identification, pricing, policy operations, and loss notice. The platform creates insurance products by measuring usage, events, and behavior, using data collected from various sources including smartphones, connected cars, and smart sensors. Bambi Dynamic’s products include personal auto, personal connected auto, fleet insurance, shared and micro-mobility, MaaS for mobility app providers, and autonomous vehicle insurance.

Bambi Dynamic

CLARA Analytics improves claims outcomes in commercial insurance with easy-to-use AI-based products. The company’s product suite applies image recognition, natural language processing, and other AI-based techniques to unlock insights from medical notes, bills and other documents surrounding a claim. CLARA’s predictive insight gives adjusters “AI superpowers” that help them reduce claim costs and optimize outcomes for the carrier, customer and claimant. CLARA’s customers include companies from the top 25 global insurance carriers to large third-party administrators and self-insured organizations. Founded in 2016, CLARA Analytics is headquartered in California’s Silicon Valley. For more information, visit www.claraanalytics.com.

CLARA Analytics

Coterie Insurance is an InsuranceTech company that applies an API-based approach and modern technology to commercial insurance. It looks to integrate insurance with platforms and processes that businesses, contractors, and gig workers use every day. The company also streamlines the insurance process for its clients. Its core focus remains on small business insurance. Products that it offers include business owners policy, general liability insurance, and professional liability insurance. Coterie Insurance is privately held and a licensed insurance producer in all 50 US states.

Coterie Insurance

Specialized platforms that offer lead generation and management services and tools for insurance providers. Tools can include telemarketing, internet, and social media lead generation, referrals, and lead analytics

Underwriting platforms that evaluate risks related to life insurance, health insurance, and related products such as disability and critical illness coverage. They may utilize medical underwriting criteria, genetic information, lifestyle factors, and demographic data to assess applicants' insurability

Platforms that specialize in assessing risks associated with property and casualty insurance, including home, auto, commercial property, and liability coverage. They may incorporate data sources such as property valuations, historical claims data, telematics, and weather patterns to evaluate risk factors accurately

Specialized platforms that streamline and automate claims processing workflows, from initial claim submission to settlement. They may offer software for claims intake, adjudication, fraud detection, and communication with policyholders and third-party service providers

Policy administration systems that focus on managing policy lifecycle activities, including policy issuance, endorsements, renewals, and cancellations. They provide insurers with tools to configure and manage policy rules, coverage options, and premium calculations. Platforms can also have additional functions for commission and performance tracking

Reinsurance technology providers offer a range of innovative tools and services to support reinsurers in managing their operations, assessing risks, and optimizing their reinsurance strategies. These solutions may include advanced analytics, catastrophe modeling, risk assessment tools, portfolio management systems, and underwriting platforms specifically designed for the reinsurance industry

New insurance models are disrupting a centuries-old industry with a focus on personalization and convenience

InsurTech: Personal Lines

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<div>
 <ul>
 <li>Origami Risk, a risk management SaaS company, along with its subsidiary Dais Technology, a developer of insurance software and GenAI solutions, launched a first notice of loss claims integration (FNOL) solution for managing general agents (MGAs) and insurance carriers.</li>
 <li>The solution combines the no-code conversational API features of Dais with Origami's API functionality, offering carriers and MGAs a competitive edge in speed-to-market and operational efficiency using a fully customizable interface for claims FNOL.&nbsp;</li>
 </ul>
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Origami Risk and Dais Technology have launched a first notice of loss claims integration solution for managing general agents and insurance carriers. The solution brings together Dais' no-code conversational API features with Origami's API functionality, providing carriers and MGAs with a customizable interface for claims FNOL. This integration aims to enhance speed-to-market and operational efficiency for insurance companies. Analyst QuickTake: Origami <a href="https://sp-edge.com/updates/21885"> acquired Dais Technology </a> in September this year, with the goal of integrating the core capabilities of both companies to deliver enhanced products and services tailored to MGAs, insurers, and reinsurers. This FNOL integration marks the initial step in their collaboration.

Dais Technologies

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