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Top 35 Insurance Software Companies With $5M–$10M Revenue (August 2026)

As of August 2026, Latka tracks 35 insurance software companies with $5M–$10M in annual revenue. They have combined revenues of $249.6M and employ 2.5K people. They have raised $90.9M and serve 2.7K customers combined.

Every company below sells insurance software to other businesses and is ranked by its most recent annual revenue. Revenue, funding, headcount and customer figures come from CEO interviews on the Latka podcast, public company filings, and Latka estimates where a company has not disclosed a number.

What Insurance Software Companies do

Insurance software encompasses a range of technology solutions designed to support the operational needs of insurance companies. These systems facilitate critical functions such as underwriting, policy management, claims processing, and risk assessment, enabling organizations to streamline workflows and improve customer service. By integrating various components like data analytics and automation, insurance software helps companies optimize their processes and respond to market demands more efficiently. Typical features of insurance software include customer relationship management (CRM), policy administration modules, claims management tools, and reporting capabilities. Users of this software generally consist of insurance agents, underwriters, claims adjusters, and operations managers tasked with improving policy sales, managing risks, and ensuring compliance with regulations. As the industry evolves, there is also a growing emphasis on incorporating advanced technologies like artificial intelligence and big data to enhance predictive modeling and operational insights.

Companies
35
Revenue
$249.6M
Funding
$90.9M
Employees
2.5K

Filters

Sorting: Highest -> Lowest

Filters

Top Insurance Software Companies With $5M–$10M Revenue

Showing 10 of 35 companies ranked by annual revenue.

1cleversoft group logo
cleversoft group

Munich, Germany

Developer of a regulatory technology platform based in Munich, Germany. The company's platform optimizes and automates business processes for regulatory documents, marketing materials, commission payments and other back office processes, allowing banks, asset managers and insurers to comply with regulatory challenges in the financial industry.

Revenue
$9.9M
Customers
300
Year founded
2004
Team size
191
2Pibit.ai logo
Pibit.ai

Palo Alto, California, United States

Transforming Commercial P&C Industry with LLM-Powered AI

Revenue
$9.8M
Year founded
2020
Team size
63
3RateSpecial Interactive logo
RateSpecial Interactive

Pasadena, California, United States

A technology-driven, interactive marketing company for industry leading brands in credit, insurance, lending, debt, banking and other verticals

Revenue
$9.7M
Year founded
2007
Team size
21
4Messagepoint logo
Messagepoint

Canada

Developer of software for customer communications management (CCM) market. The company's hybrid cloud-based content management platform serves customer communications management needs of large enterprise customers including insurance, financial services, healthcare and print service providers offering an intuitive and secure environment for business users to directly own and control touchpoint messaging content and business rules driving the pace of change for customer-facing print and digital communications.

Revenue
$9.4M
Year founded
1998
Funding
$27M
Team size
141
5maria logo
maria

Sydney, New South Wales, Australia

Developer of Saas based online insurance advisor tool designed to create and collect data during the interview process for any client or prospect business. The company's tool facilitates business insurance intermediation starting with complete capture of the entire prospect or client interaction, enabling insurance advisers to frees up adviser resources directed to paperwork to allow more time for relationship building and negotiation of competitive insurance terms.

Revenue
$9.4M
Year founded
2016
Team size
58
6Insurance Systems Inc. logo
Insurance Systems Inc.

Toronto, Ontario, Canada

ISI (Insurance Systems Inc.) delivers fully integrated software solutions purpose-built for P&C insurers and MGAs. Since 1997, we’ve helped insurers to better manage risk, unlock insights, and streamline operations — all in one platform built for sustainable growth. By unifying data and workflows, our ISI Core, ISI AI and ISI Portal solutions empower customers to : Better Manage Risk - Enhance underwriting precision and better manage exposure. Unlock Insights. Drive Better Decisions. - Empower your organization to become data driven. - Unify policy, billing, claims, accounting and reinsurance into a single solution, providing a full view of your organization. Setup your team to achieve more with real-time visibility into performance to make faster decisions faster. Enhance Operational Efficiency - Streamline customer, team and distribution channel experience. Drive Sustainable Growth. - Rollout new products and changes quickly to adapt to market shifts and new opportunities. - Reduce total cost of ownership without impacting business agility. Achieve Business Outcomes Faster - Accelerate time-to-value with a streamlined implementation process, minimizing disruption and delivering operational efficiencies quickly. - Leverage a dedicated team with insurance and InsurTech expertise to ensure you new system aligns with each department’s unique needs and goals. - Achieve long-term budget and support certainty, without the in-house overhead for continuous systems enhancements and maintenance. Together our team and our solutions help insurers and MGAs Achieve More™ through every step of the insurance lifecycle.

Revenue
$9.2M
Year founded
1997
Team size
84
7Susco Solutions logo
Susco Solutions

Harvey, Louisiana, United States

Software company developing business solutions, mobile workforce apps and systems integrations for the insurance claims management industry

Revenue
$8.7M
Year founded
2005
Team size
78
8Artificial Labs logo
Artificial Labs

Whyteleafe, Surrey, United Kingdom

Artificial builds technology and software tools for commercial insurers and brokers. Artificial provides a cloud-based algorithmic underwriting platform, as well as applications that can be built on top of existing legacy systems or Artificial's core system.

Revenue
$8.7M
Year founded
2013
Team size
69
9Thinksurance logo
Thinksurance

Frankfurt Am Main, Germany

B2B insurance technology company

Revenue
$8.6M
Year founded
2016
Team size
102
10Vericred logo
Vericred

New York, New York, United States

Developer of a data platform intended for the digital distribution of health insurance and employee benefits. The company's platform comprises plan design and rate data, provider-network data and formulary data, enabling insurtech and digital health companies to solutions for rapidly changing data that currently exists in non-standard and non-structured formats.

Revenue
$8.1M
Customers
300
Year founded
2014
Funding
$34.1M
Team size
109

Frequently asked questions about Insurance Software Companies With $5M–$10M Revenue

How many insurance software companies with $5M–$10M in annual revenue are there?

Latka tracks 35 insurance software companies with $5M–$10M in annual revenue. Together they generate $249.6M in annual revenue and employ 2.5K people.

Which insurance software company with $5M–$10M in annual revenue is the largest?

cleversoft group is the largest, with $9.9M in annual revenue, founded in 2004.

How much revenue does a typical insurance software company with $5M–$10M in annual revenue make?

The average insurance software company in this list makes $7.1M a year, across 35 companies with reported revenue. They serve 2.7K customers combined.

Who are the leading Insurance software vendors with $5M–$10M in annual revenue?

Ranked by annual revenue, the leaders are cleversoft group, Pibit.ai, RateSpecial Interactive, Messagepoint and maria.

How much funding have insurance software companies with $5M–$10M in annual revenue raised?

The 35 insurance software companies with $5M–$10M in annual revenue tracked here have raised $90.9M in disclosed funding between them.

Related Vertical Industry Software categories

Inclusion Criteria

- Must provide tools for managing policies, including creation, modification, and renewal. - Should support claims processing functionalities to handle the entire lifecycle of claims. - Needs to offer data analytics capabilities for risk assessment and business intelligence reporting. - Must facilitate compliance with industry regulations and standards. - Should be designed for use by insurance professionals, including agents and underwriters. - Not just for general financial services; must specifically address insurance-related operations.