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Top 13 Life Insurance Policy Administration Systems SaaS Companies in May 2026

As of May 2026, there are 13 SaaS companies in Life Insurance Policy Administration Systems. They have combined revenues of $241.4M and employ 2.3K people. They have raised $208.7M and serve 6.9K customers combined.

Life Insurance Policy Administration Systems (PAS) are specialized software solutions designed to streamline the management and administration of life insurance policies. These systems help insurers manage various functions such as policy issuance, underwriting, claims processing, and customer service. By automating core workflows, PAS enables insurance companies to enhance operational efficiency, improve accuracy, and respond faster to customer inquiries.

Companies
13
Revenue
$241.4M
Funding
$208.7M
Employees
2.3K

Filters

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Top Life Insurance Policy Administration Systems Companies

Showing 10 of 4 companies ranked by annual revenue.

1
Proformex

Cleveland, Ohio, United States

Developer of a life insurance policy management software designed to assist in policy monitoring and fiduciary management. The company's carrier and distribution agnostic platform proactively alert users of potential problems with their client's in-force policies against lapsing, degradation and asset erosion, enabling customers to securely store, manage and analyze their entire in-force book of business in one place.

Revenue
$3.2M
Customers
-
Year founded
2016
Funding
-
Team size
35
Growth
39.53%
2
Ensight

San Diego, California, United States

A break through SaaS-based sales enablement platform focused on the complex permanent life and annuity income products niche. Traditional life and annuity income sales still hinge on a manual time-consuming process requiring users to interface with multiple platforms each with their own non-uniform workflows. Our Ensight Intelligent Quote and Proposal Visualization solutions capitalize on internal and external data sources radically changing the end to end quote to presentation experience all in a unified and compliant manner to meet best interest regulations. The result is our cloud-based solutions have a demonstrated ROI and impact for Carriers, distribution, producers and advisor's and increases the ease in creating product comparisons, product bench marking with a selection of outputs based on individual preference. We deliver significant time savings while creating better collaboration between departments and ultimately driving more sales and increased premium dollars. All of th

Revenue
$3M
Customers
-
Year founded
2013
Funding
-
Team size
25
Growth
74.32%
3
Atidot

Palo Alto, California, United States

Atidot is an AI cloud-based platform, tailored specifically to the needs of the life insurance industry, enabling insurers to grow their customer's Life Time Value and create new revenues. Insurance companies today struggle to understand their customers as much of the data they collect is not accessible for decision making. Atidot’s technology solves this pain point by augmenting company data with external sources and running predictive models which generate accurate insights and help identify pockets of untapped opportunities for the business to leverage. From executives and marketers, to brokers and actuaries, the entire life insurance apparatus benefits from Atidot’s technology. *Executives are growing their business by improving the profitability of existing books of business. *Marketing and sales teams rely on Atidot to provide them with precise, qualified leads so that they can generate greater conversions via up-sale, cross-sale and retention programs in real time. *Policy distributors are able to leverage more precise customer information to develop more accurate policies in real time, and increase conversion rates. *Actuaries can easily create more precise reports and get more targeted risk analysis based on augmented data. *Policyholders can rest assured that their carriers are providing coverage that fits their needs. Want to learn more? Email us! [email protected] Interested in joining the team? [email protected]

Revenue
$3M
Customers
-
Year founded
2016
Funding
-
Team size
27
Growth
-
4
Lapetus Solutions

Wilmington, North Carolina, United States

Developer of cloud-based biodemographics and facial analysis software designed to predict the future of life events and insurances. The company's cloud-based biodemographics and facial analysis software offers a life insurance underwriting engine that uses biodemography and facial analytics to engage consumers online and rapidly approve them for coverage and also offers a life event-based financial scoring and planning tool that is the first to consider an individual's health, longevity and well-being in addition to wealth, enabling the life insurance and life settlement industries to predict all future life events and financial improvements.

Revenue
$1.5M
Customers
-
Year founded
2014
Funding
-
Team size
20
Growth
147.56%

Inclusion Criteria

- Must provide comprehensive policy lifecycle management, including issuance, underwriting, and claims processing. - Should support automation features for routine tasks and workflows to improve efficiency. - Must include capabilities for regulatory compliance and reporting specific to life insurance. - Should offer user-friendly interfaces for both insurers and customers, enhancing accessibility. - Must facilitate integration with other systems, such as Customer Relationship Management (CRM) or financial systems. - Not just a basic policy management tool; must also support advanced analytics for performance tracking and decision-making.