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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

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Top Life Insurance Policy Administration Systems Companies

Showing 10 of 7 companies ranked by annual revenue.

1
iPipeline

Wayne, Pennsylvania, United States

iPipeline is a leading global provider of comprehensive and integrated digital solutions for the life insurance and financial services industries in North America, and life insurance and pensions industries in the UK. iPipeline couples one of the most expansive digital and automated platforms with one of the industry’s largest data libraries to accelerate, automate, and simplify various applications, processes, and workflows – from quote to commission – with seamless integration. The company’s vision is to help everyone achieve lasting financial security by delivering innovative solutions that connect, simplify, and transform the industry. Since its establishment in 1995, iPipeline has helped protect more than 49 million people, and today is trusted around the world by more than 100 insurance carriers, and providers, and more than 2,500 broker-dealers, financial institutions, Brokerage General Agencies (BGAs), Independent Marketing Organizations (IMOs), and Managing General Agents (MGAs). Connected to more than 500,000 agents and advisers/advisors, the company collected more than $33 billion in premium in life insurance and $55 billion in annuities in 2022. iPipeline operates as a business unit of Roper Technologies (Nasdaq: ROP), a constituent of the Nasdaq 100, S&P 500® and Fortune 1000®. For more information, please visit ipipeline.com/ and select your country of origin.

Revenue
$97.7M
Customers
-
Year founded
1995
Funding
-
Team size
888
Growth
-
2
Sureify

San Jose, California, United States

life insurance information platform

Revenue
$38.9M
Customers
10
Year founded
2012
Funding
$26.8M
Team size
246
Growth
69.31%
3
xbAV AG

Munich, Germany

Xpension is a trademark of xbAV AG, the German market leader in the digitalization of corporate pension & life insurance. Its software-as-a-service solutions allow life insurers, insurance agents, corporates and consumers to buy and manage pension & life insurance online. They benefit from user-friendly information and customer journeys, transparent and efficient processes, and a single platform to connect all stakeholders. Offices are located in Munich (headquarters), Berlin und Saarbruecken. For more information, please visit: www.xbav.de.

Revenue
$27.8M
Customers
-
Year founded
2007
Funding
$58.6M
Team size
172
Growth
55.31%
4
Haven Technologies

New York, New York, United States

--Alert: Fraud Warning-- Beware of fraudulent activities falsely claiming to represent Haven Technologies. We are not associated with any entities soliciting personal information or payment. The safety of our job seekers is a top priority, and we actively work to prevent such incidents. Haven Technologies will never request sensitive information or payment during the hiring process. Be cautious of text-only interviews, interviews conducted through Microsoft Teams, or suspicious offer letters. ----- Haven Technologies is a modern, purpose built SaaS offering for the life insurance industry. We create flexible and customer-centric technologies that enable our clients to efficiently deliver experiences that help people gain access to insurance. Our journey started as a life insurance agency, and our tech helped us bring one of the first digital solutions to market. Now almost a decade later, our platform is the result of first-hand problem solving and success—one that has been fine-tuned in close collaboration with customers, advisors, underwriters and partners. But Haven Technologies is not just, well, all about technology. Our people make our product. We believe magic happens when people have an opportunity to work with amazing colleagues and build things that matter. Haven Technologies (HITPS, LLC) is an insurance software as a service (SaaS) provider. It is a Delaware limited liability company with a principal address of 2 Park Avenue, 10th Floor, New York, NY 10016. Haven Technologies, is a wholly owned, but independent subsidiary of the Massachusetts Mutual Life Insurance Company (MassMutual). Haven Technologies software solutions and services are designed for insurance carriers to underwrite, service, and administer policies issued by the carrier (Haven Technologies is not a licensed third party administrator). © 2023

Revenue
$18.4M
Customers
-
Year founded
2021
Funding
-
Team size
167
Growth
-
5
Tindall Associates

Mokena, Illinois, United States

Developer of a life reinsurance software created to serve the life insurance companies. The company's software offers life reinsurance administration, analytics tool, extract tool, communication tool, cloud based services and related services, enabling clients to self-report all their reinsurance information.

Revenue
$15.5M
Customers
-
Year founded
1975
Funding
-
Team size
336
Growth
299.77%
6
Xempus AG (formerly xbAV AG)

Munich, Germany

Xempus AG, the German market leader in the digitalization of corporate pension & life insurance.

Revenue
$12M
Customers
6.9K
Year founded
2007
Funding
$123.3M
Team size
172
Growth
26.8%
7
Covr Financial Technologies

Hartford, Connecticut, United States

Covr is an "Insurtech" company that provides a digital insurance platform that simplifies the insurance process and makes it easy to protect your loved ones. Through partnerships with financial institutions and other national brands, Covr's embedded technology gives financial advisors and their customers a way to research and purchase life insurance from top-rated companies without the hassles of the traditional process. To learn more, visit www.covrtech.com Covr has also developed a platform for Independent financial advisors. With Covr Pro, independent advisors have all the tools they need to increase their sales, reduce cost, and maximize compensation. To learn more, visit www.covrpro.com. Covr is backed by leading venture capital firms: Allianz Life Ventures, Aflac Ventures, Nyca Partners, Commerce Ventures, Connectivity Capital Partners Contour Venture Partners and Sony IGV. Offices: Boise, ID and Hartford, CT. To learn more, visit www.covrtech.com

Revenue
$10.8M
Customers
-
Year founded
2016
Funding
-
Team size
98
Growth
-

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.

Life Insurance Policy Administration Systems SaaS Companies | GetLatka