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Top 18 Underwriting & Rating Software SaaS Companies in May 2026

As of May 2026, there are 18 SaaS companies in Underwriting & Rating Software. They have combined revenues of $237.2M and employ 1.1K people. They have raised $163.7M and serve 750 customers combined.

Underwriting & Rating Software comprises specialized tools aimed at assisting insurance providers and financial institutions in evaluating risks and determining policy pricing. These solutions facilitate the assessment of various factors, such as applicant information, historical data, and market conditions to ensure precise underwriting decisions. Typical workflows include data gathering, risk assessment, pricing determinations, and policy issuance. The features often encompass automation of decision-making processes, machine learning capabilities for enhanced accuracy, and compliance checks. This software is essential for underwriters, actuaries, and risk managers who require efficient and reliable methods to manage underwriting tasks and rating procedures. Additionally, these tools are designed for integration with other enterprise systems, enabling smooth data exchange. Common buyer personas include insurance underwriters, actuaries, and IT professionals seeking to optimize the underwriting process.

Companies
18
Revenue
$237.2M
Funding
$163.7M
Employees
1.1K

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Top Underwriting & Rating Software Companies

Showing 10 of 4 companies ranked by annual revenue.

1
iCede

Liverpool, England, United Kingdom

iCede is a software development company focused on systems for the insurance industry. We are located in Liverpool, United Kingdom. Our flagship product, also called iCede, is a state-of-the-art system designed for insurance companies to facilitate the placement of multinational insurance programmes with their network of insurance partners around the globe. iCede manages the end-to-end process of 'fronting' where fronting insurer issues a policy in their local market based on the instructions and price set by another insurer that has an exposure to cover in a market where they are not permitted to write business, and thus utilise the services of the fronting insurer. We have designed from the ground-up a system to facilitate this niche business which encompasses all aspects of underwriting, claims, reinsurance and service management that an insurer needs to have a complete proposition for this commercial insurance sector. Please visit our website at www.icede.co.uk for more inform

Revenue
$826.6K
Customers
-
Year founded
2012
Funding
-
Team size
6
Growth
10.83%
2
Nuon AI

United Kingdom

Welcome to the world’s first API-connected AI pricing platform, delivering insurance product growth for insurers, brokers and MGAs globally. Nuon AI’s real-time AI pricing solves 3 distinct problems for insurance organisations, enabling peak product performance across both new business and renewals. 1. Increase...

Revenue
$660K
Customers
-
Year founded
2020
Funding
-
Team size
6
Growth
-
3
House of Insurtech

United States

The House of Insurtech is a specialist insurance technology and data firm based in the City of London. We specialise in insurance platform, rating technology and data enrichment solutions that 'make insurance easier' for your customers. We service InsurTechs, insurers, MGAs and brokers and our people are insurance experts who understand the needs and goals of insurance businesses across digital, pricing & underwriting, and analytical disciplines. Our Insurforce platform is built to give your customers the best insurance experience possible. We deliver digital quote and buy, policy administration, claims and renewal pricing functions across the entire insurance lifecycle. QUBAPI is our state of the art rules based expert underwriting and pricing engine that delivers insurance quotes based on data about a risk. The engine sits in the cloud and is triggered by an API call. Our next gen microservice architecture, delivered via APIs and rapid delivery processes gives a competitive edge in speed to market, superior customer experience and unrivalled flexibility.

Revenue
$330K
Customers
-
Year founded
2018
Funding
-
Team size
3
Growth
-
4
Driveway

San Mateo, California, United States

Driveway is a robust, smartphone-deployed, cloud-based technology that provides auto insurers with comprehensive insured driving data for better pricing intelligence – maximizing the opportunity for lower loss ratios and higher profits. On July 22, 2021, it was announced that Driveway Software Corporation’s assets were acquired by Earnix, Inc., a global provider of advanced rating, pricing, and product personalization solutions for insurers and banks.

Revenue
$330K
Customers
-
Year founded
-
Funding
-
Team size
3
Growth
-

Inclusion Criteria

- The software must facilitate risk assessment and evaluation in insurance applications. - It should include features for automating decision-making and improving efficiency. - Capabilities to process and analyze large sets of data are required. - The solution must support pricing and rating tools for insurance policies. - Not just for underwriting; must also include rating functionalities. - Integration with other data systems and compliance tools is essential. - User roles targeted include underwriters, actuaries, and risk management professionals.