Insuresoft Among Cloud Top 500

1701 N. McFarland Blvd.

Tuscaloosa, AL, 35406, United States

1 866-870-4387

https://www.insuresoft.com/

1272

Insuresoft Strengths, Domain Expertise, and Key Differentiators

Insuresoft offers a fully integrated policy, billing, and claims-processing platform. Insuresoft’s Diamond Enterprise Insurance Platform is in production in over 50 insurance companies and MGAs across all 50 states, processing $3B in personal and commercial lines premiums annually. The platform is scalable, configurable, and cost-effective. Insuresoft is privately held and is a member of the Kaboodle Team – a collaborative network of P&C insurance software and service providers.

Insuresoft Recent Developments

In August 2021, Insuresoft added CARFAX vehicle history information to its pre-integrated solutions for auto insurers. CARFAX, owner of the world’s largest vehicle history database, provides crucial vehicle history data to hundreds of insurers. This predictive data can be instantly accessed through the Insuresoft core platform, providing insurers additional datapoints to accurately underwrite and price personal and commercial auto insurance risks.

Insuresoft Mergers and Acquisitions (M&A) Activities

In November 2019 Volaris Group acquired Insuresoft. The acquisition includes Insuresoft’s flagship product, the Diamond System, a digital insurance platform comprised of policy, billing, claims, and analytics modules that are utilized by property and casualty insurers. In keeping with Volaris’ philosophy of acquiring, strengthen and grow, Insuresoft maintains its brand and independence with support, coaching and best practices from Volaris.

Insuresoft Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Insuresoft applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Insuresoft and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Diamond Platform customers.

Insuresoft Overview

Ownership: - Volaris Group

Number of Employees: 150

Functional Markets: Analytics and BI, ERP Services and Operations Management,

Key Verticals: P&C Insurance,

Insuresoft Key Enterprise and Cloud Applications

Diamond Platform

Insuresoft Revenues, $M:

Type/Year20202021YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Insuresoft Revenue Breakdown By Type, $M:

TypeLicenseProf. ServicesHardwareSupport & MaintenanceSaaSPaaSIaaSOther (Non Enterprise Application Revenues)Total
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

Insuresoft Revenues By Region, $M

Region% of Total Revenues2021 Total Revenues, $M2021 Enterprise Applications Revenues, $M2021 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

Insuresoft Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

Insuresoft Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Insuresoft Customers


No. of Insuresoft Customers: 50

No. of Insuresoft Enterprise Applications Customers: 50

No. of Insuresoft Cloud Customers: x

No. of Insuresoft Cloud Subscribers: x


Over 50 P&C insurers trust the Diamond Platform. Among Insuresoft customers are: Southern Trust, AFA Insurance, AG Workers Insurance, AmShield Insurance, Armed Forces Insurance, Buckeye Insurance Group, Falcon Insurance Group, FIGO Pet Insurance, Grange Insurance, Indiana Farmers Mutual Insurance Co., Lighthouse Insurance and many others.

Insuresoft Market Opportunities, M&A and Geo Expansions

Insuresoft lauched a BI Dashboard provided as an extension to the Diamond Platform. The platform allows Insuresoft’s clients to run both operational reporting and high-speed analysis on the data warehouse simultaneously.

Insuresoft Risks and Challenges

Insuresoft's future lays in the decisions of Volaris Group.

Insuresoft Ecosystem, Partners, Resellers and SI

In June 2021, Insuresoft expanded integrations between One Inc’s digital payments platform for both inbound premium payments and outbound claims payments.

Insuresoft is a member of the Kaboodle Team, an insurance collaborative that delivers innovative products and services to insurers, enabling insurtech startups to merge offerings with established vendors. Amongst other partners there are: insured.io, Splice, SVIA, Verisk, TransUnion, Polk, Prelude Software, CCC Insurance Carriers, Metropolitan Reporting Bureau, e2Value, NAMIC, IASA, PCI, Perr&Knight, Marias Technology, IVANS Insurance Solutions, LexisNexis, DocuSign, Microsoft, and HazardHub.

Insuresoft Cloud Infrastructure Insights

Subscribe to read more about:

  • Insuresoft Public Cloud and Infrastructure (IaaS)
  • Insuresoft Platform (PaaS)
  • Insuresoft Application Delivery
  • Insuresoft Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.


Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).


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