About
Insillion is a comprehensive insurance software platform built specifically for insurance carriers and Managing General Agents (MGAs). It enables insurers to fast-track product launches using familiar Excel-based rater tools, convert Rater-Excels into APIs without heavy development work, and configure rating changes rapidly with low-code tooling — reducing time-to-market from months to weeks. Key capabilities include an Underwriting Suite that accelerates the quote-to-bind cycle with pre-integrated risk data, AI-integrated workflow automation for submission intake, triaging, enrichment, and claims FNOL, and out-of-the-box distribution APIs with producer portals supporting B2B, embedded, and B2C channels. Insillion also supports parametric insurance products with event-driven, trigger-based logic. The platform serves both large enterprise carriers and lean MGAs through flexible deployment options: greenfield implementations, modular add-ons that integrate with existing core systems, and fully hosted or BYOC (Bring Your Own Cloud) setups. MGAs can start with a 180-day commitment-free sandbox and scale with a pay-as-you-grow model. Trusted by carriers and MGAs worldwide — including Royal Sundaram and ECICS Insurance — Insillion has facilitated billions in GWP underwritten. It is ideal for insurers looking to modernize operations, reduce IT dependency, and achieve faster distribution connectivity without replacing their entire tech stack.
Key Features
- Fast Product Launch: Launch new insurance products in weeks using existing Rater-Excels and low-code configuration tools, drastically cutting time-to-market.
- Excel to API: Convert existing Rater-Excel files directly into production-ready APIs, enabling rapid distribution without heavy development effort.
- Underwriting Suite: Accelerate the quote-to-bind process with automated submission intake, triage, enrichment, and pre-integrated risk data sources.
- AI-Integrated Workflows: Automate submission and claims FNOL processes with AI-powered workflows for faster, more consistent underwriting decisions.
- Distribution Connectivity: Out-of-the-box APIs and branded producer portals enable seamless B2B, embedded, and B2C insurance distribution for partners and customers.
Use Cases
- Launching new insurance product lines in weeks using Excel-based rater tools without heavy IT development cycles.
- Automating end-to-end submission intake, triaging, and claims FNOL with AI-integrated workflows to improve underwriting speed.
- Enabling distribution partnerships through out-of-the-box APIs and branded producer portals for B2B and embedded insurance channels.
- Building and deploying parametric or event-triggered insurance products for innovative coverage offerings.
- Modernizing legacy carrier or MGA technology by deploying Insillion modules alongside existing core systems to reduce TCO and increase agility.
Pros
- Rapid time-to-market: Excel-based tooling and low-code configuration allow insurers to launch new products in weeks rather than months with minimal IT involvement.
- Flexible deployment options: Supports greenfield launches, modular add-ons to existing systems, and full enterprise integrations — making it adaptable for any insurer's architecture.
- Risk-free sandbox for MGAs: A 180-day commitment-free sandbox lets MGAs fully test and build before committing, reducing the risk of adoption.
- Proven at scale: Trusted by global carriers and MGAs with billions in GWP underwritten, demonstrating enterprise-grade reliability.
Cons
- Insurance-specific focus: The platform is purpose-built for the insurance industry, making it unsuitable for businesses outside carriers, MGAs, or related insurance operations.
- Enterprise-oriented pricing: While a sandbox is available, full platform pricing is geared toward mid-to-large insurance organizations, which may be cost-prohibitive for very small MGAs.
- Limited public pricing transparency: Pricing details are not publicly listed and require direct engagement with the sales team, which slows evaluation for smaller teams.
Frequently Asked Questions
Who is Insillion designed for?
Insillion is built for insurance carriers (including enterprise and global carriers) and Managing General Agents (MGAs), MGUs, and Program Administrators seeking to modernize their technology stack and accelerate operations.
How quickly can I launch a new insurance product on Insillion?
With Insillion's Excel-based rater tools and low-code configuration, insurers can typically launch new products in weeks rather than the months required by traditional development approaches.
Is there a free trial available?
Yes. MGAs can access a 180-day commitment-free sandbox to test, build, and validate their insurance products before committing to a paid plan.
What deployment models does Insillion support?
Insillion supports three deployment models: greenfield implementations for new product launches, modular deployments to augment existing core systems, and full enterprise integrations alongside legacy platforms. Both hosted and BYOC (Bring Your Own Cloud) options are available.
Does Insillion support parametric insurance products?
Yes. Insillion includes a Parametric Solutions module that allows insurers to create event-driven, trigger-based insurance products, enabling innovative coverage structures beyond traditional indemnity models.
