India builds a large share of the software the world's insurers run on. Guidewire builds its core insurance suite in Bengaluru, Vertafore and Applied Systems build their agency software in Hyderabad and Bengaluru, Zinnia builds its life insurance platforms in Delhi NCR, and the rules that American health plans use to check medical bills are built in Hyderabad. Indian insurance itself appears here through companies like Policybazaar.com, Acko and the group health platforms Plum, Onsurity and Loop.
For an engineer, insurance work is rules work. A single policy carries pages of conditions that the code has to apply exactly, a claim has to be checked against them before money moves, and the core systems that hold it all are large, long-lived and carefully changed. Much of this work is also where language models are now arriving, since policies, claims and underwriting files are long documents full of rules.
Insurtech is one of the Industry Verticals of
The Market Segments follow a policy through its life, from the system that writes it to the ways it is sold, the claim that is paid and the insurers built as software companies.
The systems that write the policy, bill for it and pay the claim come from companies like Guidewire Software, Duck Creek Technologies, Majesco, Sapiens and Zinnia.
The software an agent or broker sells business insurance from is built by companies like Vertafore, Applied Systems and Zywave.
The data and models that decide what to charge and what to pay come from companies like Verisk, Cambridge Mobile Telematics and Riskonnect.
Websites and apps where a buyer compares policies and buys one online are run by companies like Policybazaar.com, Ditto Insurance, Plum and Onsurity.
Insurance offered inside another product, like a screen protection plan at a phone checkout or travel cover on a flight booking, comes from companies like SureBright, Mulberri and Asego.
The back office of the American health plan, where every medical bill is checked and paid, runs on software from companies like Cotiviti, Zelis, Lyric and Evolent.
Insurers built as software companies, selling and settling claims through an app, are here, like Acko, Ethos and Wrisk.
What insurtech companies hire software engineers for, and which roles they hire, is on