Insurance & InsurTech
Technical Due Diligence
Insurance companies acquiring technology capabilities, InsurTech platforms, or modernizing core systems need assessment that understands policy administration, claims processing, actuarial systems, and regulatory requirements.
Technology Assessment for Insurance M&A
Insurance technology is at an inflection point. Legacy policy administration systems, modern InsurTech platforms, AI-powered underwriting, and digital distribution are reshaping the industry. Technology due diligence for insurance acquisitions requires understanding both traditional insurance systems and emerging digital capabilities.
Insurance Technology Experience
Insurance Technology Focus Areas
We assess technology across the insurance value chain:
Policy Administration
Core policy systems, product configuration, billing, and policy lifecycle management
Claims Management
Claims intake, processing, adjudication, and payment systems
Underwriting Systems
Risk assessment, pricing engines, and automated underwriting platforms
Distribution
Agent portals, direct-to-consumer platforms, and embedded insurance
Actuarial & Analytics
Reserving systems, predictive modeling, and actuarial workbenches
Customer Experience
Policyholder portals, mobile apps, and digital service capabilities
Core System Assessment
Insurance core systems are critical and complex:
Legacy Systems
- Mainframe and COBOL dependencies
- Data model complexity
- Business rule documentation
- Integration architecture
- Modernization requirements
Modern Platforms
- API-first architecture
- Cloud deployment readiness
- Configuration vs. customization
- Vendor ecosystem
- Time-to-market for products
InsurTech Platform Evaluation
For InsurTech acquisitions, we assess modern capabilities:
- Digital Distribution: Online quoting, binding, and policy issuance
- Data & Analytics: Alternative data sources, ML models, and predictive capabilities
- Claims Innovation: Digital FNOL, AI-assisted claims, and straight-through processing
- Customer Experience: Mobile apps, chatbots, and self-service capabilities
- API Ecosystem: Integration capabilities and embedded insurance enablement
Regulatory & Compliance
Insurance technology must meet extensive regulatory requirements:
State Filing Systems
Product filing, rate approval, and form management capabilities
Statutory Reporting
Regulatory reporting, NAIC requirements, and state filings
Data Privacy
CCPA, state privacy laws, and insurance-specific data requirements
Model Governance
Underwriting model compliance, fairness testing, and documentation
Data & Analytics Capability
Insurance is increasingly data-driven:
- Data Assets: Policyholder data, claims history, and third-party data
- Analytics Maturity: Descriptive, predictive, and prescriptive capabilities
- ML/AI Models: Underwriting, claims, and fraud detection models
- Data Governance: Quality, lineage, and compliance management
Navigate Insurance Technology Complexity
From legacy policy systems to modern InsurTech, we provide the expertise your insurance deal requires.