PolicyFly is a modern platform that empowers insurers to sell and manage specialty insurance products—including Cyber, Flood, and Trucking insurance—much faster by automating and streamlining workflows between agents and insurers. PolicyFly replaces the traditional, email-driven process of handling specialty insurance with connected, automated tools, allowing data consolidation and reducing the time needed to issue or manage policies from weeks to just minutes.
PolicyFly’s technology is purpose-built for the specialty insurance market, which historically relies on manual processes and fragmented communication. The platform automates underwriting tasks, document management, and data entry, supporting growth and improving transparency in hard-to-insure markets. By centralizing information and workflow, PolicyFly helps insurers and agents increase efficiency and reduce errors.
They primarily serve insurance carriers, managing general agents (MGAs), and brokers who are focused on specialty insurance lines. The platform is especially valuable for organizations looking to digitize legacy processes and improve collaboration throughout the insurance lifecycle.
What technology enables PolicyFly?
PolicyFly leverages workflow automation and modern cloud-based infrastructure to connect agents and insurers in real time. The platform automates repetitive manual tasks, such as data collection, underwriting, and policy issuance, which traditionally occurred over email. This not only accelerates the speed to issue and manage policies but also provides a single source of truth for all data related to specialty insurance.
Who are PolicyFly’s competitors?
PolicyFly operates in the specialty insurance workflow automation and insurance technology (insurtech) space. Key competitors and alternative platforms include:
- Decisions: Specializes in automating specialty insurance workflows outside of legacy systems.
- Feathery: Focuses on automating underwriting tasks, including data collection and risk scoring.
- Cflow: Provides automation for insurance claims workflows and document management.
- Sharefile: Offers workflow automation to reduce manual data entry and errors.
- Creatio: Automates the insurance claim lifecycle and enforces efficient digital workflows.
- FIS Global: Delivers business process management and automation for insurers.
- Moxo: Provides software-driven workflow automation for insurance processes.
- HighGear: Focuses on insurance workflow automation technology to speed up delivery.
- Appian: Provides workflow automation tools and best practices for insurers.
- Multimodal: Uses advanced tools, including AI, to streamline insurance workflows.
These platforms vary in their approach and specialization, but all seek to modernize and automate insurance operations. PolicyFly distinguishes itself with a particular focus on specialty insurance lines and consolidating the entire workflow between agents and insurers.
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