Best Insurance IT Companies in New Jersey, United States

Intelligent automation solutions for life and disability insurance claims processing. The company provides intelligent technology solutions for the life and disability insurance vertical. It digitizes and automates the claims journey, from intake to adjudication, improving claim handle time. The company helps insurers free up valuable human resources to focus on improving customer experience and making informed claim decisions. Its technology suite empowers insurers to triage claims, vet risk management options, save on interest expenses, create straight-through processing opportunities, leverage data via online portals, and create digital claimant profiles to achieve informed, consistent, repeatable, defensible, and objective claim decisions. The company utilizes next-gen robotics (RPA), intelligent barcoding/OCR, machine learning (ML), and digitization. It offers cloud-based technology with real-time API integration solutions and an online document submission portal.

Funding rounds

• Mar 2025Conventional Debt$15M

Founders & team

Thomas CapatoCEO & Cofounder

Investors

SilverView, KDC

Insight Catastrophe Group provides web-based solutions for property insurers. It features solutions for policy management & processing, risk management, portfolio management, and online quoting. It offers Insight Analytics Cloud for underwriting and risk assessment solutions.

Funding rounds

• Feb 2022Series B$20M

Founders & team

Terrence McLeanCEO & President

Tech stack

Cart FunctionalitySquarespace CommerceSquarespaceStimulusPriority HintsGoogle Font Api

AI-based claims management platform for the auto insurance industry. It uses computer vision and deep machine learning technologies to provide first notice of loss, repair estimate, salvage bid & parts analysis. It also provides a mobile app for claims and a customizable API for integration with client's systems.

Funding rounds

• Oct 2021Series A$6.1M
• Jul 2020Series A$2.2M
• 2018Seed$2.3M

Founders & team

Raj PofaleFounder & CEO

Investors

Financial Link, Siri Info Solutions, InsurTech NY

Tech stack

Animate.CssBootstrap IconsCdnjsCloudflareCloudflare Bot ManagementCloudflare Turnstile

Life insurance policy sell and customer relationship management solutions for the insurance industry. It offers a life insurance policy to sell, insurance administrations, insurance quoting, and more. It also offers business management solutions.

PHX combines claim processing automation with professional services to deliver a centralized approach to cost management. PHX services include data analytics, benchmarking, predictive modeling, PPO network management, out-of-network negotiations, claims to edit, and clinical bill review and audit. The firm’s solutions are used by the industry’s leading insurance companies. Through its Pay-Plus Solutions (PPS) division, the company delivers electronic payments and explanation of payments to healthcare providers. The platform is designed for healthcare that combines banking functions, claim payments, and claim remittance and integrates with traditional paper processes.

Visual collaboration platform for claims, risk, and service solutions. They provide a Software-as-a-Service (SaaS) platform that enables businesses to capture visual evidence, quantify risk, and deliver instant support remotely. Their app-free mobile web interactions simplify the virtual customer experience, offering a seamless and secure way to engage users on iOS and Android. The platform integrates with IVR systems and web portals, providing scalable photo-video capture and live video capabilities. They streamline claims, risk assessment, and technical support processes, delivering operational efficiencies across various lines of business. The platform offers programmable visual surveys to automate data capture and provide self-service options. They are ready for Guidewire, enhancing customer service for insurance carriers through remote damage claim inspections using Web Vision tools. This is a B2B tech company.

ExtraordinaryRe is a platform for daily trading of insurance liabilities. It offers access to a new asset class with positive alpha and low correlation for traders. For reinsurance, it provides ability to transfer a full range of riskclasses to capital markets investors. It offers access to the capital markets for risks that are not supported by actuarial models.

Certrax Risk Compliance Solution provides cloud-based third-party risk management solution for enterprises to manage their operational risks, reduce costs and ensure compliance. The product offers conflict of interest (COI) compliance management, contract management, advanced intelligent compliance engine, project management and government compliance solution (Pertrax). It provides users with real-time picture of compliance so that the enterprises will know where their actual risk lies and can take steps to mitigate these risks.

Funding rounds

• Apr 2016Seed—
• Jan 2016Seed$1.4M

Founders & team

Brian OKeefeCo-Founder & CEORobert MitchellCo-Founder & COO

Investors

WorldQuant Ventures

MapleTech provides cloud-based P&C insurance administration solutions to businesses. It offers Aspire Policy for policy administration and product management, rule-based billing solution, Aspire Claims for claim processing, and underwriting solution.

Funding rounds

• Apr 2020Conventional Debt$147K

Founders & team

Matthew BlackleyPresident & CEO

Tech stack

Windows ServerBootstrapMicrosoft Asp.NetIisJqueryIubenda

Provider of risk assessment, analytics, and data solutions for insurance. The company offers AI-powered risk modeling, deep data sets, and advanced technology tools to help insurers assess, price, and manage risk throughout the policy lifecycle. Solutions cover areas such as catastrophe risk modeling, property and specialty risk analysis, and supply chain management. Additional services include market intelligence, claims management support, compliance tools, and workflow automation for insurance carriers and agents. The platform facilitates real-time data access, customized customer experiences, and quantification of emerging and interconnected risks. The company also supports remodeling, portfolio management, and entry into new markets, delivering insights across the global insurance value chain.

Founders & team

Bruce HansenChairmanKenneth ThompsonExecutive Vice PresidentLee ShavelExecutive Vice President and Chief Financial Officer

Investors

Vaughan Nelson Investment Management, Europa, OnRamp Insurance Conference, Northern Trust, Vontobel

Tech stack

6SenseAdobe AnalyticsAdobe Experience Platform Identity ServiceAdobe Experience Platform LaunchAmazon CloudfrontAmazon S3

Conner Strong & Buckelew provides insurance and risk management solutions for real estate, architects, construction, education, health, hospitality, gaming, manufacturing, life sciences, etc. It offers claim management solutions and services for P&C insurers. Also offers employee benefits administration and HR automation solutions.