Insicon AB

Based in Sweden, Insicon AB delivers innovative software solutions that streamline insurance operations, helping clients optimize their policy management processes and enhance operational efficiency. Insicon AB, founded in 2009 in Stockholm, Sweden, specializes in providing software solutions for the insurance industry. The firm has completed 1 deal, with its most recent funding round occurring on June 19, 2025, when Knowit AB invested SEK 35 million through an Add-on round. Insicon specializes in providing a comprehensive insurance platform known as Insicon i2i, which is designed to enhance policy management and automate various insurance operations.

Released in 2009, i2i serves a diverse clientele within the insurance ecosystem, including Risk Carriers, Brokers, and Managing General Agents (MGAs). The platform enables these stakeholders to innovate and streamline their operations while minimizing the need for extensive IT projects. Key functionalities include a user-friendly Policy Administration System that allows rapid configuration of Property and Casualty (P&C) insurance products, an integrated Marketing & Sales Module for campaign management, and a Claims Handler interface designed to facilitate effective claims processing. Insicon i2i is marketed across various geographical regions, with a strong presence in Europe, particularly in Sweden, where it supports the growth of insurance businesses by providing a flexible and adaptable solution.

Insicon's revenue generation model is anchored in subscriptions and partnerships with insurance entities that utilize its i2i platform. Transactions between Insicon and its clients typically involve licensing fees for the use of the i2i platform, with specific pricing plans structured around the features and modules selected by the customer. The platform’s capabilities, including billing and collection modules, claims processing, and policy administration, create value for clients by streamlining their operational workflows. Clients benefit from advanced tools for automation and integration, which facilitate a seamless user experience and operational efficiency.

This transactional structure underscores Insicon’s focus on providing tailored solutions that meet the evolving needs of the insurance industry. In June 2025, Knowit AB agreed to fully acquire Insicon AB for SEK 35 million, with a potential earn-out estimated at 50 MSEK. This acquisition is intended to enhance Knowit's position in the fintech sector, particularly within the banking, finance, and insurance markets by leveraging Insicon's platform-based consulting offerings. Future growth initiatives will likely involve launching new products tailored to these sectors, as well as expanding into additional geographical markets.