Insurance Systems Inc.
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Insurance Systems Inc. - overview
Established
1997
Location
Toronto, ON, Canada
Primary Industry
Software
About
Founded in 1997 and based in Ontario, Canada, Insurance Systems Inc. operates as a provider of software solutions and consulting services to the property and casualty insurance industry. In June 2024, NexPhase Capital invested in Insurance Systems Inc. As of 2024, the company is led by its president and CEO, Casey Kretz.
The company specializes in delivering modern IT solutions for Property & Casualty (P&C) insurers. The firm enables insurers to implement new products and adapt to business changes without extensive software development. Insurance Systems’ enterprise platform supports cloud-based deployments and offers agile software development, integration support, and implementation services. In addition, ISI Cargo is a web-based certificate software that allows carriers to create an online marketplace where their brokers and insureds can issue their own certificates based on rules and parameters set up by the underwriters.
Current Investors
NexPhase Capital, AssuredPartners, Inc.
Primary Industry
Software
Sub Industries
Reinsurance, Claims Administration & Processing, Accounting/Finance Software, Analytics & Performance Software
Website
www.insurancesystems.com/
Verticals
InsureTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Insurance Systems Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Insurance Systems Inc. | - | ||||||||
| Add-on | Completed | Insurance Systems Inc. | - |
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