PolicyFly

PolicyFly, formerly known as PolicyFly, Inc., operates primarily from New York, NY, with a fully remote team of 15 members. As a participant in the Y-Combinator W22 batch, the company focuses on the fintech sector, specifically within the insurance sub-industry. PolicyFly’s platform is designed to empower insurers to sell and manage specialty insurance quickly, reducing the time from weeks to minutes. It automates workflows and consolidates data, targeting a $200 billion market in specialty insurance areas. The platform offers comprehensive policy management, automated programs, seamless distribution, and enhanced service capabilities. Key features include automated submissions for agents, data-driven underwriting, and the ability to rapidly launch new programs. PolicyFly integrates with third-party data sources and APIs to streamline applications and improve underwriting decisions. It supports both admitted and non-admitted programs for US and London-based markets, facilitates ‘one-click’ renewals, and provides real-time tracking of retention, loss, and bind ratios. Additionally, the platform includes gamification elements for agents and enables real-time comparisons of incoming submissions with the current book of risk. PolicyFly is committed to continuous scaling and evolution by leveraging ongoing technological innovations.