PolicyFly

PolicyFly is a software platform for the specialty and excess & surplus (E&S) insurance market. It positions itself as a "growth platform for specialty insurers," replacing multiple disconnected systems with a single engine that ingests, underwrites and administers submissions. The product is organized into six modules: Capture (digitizing submissions arriving by email, API or an agent-facing portal), Underwrite (an underwriting workbench that enriches submissions with third-party data, supports collaboration and generates quote options with configurable coverages, deductibles and perils), Manage (processing endorsements/MTAs including out-of-sequence changes, with traceability from inception through renewal), Automate (rules- and rating-driven straight-through processing plus automated issuance of documents, certificates, endorsements, tasks and bordereau reports), Measure (reporting on submission queues, bind rates, aggregates and claims-linked risk performance) and Integrate (bringing third-party data in and pushing PolicyFly data to downstream or partner systems).

The company describes its market as the roughly $200B of specialty insurance — lines such as cyber, flood and trucking — that is processed over email between agents and insurers each year, and its stated aim is to connect both parties, automate those workflows and consolidate the resulting data. Lines of business highlighted on the site are transportation, property, liability and cyber. Third-party listings describe PolicyFly as a property and casualty policy management platform with a configurable rating system, document-data ingestion, no-code configuration and API connectivity for real-time pricing and data sharing.

Security claims on the company site include SOC 2 Type II compliance, TLS-only transport, encryption of data at rest and in transit, and two-factor authentication for all users.

Founding story

According to the Y Combinator profile, CEO and co-founder Cory Crosland previously ran a digital product studio, Croscon; after a fourth insurance company asked the studio to build the same custom platform, the team decided to build it as a product, which became PolicyFly.

Business model

PolicyFly sells its platform to specialty insurance organizations — MGAs, MGUs, program administrators, coverholders, syndicates and carriers — as configurable core insurance software covering the policy lifecycle. Sources do not disclose pricing or contract structure.

Not disclosed in the available sources; the company offers a demo-led enterprise software product rather than a publicly listed price.

Traction

PolicyFly stated it had processed over $1B in specialty premium as of its July 2024 seed announcement. The Y Combinator profile lists a team size of 30 and active status. Named customer references on the website include Shepherd Compello Ltd and AssuredPartners, with a customer quote citing submission handling that previously took 20+ minutes being automated to seconds.

Latest developments

Recent company news posts cover a New York Times feature on AI and the future of work referencing PolicyFly, commentary on technology for startup MGAs, and content on attracting trucking submissions; partnerships with Functional Finance and Green Shield Risk Solutions were announced in 2025.