Best insurance compliance software – the ultimate list

November 2021

FinTech is a very demanding field for doing business. One of the most challenging issues out there is compliance, which is basically staying in line with both local and global requirements. Many institutions expect companies to obey the law and they enforce it when new digital products enter the market. Insurance compliance software helps companies to meet these requirements and do business headache-free. Here’s a list of software you may want to consider.

What counts as insurance compliance software?

Before we give you the list, let’s take a second and think about what insurance compliance software is. The question is valid, since there are applications that don’t meet the requirement. The basic idea is that the application needs to be helpful, so there’s a short list that specifies the outcome. Insurance compliance software:

  • has tools to manage different compliance policies and processes. You need to have constant access to information and changing conditions;
  • provides audit trails for compliance officers, giving them a solid background for their paperwork;
  • offers insurance-specific regulatory intelligence capabilities.

These requirements will give you some insight into what you need to expect and demand from already existing marketing solutions. However, if you can’t find anything that suits your specific needs, you may want to consider insurance software development services.

The criteria for successful insurance compliance software

When you think of good insurance compliance software, the first thing that comes to mind can be “help”. This type of application should serve as a management tool as well as a precise assistant that dictates the process of software development and managing an ever-changing legal environment.

Because of that, look for applications that really have what it takes. A simple checklist for already implemented policies will do but things like incident and complaint management, regulatory intelligence tracking, workflow reporting, and export of implemented features would go a long way. 

Efficient insurance compliance software will help you guide the entire process of making the product. As an extension, it will save you money. When it comes to paying fines, the right choice in the field of insurance compliance software will guard you. Compliance means security – for you and the end-user.

The list of insurance compliance products

1
250+ Employees
University Park, United States
Est. 1983
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Applied Epic

250+ Employees
University Park, United States
Est. 1983
Applied Epic is the industrys most technologically advanced, flexible and secure cloud-based agency management system, providing powerful automation capabilities and a greater level of visibility across an entire book of business. The system offers a single, open application with integrated capabilities to efficiently manage customer relationships, policy and benefits administration, sales automation, and financial accounting processes.
Specialities
  • Software Development
  • Agency Management Software
  • Brokerage Management Software
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2
250+ Employees
Tysons, United States
Est. 2017
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CyberLife

250+ Employees
Tysons, United States
Est. 2017
CyberLife is a Web-enabled, n-tiered system that provides cost-effective administration of life and annuity products.
Specialities
  • Insurance BPaaS
  • Analytics and Engineering
  • IT Outsourcing
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3
250+ Employees
Minneapolis, United States
Est. 1969
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Datacard Data Production and Process Management (DPP)

250+ Employees
Minneapolis, United States
Est. 1969
Help secure credential issuance programs reach full production speed more quickly with Datacard Data Production and Process Management (DPP) software. Whether you are managing a start-up or enhancing an existing program, this software enables fully integrated control over the data required for personalization and post-production activities.
Specialities
  • Trusted Identities
  • Secure ID Solutions
  • Card Personalization Systems
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4
250+ Employees
San Francisco, United States
Est. 2009
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Hearsay

250+ Employees
San Francisco, United States
Est. 2009
Hearsay Systems is reinventing the human-client experience in financial services. The Hearsay Client Engagement Platform empowers over 200,000 advisors and agents to authentically and intelligently grow business relationships by proactively guiding and capturing the last mile of digital communications. The world’s leading financial firms—including Allstate, New York Life, Morgan Stanley, and Charles Schwab—rely on Hearsay’s SaaS platform to scale their reach, optimize sales engagements, and deliver exceptional client service in a consistent and compliant manner. Hearsay is headquartered in San Francisco, with locations throughout North America, Europe and Asia.
Specialities
  • Predictive Analytics
  • Financial Services
  • Social Business
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5
250+ Employees
Tampa, United States
Est. 1983
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IVANS Translations

250+ Employees
Tampa, United States
Est. 1983
Effectively translate and distribute policy-related data directly into your partners’ management systems in ACORD format.
Specialities
  • Network and Data Solutions
  • Cloud-based Software
  • Commercial Insurance Software
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6
250+ Employees
Alpharetta, United States
Est. 2005
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LexisNexis Member Login

250+ Employees
Alpharetta, United States
Est. 2005
The LexisNexis WorldCompliance Online Search Tool enables you to manually screen prospective clients and perform enhanced due diligence.The Online Search tool product allows users to perform initial due diligence by screening potential clients, agents and business partners through the industry-leading LexisNexis® WorldCompliance database. Containing more than 2.5 million detailed profiles, the database helps clients detect individuals, organizations and vessels linked to more than 50 risk categories; including: Sanctions, Foreign Officials, and State Owned Enterprises.
Specialities
  • Web Fraud Prevention
  • Malware Detection and Prevention
  • Authorize Payments and Transactions
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7
250+ Employees
Holland, Netherlands
Est. 1972
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MessageBroker for Insurance

250+ Employees
Holland, Netherlands
Est. 1972
BluJay Solutions delivers supply chain software and services to the world‚ most progressive retailers, distributors, freight forwarders, manufacturers, and logistics service providers.
Specialities
  • Supply Chain Management
  • Logistics Software
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8
250+ Employees
Leinfelden-Echterdingen, Germany
Est. 1980
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Msg Life

250+ Employees
Leinfelden-Echterdingen, Germany
Est. 1980
Msg Life provides digitalization, big data analytics, in-force management, and regulatory compliance to insurance companies.
Specialities
  • Life Insurance
  • Software for Insurance Companies
  • Pension
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9
250+ Employees
Austin, United States
Est. 1977
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Oracle Insurance Compliance Tracker

250+ Employees
Austin, United States
Est. 1977
Provides insurers with end-to-end automation of state filings, a robust reporting module for instantaneous reports, a centralized repository to manage forms, and seamless integration with SERFF.
Specialities
  • Business Intelligence
  • Database
  • Server and Storage Systems
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10
250+ Employees
Lafayette, United States
Est. 1986
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Risk Management Center

250+ Employees
Lafayette, United States
Est. 1986
With Risk Management Center, you’ll stand out from the competition and become your clients’ lasting broker of record—the partner they trust for risk management assistance and guidance.https://www.kpa.io/risk-management-center.
Specialities
  • Human Resource Mangement
  • Sales and Finance Compliance
  • Workplace Safety
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11
250+ Employees
Denver, United States
Est. 1969
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Sircon for Individuals

250+ Employees
Denver, United States
Est. 1969
Allows insurance companies to conduct business with state insurance regulatory departments.
Specialities
  • Connectivity and Rating
  • Artificial Intelligence
  • Agency Management System
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12
250+ Employees
Denver, United States
Est. 1969
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Sircon Onboarding and Compliance

250+ Employees
Denver, United States
Est. 1969
Sircon Onboarding and Compliance easily modernizes an insurers administration of producers. Automate the onboarding of new producers with digital processing that ensures regulatory compliance. Complete self-service automation of additional appointments, renewals, and terminations.
Specialities
  • Artificial Intelligence
  • Insurtech
  • Agency Management System
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13
250+ Employees
Denver, United States
Est. 1969
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Sircon Producer Central

250+ Employees
Denver, United States
Est. 1969
With thousands of producers that are changing all the time, how can you make sure you always have the latest data on hand without spending lots of time doing it? Producer Central is a single-source of truth, serving your organization for all agent and agency data, and keeping it up to date and accurate.
Specialities
  • Artificial Intelligence
  • Insurtech
  • Agency Management System
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14
250+ Employees
Denver, United States
Est. 1969
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VUE Contracting & Compliance

250+ Employees
Denver, United States
Est. 1969
VUE Contracting & Compliance is designed for large distributors (MGA, FMO, IMO, and Brokers) working with multiple insurers who wish to modernize their administration and grow their business. VUE’s once-and-done workflow automates the entire producer management process including producer licensing, contracting, and compliance. It automates the contracting of new producers with digital processing that ensures regulatory compliance, complete self-service automation of additional appointment requests, license terminations, and ongoing product training certification.
Specialities
  • Artificial Intelligence
  • Insurtech
  • Agency Management System
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15
50-249 Employees
Denver, United States
Est. 2018
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AgentSync

50-249 Employees
Denver, United States
Est. 2018
AgentSync is building a frictionless producer management tool that removes barriers to innovation, enables efficiency and scaling, and lets each stakeholder focus on doing their job better. AgentSync tackles all elements of producer management, including: onboarding, contracting, licensing verification & ongoing compliance management.
Specialities
  • Insurance Licensing
  • Producer Management
  • Insurtech
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16
50-249 Employees
Kansas City, United States
Est. 1999
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CertFocus

50-249 Employees
Kansas City, United States
Est. 1999
CertFocus is your trusted partner in delivering the highest level of compliance possible in the certificate of insurance management industry.
Specialities
  • Certificate of Insurance Compliance Services
  • Document Management
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17
50-249 Employees
Lewisville, United States
Est. 2003
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EZLynx

50-249 Employees
Lewisville, United States
Est. 2003
Leading insurance software single platform solutions including the cloud-based EZLynx Rating Engine and EZLynx Management System.
Specialities
  • Insurance Software
  • Cloud-based Software
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18
50-249 Employees
New York, United States
Est. 2017
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Jones

50-249 Employees
New York, United States
Est. 2017
Jones Software is the simplest liability solution ever made for real estate. Find, manage, check compliance, and approve any vendor or tenant – in a matter of minutes, all in one place. No hassles. No costly mistakes. 10 minutes a week.
Specialities
  • Risk and Compliance
  • Insurance Automation
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19
50-249 Employees
Woodinville, United States
Est. 2005
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Quantivate Regulatory Compliance

50-249 Employees
Woodinville, United States
Est. 2005
Quantivate Regulatory Compliance software for insurance companies provides a strong software solution for compliance managers to manage a wide variety of regulatory and compliance processes and ensures accountability throughout the organization.
Specialities
  • Enterprise Risk Management
  • Information Security
  • Regulatory Compliance
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20
50-249 Employees
Bryan, United States
Est. 2001
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SmartCompliance

50-249 Employees
Bryan, United States
Est. 2001
SmartCompliance is the #1 certificate of insurance management software for brokers, insurance consultants, and risk managers. Our easy-to-use certificate tracking software helps insurance professionals streamline their COI processes by automating certificate of insurance tracking and collection, eliminating manual data entry, and ensuring vendor compliance. Mitigate your risk of an underinsured claim by centralizing your tracking process and compliance reporting on one platform.
Specialities
  • Enterprise Software Development
  • Information Technology Services
  • Database Development
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21
50-249 Employees
London, United Kingdom
Est. 2015
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Superscript

50-249 Employees
London, United Kingdom
Est. 2015
Superscript is the first insurance provider to focus 100% on the needs of digital businesses. As digital natives ourselves, we understand their goals, motivations and frustrations better than anybody else. We‚ve rebuilt business cover from the ground up ‚ì leaving our customers to focus on what they do best.
Specialities
  • Business Insurance
  • Insurance for Accountants
  • Employers Liability Insurance
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22
50-249 Employees
Chelmsford, United Kingdom
Est. 1988
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Synergy2

50-249 Employees
Chelmsford, United Kingdom
Est. 1988
Comprehensive underwriting support system for insurance and reinsurance companies.
Specialities
  • Reinsurance Software
  • Treasury Management System
  • Captive Insurance Software
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23
50-249 Employees
Irving, United States
Est. 2005
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Wrap Portal

50-249 Employees
Irving, United States
Est. 2005
Manage the OCIPs/CCIP administration process in a paperless environment.
Specialities
  • Mobile Apps Development
  • Custom Website
  • Corporate Portals
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24
10-49 Employees
Córdoba, Argentina
Est. 2007
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AdminSeg

10-49 Employees
Córdoba, Argentina
Est. 2007
Online Administration Software, ideal for Insurance Brokers, Agencies or any Insurance Professional.
Specialities
  • Content Management
  • Insurance Systems
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25
10-49 Employees
East Greenbush, United States
Est. 1982
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Audit Control Environment

10-49 Employees
East Greenbush, United States
Est. 1982
Full cycle audit management that offers comprehensive management of the entire audit process within a completely paperless environment.
Specialities
  • Custom Commercial Insurance Solutions
  • Business Process Improvements
  • Premium Audit Software
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26
10-49 Employees
Los Angeles, United States
Est. 2018
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BindHQ

10-49 Employees
Los Angeles, United States
Est. 2018
BindHQ is a SaaS technology provider focused on building and delivering the software, tools, products and insights required to supercharge the performance of MGAs, MGUs & Wholesalers. As an all-in-one cloud-based solution, BindHQ enables its users to work any time, anywhere, and on any device, and provides configurable and intuitive business workflows that reflect how specialty insurance intermediaries need to conduct business in the 21st century. With a robust reporting capability, fully integrated accounting and compliance modules, and modern user interface designed for simplicity, BindHQ empowers agency owners to transform the way they do business. BindHQ platform currently processes over $400 million in transactions each year for some of North America’s fastest growing insurance wholesale intermediaries.
Specialities
  • Specialty Insurance
  • Workflow Management
  • Task Automation
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27
10-49 Employees
New York, United States
Est. 2007
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Rhoads PCRM

10-49 Employees
New York, United States
Est. 2007
The PCRM (Producer Compliance Requirements Management) solution takes information that is traditionally siloed and brings it together into a warehouse of data. Through PCRM agencies, brokers, carriers and adjusters can manage the professional certificate life cycle from end-to-end. Check out our one-stop shop, web-based solution for Insurance Compliance.
Specialities
  • Compliance Systems
  • Insurance Compliance Management
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28
10-49 Employees
Blackrock, Ireland
Est. 2018
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RiskVille

10-49 Employees
Blackrock, Ireland
Est. 2018
RiskVille is a flexible scalable cloud solution for insurance companies, insurance brokers, insurance agencies, and captive managers with modules like: 1) CRM 2) Rating, Quoting, Policy Management, and issuance 3) Billing and reporting 4) Claims Management 5) Document and Mail handling. Its single data storage accessible 24/7 for managing personal lines, commercial lines, or benefits. Our know-how allows us to set 3 times lower price than competitors. We can implement it for you within 3 days.
Specialities
  • Policy Management
  • Claims Management
  • Rating
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29
10-49 Employees
Fort Washington, United States
Est. 2014
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Tango Belt App

10-49 Employees
Fort Washington, United States
Est. 2014
The Tango belt is an unobtrusive wearable that springs into action when sensors indicate a fall to provide proactive hip protection.
Specialities
  • Wearable Devices
  • Senior Living
  • Continuing Care Retirement Communities
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30
10-49 Employees
San Francisco, United States
Est. 2018
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TrustLayer

10-49 Employees
San Francisco, United States
Est. 2018
TrustLayer is an automated insurance verification and Certificates of Insurance tracking software that helps companies verify insurance coverage of their business partners. TrustLayer helps protect businesses from costly claims and lawsuits that can cost businesses millions. Verify that Certificates of Insurance (COIs) collected actually meet specified requirements and represent valid and current insurance policies helps increase insurance compliance and decrease risk.
Specialities
  • Insurance Technology
  • Risk Management
  • Insurance Management
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