The Global Insurance Quoting Software Market was valued at USD 1.34 Billion in 2023 and is projected to reach USD 2.84 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period (2023–2032). This expansion is driven by accelerating digital transformation in insurance, demand for automated risk assessment, and widespread adoption of cloud-based solutions across carriers, brokers, and MGAs.
As the insurance sector shifts toward fully digital distribution channels, quoting platforms have become essential for delivering superior customer experiences, operational efficiency, and competitive advantage. Our analysis profiles the Top 10 Insurance Quoting Software Providers—blending established technology vendors with innovative insurtech disruptors redefining digital underwriting.
🔟 1. Vertafore
Headquarters: Denver, Colorado, USA
Key Offering: Sagitta, ImageRight, PL Rater
Vertafore leads the North American insurance technology sector with comprehensive solutions for property & casualty and specialty lines. Its PL Rater solution automates commercial and personal lines quoting across 1,000+ carrier integrations.
Market Leadership:
- Processes over 15 million quotes annually
- Direct integrations with 150+ carrier rating engines
- AI-powered risk scoring for complex commercial policies
Download FREE Sample Report: Insurance Quoting Software Market – View in Detailed Research Report
9️⃣ 2. Applied Systems
Headquarters: University Park, Illinois, USA
Key Offering: Applied Epic, Applied Rating Services
Applied Systems powers the industry’s largest digital insurance exchange, connecting 20,000+ agencies with carrier partners. Its cloud-based platform handles all lines of business with real-time rating capabilities.
Market Leadership:
- Processes 500+ million transactions annually
- 80% first-quote accuracy through machine learning
- Comparative rating across 400+ personal lines carriers
8️⃣ 3. EZLynx
Headquarters: Richardson, Texas, USA
Key Offering: EZLynx Rating, EZLynx Agency
EZLynx delivers streamlined quoting experiences through its proprietary carrier connection technology, specializing in comparative rating and agency workflows.
Market Leadership:
- Direct integrations with 300+ carrier rating engines
- 20% faster quote-to-bind workflows
- Omnichannel distribution capabilities
7️⃣ 4. CoverGo
Headquarters: Hong Kong
Key Offering: CoverGo Enterprise, CoverGo NOW
CoverGo is pioneering no-code insurance configuration with API-first architecture, enabling rapid product launches and dynamic pricing capabilities across APAC and global markets.
Market Leadership:
- 90% faster product configuration than legacy systems
- 300+ pre-built insurance API integrations
- Omnichannel quote distribution capabilities
Download FREE Sample Report: Insurance Quoting Software Market – View in Detailed Research Report
6️⃣ 5. Quotit
Headquarters: Irvine, California, USA
Key Offering: Quotit Enterprise, Quotit Medicare
Quotit dominates the health and benefits quoting segment with specialized solutions for ACA, Medicare, and group plans across 300+ carrier integrations.
Market Leadership:
- 2+ million monthly quote transactions
- Patent-pending plan recommendation engine
- Compliance automation for 50-state regulations
5️⃣ 6. COMPULIFE
Headquarters: London, Ontario, Canada
Key Offering: COMPULIFE Quoting System
COMPULIFE maintains the insurance industry’s most comprehensive life rate database with real-time updates and advanced underwriting logic for complex cases.
Market Leadership:
- 30,000+ financial professional users
- 100+ carrier rate comparisons
- Underwriting automation for impaired risks
4️⃣ 7. BenefitFocus
Headquarters: Charleston, South Carolina, USA
Key Offering: BenefitFocus Marketplace
BenefitFocus streamlines employee benefits enrollment with decision-support tools and carrier integrations for HR teams and benefits administrators.
Market Leadership:
- 15+ million covered lives
- Integrated payroll and HRIS connections
- Scenario modeling for benefits packages
3️⃣ 8. ebaotech
Headquarters: Berlin, Germany
Key Offering: Easybird Platform
ebaotech specializes in AI-driven underwriting automation for European P&C insurers, with regulatory-compliant solutions across 40+ markets.
Market Leadership:
- 90% straight-through processing rate
- Automated compliance for EU insurance directives
- Behavioral pricing models
2️⃣ 9. Quodex
Headquarters: Sydney, Australia
Key Offering: Quodex Workbench
Quodex delivers dynamic commercial insurance pricing for APAC markets with real-time data integration and parametric product capabilities.
Market Leadership:
- 25+ insurer partners in Asia-Pacific
- IoT data integration for commercial risks
- Industry-specific pricing models
1️⃣ 10. WBQuote
Headquarters: Jacksonville, Florida, USA
Key Offering: WBQuote Commercial Lines
WBQuote excels in complex commercial submissions with specialty markets connectivity and automated surplus lines compliance.
Market Leadership:
- 50+ E&S market integrations
- Automated tax and compliance workflows
- Niche industry templates
Get Full Report Here: Insurance Quoting Software Market – View in Detailed Research Report
🌍 Outlook: The Future of Digital Insurance Distribution
The insurance quoting software sector is undergoing fundamental transformation as digital platforms become the primary distribution channel. Emerging technologies are redefining how insurers price and distribute coverage.
📈 Key Market Trends:
- Convergence of quoting with automated underwriting
- Growth of API ecosystems connecting carriers and distribution partners
- AI-driven dynamic pricing models incorporating alternative data
- Expansion of no-code configuration platforms
- Regulatory technology integrations for compliance automation
The companies profiled above represent the vanguard of digital insurance transformation, developing solutions that make risk transfer more efficient while improving accessibility for customers across all segments.
Get Full Report Here: Insurance Quoting Software Market – View in Detailed Research Report