Indio Technologies Inc.
Outstanding Performance > Best New Product
Indio Technologies Inc. is a workflow management software platform for property and casualty (P&C) insurance providers that brings the insurance industry into the digital age. Indio’s solution speeds up the process for P&C insurance brokers and their clients (the insurance buyer) by moving the entire insurance application and renewal process into the cloud. As a result, brokers experience a significant reduction in operational costs, inefficiencies, and errors & omissions, while being able to drastically improve the insurance buying experience for their clients.
Indio was created to provide a solution to one of the most significant pain points in the insurance industry for both brokers and their clients. The pain point being that every business needs P&C insurance, yet the process for applying and/or renewing insurance requires lengthy and overly complex applications to be filled out every single year. Prior to Indio’s creation, this process was facilitated by brokers sending their clients long emails stuffed with dozens of attached insurance forms and applications to be filled out from scratch. Indio’s proprietary technology has revolutionized this process by turning it into a digitally enhanced, “TurboTax” like experience. Its white-labeled platform comes pre-loaded with a database of 5,000+ digitally enhanced “smart” insurance forms and applications, where data automaps from one form to another, reducing the need for the same information to be rekeyed across multiple forms.
Indio is trusted by more than 40 of the top 100 U.S. insurance brokerages, and over 350 agencies across North America. The company was founded in 2016 and is now backed by $30 million in venture financing from Menlo Ventures, 8VC, NEA, Merus Capital, 500 startups and more. Indio continues its commitment towards empowering P&C brokers through technological innovations that solve inefficiencies and create a world where applying and/or renewing insurance is a simple and comprehensive process.