Specialty insurance workflow automation reducing submission-to-policy from weeks to minutes for MGAs and carriers; $8M Bain Capital Ventures and YC backed serving $200B specialty insurance market.
PolicyFly is a New York-based insurtech company that automates specialty insurance workflows — digitizing the submission-to-policy process for cyber, flood, and trucking insurance that traditionally takes weeks of back-and-forth between brokers, managing general agents (MGAs), and carriers, reducing transaction times to minutes through an automated digital platform that handles structured data collection, underwriting rules, coverage configuration, and policy issuance. Founded in 2018 and backed by Bain Capital Ventures, Susa Ventures, and Y Combinator with $8 million raised including a $7 million seed round, PolicyFly serves the $200 billion specialty insurance market.
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