Federato

It triages incoming submissions, scores them against the insurer's real-time portfolio appetite, and drafts fully explained quotes for the underwriter to review. For high-certainty, strategy-aligned deals, it can auto-bind within predefined guardrails, with random audits for quality control. The firm says this consolidates workflows — some clients went from nine systems to one — and measurably lifts the percentage of bound policies that match stated strategy.

The firm names carriers, MGAs, MGA aggregators, and mutuals as its customer segments. Its public materials highlight use cases across property and casualty and specialty lines. A disclosed customer, Nationwide, has publicly discussed using Federato's agentic AI in its underwriting system.

Federato's system uses agentic AI to draft complete quotes and, in some cases, auto-bind low-risk deals, moving beyond descriptive analytics to decision execution. The firm frames this as a departure from 'bolted on' AI that merely surfaces insights, arguing that its platform rebuilds the underwriting workflow to prevent strategy drift between stated appetite and actual bound risk.

Federato is a technology vendor — a vertical SaaS company that sells its platform to insurance carriers, MGAs, and mutuals. It does not operate as a fund, a family office, or a direct risk-bearing entity. It earns revenue from software subscriptions, not from deploying its own balance sheet into insurance underwriting.

The company cites customer-reported metrics on its website, including an 89% reduction in time to quote, a 30% lift in high-appetite premiums, and an 11% increased hit ratio. One customer reported a 3.7x increase in the share of bound policies meeting its definition of 'high appetite.' Federato has not published independently audited benchmarks.