Adapt Insurance operates in the Insurtech field by providing data solutions to insurance technology companies. Its main function is to act as a data layer that collects, analyzes, and aggregates personal information from diverse sources—business customers, social media, and data providers—and then anonymizes it for use by clients. This enables insurers and insurtechs to strengthen compliance, improve analytics, and enhance fraud prevention. Data licensing and service subscriptions drive its revenue, with customers ranging from agencies to tech firms within the insurance industry. The company differentiates itself by focusing on data aggregation, anonymization, and compliant data delivery through a secure, regulated platform, helping clients meet legal requirements while gaining actionable insights. Its goal is to provide reliable, privacy-preserving data-driven tools that support better decision-making and safer operations for insurance-related businesses.
Company Size
11-50
Company Stage
N/A
Total Funding
N/A
Headquarters
San Francisco, California
Founded
N/A
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Adapt, a US-based automation platform for insurance, has launched the Late Pay Agent, an autonomous agent that helps property and casualty insurance agencies prevent policy cancellations due to non-payment. The agent automates the entire late-payment collection process, chasing every pending cancellation until payment is received. According to Adapt, agencies using the Late Pay Agent have seen a 63% reduction in suspense volume and can save up to 93% of policies that reach pending cancellation. The system documents every interaction, sends communications from the agency's own contact details, and charges only per payment resolved. Adapt founder Jacob Simon said the agent allows account managers to focus on higher-value tasks. The San Francisco-based company automates transactions for insurance agencies, including top-50 US brokers.
Adapt launches Late Pay Agent to put payment collection on autopilot. SAN FRANCISCO, Sept. 22, 2026 /PRNewswire/ - Adapt, the leading automation platform for insurance, today announced the launch of the Late Pay Agent, an autonomous agent that helps P&C insurance agencies prevent cancellations for non-payment. Most agencies follow up with late-pay customers manually and don't have a repeatable process they can hand to a new employee. The Late Pay Agent removes interruptions from the agency's day-to-day by automating the entire late-pay chase. The Late Pay Agent chases every pending cancellation until the payment comes through, saving up to 93% of policies. Agencies spend significantly less time chasing late payments, so they can focus on higher-value tasks. Adapt runs the outreach until a payment is recorded, so nobody has to remember to stop the sequence. With the Late Pay Agent, agencies have seen a 63% reduction in suspense volume landing on their desks. Agencies get every step documented, lowering E&O risk: each message sent and received is recorded in the agency's management system. Agencies maintain their communication standards with their customers: Adapt sends every email from the agency's own mailbox; texts and calls come from the agency's phone number. Agencies can choose which customer segments to include. Agencies only pay when their customers do Adapt charges per payment resolved, however many emails, texts and calls it takes. If the insured pays before Adapt reaches out or if the policy ends up canceling, there's no charge. "Agencies win on service, and service is capped by how many hours account managers have. Chasing late payments is thankless work, and it's also what keeps a customer insured. The Late Pay Agent takes it on and works every case until the premium is paid." - Jacob Simon, founder of Adapt Up to 93% of policies saved before they lapse Agencies with a consistent late-pay process lose 5.1 times fewer policies to non-payment. The Late Pay Agent closes that gap, saving up to 93% of the policies that reach a pending cancellation. The Late Pay Agent gives account managers and CSRs back more than an hour a day previously spent chasing pending cancellations, enabling them to focus on higher-leverage work. "It's essentially giving us another employee. Adapt's Late Pay Agent has made a process less onerous, which has then created other opportunities across the board for expansion and thought in the company that weren't there previously." - Elaine Giuliani, Director of Personal Lines, Latitude Insurance Adapt's core products eliminate the need for agencies to log in to carrier portals, automating the mail process. The Late Pay Agent takes the next step, working each pending cancellation through to resolution. Book a demo at adaptinsurance.com/late-pay. About Adapt: Adapt is the leading automation platform for insurance. Trusted by top-50 insurance brokers in the U.S., Adapt has automated more than 10 million transactions for insurance agencies of all sizes.
Vertafore's industry-leading program brings together 60 best-in-class solutions and services through API-backed integrationsDENVER, Feb. 14, 2024 /PRNewswire/ -- Vertafore®, the leader in modern insurance technology, today announced nine new InsurTechs and solution providers joined its industry-leading Orange Partner Program. Now encompassing 60 partners, the program is the industry's most robust network, offering agencies, carriers and MGAs access to solutions and services that complement the Vertafore technologies they rely on every day.Orange Partners are vetted to confirm they meet Vertafore's rigorous standards. The program includes best-in-class business technologies, professional services, integrations and premium financing. The nine additions enhance different aspects of the insurance distribution channel:Expanded Orange Partner Program empowers insurance distribution with premier solutions for carriers, MGAs and agencies Post thisAutomating workflows for back-office efficiencyAdapt API automates repetitive and error-prone servicing tasks, like monitoring pending cancels or attaching documents in a management system, to allow servicing teams to focus their efforts on higher-leverage work.Ascend provides financial operations automation software to eliminate back-office accounting tasks associated with invoicing, premium financing and payables. This technology helps brokerages and MGAs improve operational efficiency and profitability by modernizing these legacy processes
BrokerTech Ventures (BTV) has announced the 12 insurtech startups that will take part in the 2023 cohort. 1Fort, New York, NYAdapt API, San Francisco, CABoon Health, Bingham Farms, MIComulate, San Francisco, CAFrame Fertility, San Francisco, CAGOAT Risk Solutions, Buckinghamshire, UKInsight Risk Holdings, Weston, CTIrys Insurtech, Tampa, FLPagedip, Boulder, COReFocus AI, San Diego, CASertis, Reno, NVTransharpe Solutions, Charlotte, NC. “This class is really exciting for a number of reasons,” said John Jackovin, executive director of the accelerator. “The startups include some who had reapplied after not making it in years past. We also have more female founders than ever before, which is tremendous to see! And, of course, the products and technologies continue to improve. We are fortunate to be able to engage at this early stage to provide a tremendous value to the community.”The accelerator cohort kicks off on April 4