About Us

About Practo Insura

At Practo Insura, we specialize in creating innovative Property & Casualty (P&C) insurance software solutions to simplify and streamline insurance operations. With over 8 years of InsurTech experience, we’re dedicated to making insurance processes easier for everyone.

Founded in 2023, our journey began with a vision to transform insurance operations into smooth, hassle-free experiences. After extensive research and innovation, we proudly present Practo Insura, a powerful, user-friendly software solution designed to streamline insurance operations and help insurance providers focus on what truly matters.

What Sets Us Apart

Practo Insura is not just another software solution. We’re here to transform the way of insurance experience; simpler, faster, and more secure.

Rapid Rater Algorithm

Why wait 2 months to update insurance rates? With Practo Insura, new rates can be implemented & made live in just 7 days. Our advanced rater system ensures swift and accurate updates including premium, fees & coverage factors, keeping you ahead of the competition and dynamic to market changes.

Policy Data Migration

Worried about switching to a new system? We’ve got you covered. Our data migration feature ensures you can pick up exactly where you left off without waiting 6 months on old system. If you’ve got a properly structured policy dataset, you can instantly switch your system with Practo Insura, so there’s no interruption to your operations.

Custom E-Sign Tool

Say goodbye to paper-heavy processes! Our built-in e-signature tool is designed to make policy agreements hassle-free and secure. Whether you're finalizing new policies or updating existing ones, our tool saves you time and simplifies workflows.

Motor Vehicle Record (MVR) Detection

We know how critical it is to stay informed about potential risks. With our advanced fraud detection tools, you can monitor policyholders’ histories in real time. Get automated email alerts for violations, suspensions, DUIs, and more to help you stay ahead in managing risks effectively.

99.99% SLA (Service Level Agreement)

We take reliability seriously. With a 99.99% uptime guarantee, you can trust that Practo Insura will always be there when you need it-minimizing downtime and maximizing productivity.

Advance Security

Practo Insura prioritizes data security through advanced encryption, token-based authentication, and strict adherence to HIPAA and PCI standards. With these measures, you can confidently manage your policies, knowing your sensitive information is securely protected.

Our Journey: From Vision to Innovation

At Practo Insura, our commitment to transforming the insurance industry with seamless technology has been at the core of everything we do. Here’s a look at how our vision has evolved into a cutting-edge insurance software platform

Our Vision

In 2023, we established our vision for Practo Insura. Our goal is to simplify the insurance process, making it more accessible, trustworthy, and user-friendly. Together, we’re building a future Insurtech where insurance works for real people.

July 2023
2023

Research & Development

We conducted deep research to understand the challenges in traditional insurance processes. We focused on building a user-friendly platform that streamlines operations.
Launch of Practo Insura Software

In 2024, we introduced our Insurance Policy Administrator Software. It is designed to provide a comprehensive solution for seamless policy issuance, automated workflows, user-friendliness, and more. Our live software is just the beginning of this transformation.

2024
2025

Insured Portal (Coming Soon)

Our Insured Portal will allow policyholders to easily access and manage their insurance policies online, with real-time updates and seamless claim submissions.
AI Assistance (Coming Soon)

Effortlessly fill out forms using smart image recognition technology that gathers your car details automatically.

2025
2025

Mutual Insurance Solution (Coming Soon)

Practo Insura’s Mutual Insurance Solution is designed to simplify and streamline operations for mutual insurers. It covers every stage of the policy lifecycle, from quoting and underwriting to policy issuance, renewals, and claims processing, providing complete control over the entire process.