Advocate Technologies

Advocate Technologies is an insurance technology company that applies data and software to commercial insurance risk. Its work falls into two products. The first is a commercial insurance market terminal, which supplies real-time market indices, gap analysis tools and a proprietary rules engine in order to make pricing of commercial risk more transparent. The second is a software platform that replaces lenders' manual insurance review process, automating insurance compliance across both origination and servicing and supported by a team of insurance experts.

The company's dataset has been assembled over the past five years and now represents more than $1.5B in insurance pricing exposure and $8.3 billion in premium data, drawing on more than 5,600 carriers and covering 206 industries. On the compliance side, over 65,000 policies have been organised on the platform. Advocate Technologies reports fourfold growth over the past year and revenue in the millions of dollars.

The company serves lenders and financial institutions, including mortgage lenders, banks and commercial real estate lenders; its clients include those handling commercial real estate loans of $100 million or more, and it works with agency loans backed by Freddie Mac, Fannie Mae, HUD and the SBA. Technical work spans insurance technology, data analytics, real-time market indices, rules engines and gap analysis. Advocate Technologies operates from New York and Athens, Greece, and employs a team of 51-100 people.