IBA

Insurance Business Applications (IBA) is a cloud-native insurance software company based in Copenhagen, Zealand. With a team of 48 employees, IBA reported annual revenue of 9.8 million in 2024. The company, led by CEO Morten Steiner, specializes in providing end-to-end solutions for property and casualty (P&C) insurers through its flagship platform, IBSuite. IBSuite is a comprehensive insurance platform designed to modernize P&C operations. It features a cloud-native architecture for stability and low maintenance costs, an API-first design for seamless integration, and monthly updates to ensure users have access to the latest functionalities. Key capabilities include policy management, claims processing, and digital customer engagement, enabling insurers to launch products quickly and optimize their workflows. IBA serves a diverse clientele, including global P&C insurers and insurtech innovators, and positions itself as a trusted partner for digital transformation in the insurance industry.