LineSlip Solutions

About LineSlip Solutions

LineSlip Solutions, Inc. operates as a Software-as-a-Service (SaaS) company targeting the commercial insurance sector. The firm was established in 2016 by Leo Bernstein and Rob Keyvani. Bernstein, the CEO, previously worked as an investment manager and in real estate, where he personally encountered the difficulties of manually tracking and understanding insurance programs. This firsthand frustration with the lack of data accessibility in a data-centric industry directly motivated the company's founding. The company has since secured approximately $5.6 million in funding, including a Series A round in March 2023.

The company's core offering is its Commercial Insurance Risk Intelligence (CIRI) platform. This software addresses the inefficiencies of traditional, paper-based insurance processes by using technologies like Natural Language Processing to automatically extract, structure, and organize data from various insurance documents such as binders, policies, and proposals. This transforms previously inaccessible information into data-rich, interactive dashboards. The business model is subscription-based, with pricing for its CIRI software starting at around $35,000 per year. LineSlip serves a clientele that includes risk managers, insurance brokers, private equity firms, and real estate companies. The platform provides these clients with instant visibility into their insurance portfolios, enabling faster reporting, real-time analytics on premiums and coverage, and clearer communication with stakeholders.

LineSlip offers tailored solutions for different market segments, including Risk Management, Private Equity, and Real Estate. For risk managers, the platform consolidates data from multiple brokers into a single view, allowing for real-time analysis of coverage, carriers, and costs. The Real Estate solution helps optimize and allocate premium expenditures across properties, tracking acquisitions and dispositions. For private equity clients, it provides visibility into insurance data across all portfolio companies. A key feature is the ability to digitize both current and historical program documents, creating a comprehensive audit trail and eliminating manual data entry. In 2024, the company launched "Peer Comps," an interactive cyber insurance modeling tool developed in partnership with Kovrr, which allows users to benchmark their cyber policies against real-world peers.