What does Benekiva do?

Benekiva is an InsurTech and SaaS company based in West Des Moines, Iowa, specializing in claims automation and policy servicing for the life insurance, annuity, and living benefits sectors. Founded in 2017, Benekiva operates a satellite office in Winston-Salem, North Carolina, and has grown its Annual Recurring Revenue to approximately $9.5 million without external venture capital. The company offers a cloud-based platform that automates complex workflows and enhances user experiences. Its flagship product, the Benekiva Claims Automation Platform, features straight-through processing, an AI-driven rules engine, and digital claim forms to streamline the claims process from intake to payout. Additionally, Benekiva provides policy servicing solutions and advanced analytics to help clients optimize operations and improve decision-making. The company primarily serves life insurance carriers, annuity providers, and living benefits insurers, focusing on modernizing their claims processing and policy management.