An Austin, Texas-based insurtech startup is redefining insurance for the active and travel economy by offering on-demand, embedded insurance products including injury coverage, trip protection, and cancel-for-any-reason guarantees directly integrated into the booking flows of adventure sports organizations, ski resorts, cycling associations, and travel platforms. The company's technology platform enables experience-based businesses to offer seamless insurance coverage at checkout, protecting revenue from cancellations while giving customers meaningful financial security. With partnerships spanning major ski passes, outdoor associations, and travel operators, the company has built a sophisticated data-driven insurance technology stack that TaxTaker identified as containing substantial qualifying R&D activity.

TaxTaker engaged with the company's engineering and data science teams to identify and document qualifying research activities, including development of the embedded insurance API and checkout integration framework, engineering of real-time injury risk scoring and underwriting algorithms, creation of a claims processing automation platform, development of cancel-for-any-reason product logic and refund workflow systems, and data analytics tools for loss ratio modeling and product performance optimization. The company's iterative approach to product development building, testing, and refining pricing models and coverage logic based on real-world claims data demonstrated the experimental process required for credit qualification under IRC 41.

The study identified $218,400 in qualifying federal R&D expenditures and $22,900 in eligible state-level costs, yielding a combined R&D Tax Credit of approximately $222,200. These credits provided valuable non-dilutive capital that supported the company's product expansion into trip protection and new partner verticals, reinforcing that insurtech companies building proprietary technology platforms have meaningful R&D credit opportunities often overlooked in financial services.