InsCipher wins Utah Business Innovation Award for insurtech solutions

InsCipher, a Utah-based insurtech firm, has been honored as the 2026 winner of the Utah Business Innovation Award in the Insurtech/Fintech/Proptech category. The recognition highlights InsCipher’s innovative approach to simplifying surplus lines tax compliance for the insurance industry.

Founded in Utah, InsCipher has developed specialized software that streamlines the complex and historically manual process of E&S lines tax regulation and reporting. The company’s technology suite, which currently serves over 400 insurance agencies, automates E&S tax filing workflows across 50+ states and territories. In 2025, InsCipher supported more than $28 billion in premium and powered compliance across over 2.2 million transactions and 71,000 insurance licenses.

Daryle Stafford, the founder and CEO of InsCipher, noted, "InsCipher was born out of the need to address the challenges of surplus lines tax compliance. We aimed to create a solution that would reduce manual work and enhance efficiency. Ten years later, it is incredibly rewarding to see our technology recognized in the state where we began."

Stafford’s vision has translated into a robust suite of tools that help insurance professionals navigate the intricacies of E&S tax regulations. InsCipher’s technology continuously monitors regulatory changes, ensuring clients remain compliant while reducing their operational burden. According to the company, this approach has been crucial in supporting the growing complexity of the E&S insurance market.

"We are proud to have been named the 2026 Utah Business Innovation Award winner," said Stafford. "This award is a testament to the hard work and dedication of our team, and we are honored to be recognized in the state where we started."

This accolade comes at a pivotal time for InsCipher, as the company marks its 10-year anniversary and continues to expand its technology and services within the E&S insurance industry. The recognition underscores InsCipher’s commitment to innovation and its role in transforming the insurance landscape.