Health In Tech and Amazon Web Service Advanced Tier Service Partner Ciklum Announce Strategic Collaboration to Accelerate Development of AI-Driven InsurTech Platform

Health In Tech (Nasdaq: HIT) announced a strategic collaboration with Ciklum to accelerate its AI-driven InsurTech platform on Amazon Web Services.

Rhea-AI Summary

Health In Tech (Nasdaq: HIT) announced a strategic collaboration with Ciklum to accelerate its AI-driven InsurTech platform on Amazon Web Services. The platform serves more than 800 brokers, TPAs, MGUs and carriers across 40 states. Ciklum will optimize AWS architecture, data engineering, front- and back-end workflows, and AI-enabled quoting, reporting, and analytics to improve scalability, usability, and operational reporting for brokers and employer clients.

Positive

• Platform reach: serves >800 brokers, TPAs, MGUs and carriers
• Geographic footprint: operating presence in 40 states
• AWS hosting: platform consolidation and reporting hosted on AWS
• Technical partnership: Ciklum is an AWS Advanced Tier Services Partner
• AI & analytics: planned AI-driven bindable quotes and financial reporting

Negative

• None.

Argus Mar 18 session

+7.65% close to close Open Argus

Details

News Market Reaction – HIT

On Mar 18, the first trading day after this news, HIT closed 7.65% above the previous close.

Data tracked by StockTitan Argus for the Mar 18 session.

Key Figures

Platform users: more than 800 brokers, TPAs, MGUs and carriers Geographic reach: 40 states Share price: $1.71 +5 more

Platform users

more than 800 brokers, TPAs, MGUs and carriers

Scale of HIT integrated stop-loss marketplace

Geographic reach

40 states

States where platform participants are active

Share price

$1.71

Price prior to collaboration news

1-day move

-5%

Change over prior 24 hours before publication

52-week high

$4.02

Upper end of 52-week trading range

52-week low

$0.512

Lower end of 52-week trading range

Market cap

$102,435,854

Equity value prior to news

200-day MA

$1.89

Longer-term trend reference level

Historical Context

5 past events · Latest: Mar 09

5 events

1. Mar 09

   Earnings date notice

   24h Move

   +9.1%

   Scheduled Q4 and full-year 2025 results and conference call announcement.

2. Feb 24

   Executive appointment

   24h Move

   +1.7%

   Appointment of CTO to lead AI roadmap and platform modernization.

3. Jan 13

   Executive hire

   24h Move

   -3.7%

   New Chief Growth Officer to drive revenue and distribution expansion.

4. Jan 12

   Conference announcement

   24h Move

   -8.1%

   Announcement of hitDavos 2026 InsurTech summit featuring AI-focused agenda.

5. Jan 07

   Partnership expansion

   24h Move

   -4.2%

   Collaboration with Benefit Re to launch 100+ customized stop‑loss plans.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

self-funded stop-loss health insurance, third party administrators (TPAs), managing general underwriters (MGUs), Amazon Web Services (AWS), +2 more

6 terms

self-funded stop-loss health insurance financial

"The HIT's platform operates as an integrated self-funded stop-loss health insurance marketplace..."

A self-funded stop-loss health insurance arrangement is when an employer pays its employees’ routine medical costs directly but buys an insurance “umbrella” to cover very large or unexpected claims above a set amount. For investors, it matters because this structure shifts routine cash flow and predictable costs to the employer while capping catastrophic losses, so changes in claim patterns, policy limits or insurer solvency can create sudden swings in a company’s expenses and financial risk.

third party administrators (TPAs) financial

"...serving more than 800 insurance brokers, third party administrators (TPAs), managing general underwriters..."

Third party administrators (TPAs) are independent firms hired to handle day-to-day administrative work for employee benefit plans, insurance policies, or retirement programs — processing claims, keeping records, answering participant questions, and ensuring legal rules are followed. Investors care because TPAs affect a company’s costs, operational risk and service quality: like outsourcing a store’s checkout and returns, a reliable TPA can lower expenses and errors, while a poor one can cause delays, fines or reputational harm.

managing general underwriters (MGUs) financial

"...third party administrators (TPAs), managing general underwriters (MGUs) and carriers in 40 states."

A managing general underwriter (MGU) is a specialized firm that has delegated authority from an insurance company to price, issue and manage insurance policies on the insurer’s behalf. Think of it like a trusted store manager who both selects products and sets prices for a larger brand; by handling day‑to‑day underwriting and distribution, an MGU can grow premium income faster or access niche markets. Investors watch MGUs because they affect an insurer’s revenue mix, risk exposure and operational efficiency without the insurer having to build those capabilities internally.

Amazon Web Services (AWS) technical

"...data infrastructure and reporting processes which all hosted on Amazon Web Services (AWS)."

Amazon Web Services (AWS) is an on-demand online platform that rents computing power, data storage and software tools over the internet—think of it as renting electricity and factory space for digital work instead of building your own. Investors watch AWS because it generates steady, recurring revenue and often higher profit margins than product sales, so its growth, pricing power and customer mix significantly affect a company’s overall earnings and long-term value.

AWS Advanced Tier Services Partner technical

"Ciklum, an AWS Advanced Tier Services Partner, provides enterprise-grade software engineering..."

An AWS Advanced Tier Services Partner is a technology services firm that Amazon Web Services recognizes for deep technical skill, documented customer successes, and significant experience deploying AWS cloud solutions. For investors, the designation acts like a contractor’s premium certification: it suggests the firm is more likely to win and execute complex cloud projects reliably, which can translate into steadier revenue, lower delivery risk and stronger growth potential.

AI-driven InsurTech platform technical

"...strategic collaboration with Ciklum... to enhance the Company's AI-driven InsurTech platform."

An ai-driven insurtech platform is a technology service that uses artificial intelligence to automate and improve insurance tasks like pricing policies, detecting fraud, processing claims and personalizing customer offers. Investors care because it can lower costs, speed service and open new markets the way a smart autopilot makes a delivery fleet more efficient—potentially boosting profit margins and growth if the system reliably scales and complies with regulations.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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STUART, Fla., March 17, 2026 /PRNewswire/ -- Health In Tech, Inc. (the "Company" or "Health In Tech") (Nasdaq: HIT), an AI-enabled InsurTech platform company, today announced a strategic collaboration with Ciklum, a global AI-powered experience engineering and software development firm, to enhance the Company's AI-driven InsurTech platform. The HIT's platform operates as an  integrated self-funded stop-loss health insurance marketplace serving more than 800 insurance brokers, third party administrators (TPAs), managing general underwriters (MGUs) and carriers in 40 states. 

Ciklum's collaboration will optimize the platform's administrative, sales, and analytics capabilities. This initiative will expand both front- and back-end functionality to create an integrated technology environment—from AI-driven bindable quotes to AI-enabled financial reporting and analytics—while streamlining data infrastructure and reporting processes which all hosted on Amazon Web Services (AWS).

Ciklum, an AWS Advanced Tier Services Partner, provides enterprise-grade software engineering services to Fortune 500 companies and high-growth technology organizations worldwide. Through this collaboration, Health In Tech expects to leverage Ciklum's deep technical expertise in AWS architecture, data engineering, and AI-driven software development to accelerate platform innovation and scalability.

The Company anticipates successful implementation of these enhancements will deliver expected benefits including:

• Enhanced platform capabilities and administrative functions, enabling service partners to more efficiently support existing clients while potentially expanding into larger employer markets
• Improved integration of front- and back-end workflows, consolidating quoting, underwriting, administration, and analytics into a unified platform with the goal of increasing usability and adoption
• Advanced data, operational reporting capabilities, which aims to deliver deeper insights and improved decision-making for brokers, TPAs, MGUs, carriers, and employer clients

Tim Johnson, Chief Executive Officer of Health In Tech, commented, "Health in Tech was founded on the belief that self-funded stop-loss insurance should be simple, streamlined, and widely available. Consistent with our commitment to continuous improvement, we are thrilled to partner with Ciklum, a premier technical and software development company that possesses a full range of capabilities and expertise on our cloud platform, AWS. In addition to achieving AWS Advanced Tier Service partner status, Ciklum has accumulated deep domain experience across healthcare and health insurance and stands out through its AI-powered approach to experience engineering. Together, we are building integrated solutions designed to eliminate fragmented workflows and multiple system dependencies, improving the user experience for brokers, administrators, MGU and carrier partners. This collaboration reflects the strategic technology investments we are making today with the goal of supporting greater platform adoption, stronger customer retention, and long-term revenue growth."

"Health in Tech is redefining how self-funded stop-loss insurance is delivered, bringing simplicity, transparency, and scalability to a complex ecosystem," said Raj Radhakrishnan, CEO of Ciklum. "At Ciklum, we are excited to partner with innovators that use technology to reshape industries. By combining Health in Tech's vision with our deep healthcare expertise, cloud-native engineering on AWS, and our Prodigy AI framework, we are building solutions that unify fragmented systems and deliver breakthrough improvements in operational efficiency.

This partnership will leverage our years of experience and track record in delivering scalable AI-native platforms for leading enterprises, and we look forward to driving innovation and long-term impact for Health In Tech's customers and partners."

About Ciklum

Ciklum (www.ciklum.com) is a global experience engineering firm that stands at the forefront of innovation, blending next-generation product engineering, exceptional customer experiences, and cutting-edge AI. It revolutionizes the way people live by developing groundbreaking technologies that reimagine, reshape, and redefine the future. For more than two decades, Ciklum has been a trusted partner to both global enterprises and digital disruptors, spearheading the creation of digital solutions that not only tackle complex corporate challenges but also propel businesses toward accelerated growth and success. Ciklum has a vast global team of over 4,000 highly skilled engineers, experience design specialists, product owners and consultants.

About Health In Tech

Health In Tech, Inc. (Nasdaq: "HIT") is an AI-enabled InsurTech platform company, which offers a marketplace that improves processes in the health insurance industry through vertical integration, process simplification, and automation. By removing friction and complexities, we streamline the underwriting, sales and service process for insurance companies, licensed brokers, Managing General Underwriter (MGUs) and third-party administrators ("TPAs").  Health In Tech's platform serves as a marketplace for brokers, TPAs, MGUs and carriers to access self-funded health insurance for employers, providing functions including customized self-funded health plans, bindable stop-loss quotes, AI-enabled underwriting, claims administration and reporting integration. Learn more at healthintech.com.

Forward Looking Statements

This press release may contain forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health In Tech's possible or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as "may," "will," "should," "design," "target," "aim," "hope," "expect," "could," "intend," "plan," "anticipate," "estimate," "believe," "continue," "predict," "project," "potential," "goal," or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to Health In Tech's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause Health In Tech's actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Health In Tech's control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects Health In Tech's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to Health In Tech's operations, results of operations, growth strategy and liquidity.  Health In Tech undertakes no obligation to update any forward-looking statements, except as required by law

Investor Contact:
Health In Tech Investor Relations
ir@healthintech.com
The Equity Group

Kalle Ahl, CFA      
T: (303) 953-9878
kahl@theequitygroup.com

Devin Sullivan, Managing Director
dsullivan@theequitygroup.com

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SOURCE Health In Tech Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Health In Tech (HIT) announce on March 17, 2026 regarding Ciklum?

Health In Tech announced a strategic collaboration with Ciklum to enhance its AI-driven InsurTech platform. According to the company, Ciklum will optimize AWS architecture, data engineering, and AI-enabled front- and back-end features to improve quoting, reporting, and scalability.

How many partners and states does Health In Tech's platform serve (HIT)?

Health In Tech's platform serves more than 800 brokers, TPAs, MGUs and carriers across 40 states. According to the company, that existing footprint will be the primary audience for upgraded AI, reporting, and administrative tools.

What specific AWS expertise does Ciklum bring to HIT's platform upgrade?

Ciklum brings AWS Advanced Tier Services Partner experience in cloud-native engineering, data engineering, and AI-driven software development. According to Ciklum, the firm will apply its Prodigy AI framework and AWS architecture skills to improve platform performance and integration.

What platform capabilities will the HIT and Ciklum collaboration target?

The collaboration targets AI-driven bindable quotes, consolidated underwriting and administration workflows, and enhanced financial reporting and analytics. According to the company, these upgrades aim to increase usability, adoption, and decision-making for brokers and employer clients.

What investor-relevant benefits does Health In Tech expect from the Ciklum partnership?

Health In Tech expects improved scalability, stronger customer retention, and support for long-term revenue growth from the collaboration. According to the company, the technical upgrades are intended to drive greater platform adoption and operational efficiency across partners.