Insurity

Insurity is a market leader in cloud-based insurance software solutions, providing a comprehensive platform for policy, billing and claims management, augmented by AI-powered insights. The platform is designed to support the entire insurance lifecycle, increasing efficiency, profitability and customer satisfaction.

Insurity has more than 500 carrier, MGA, self-insured and risk pool customers, with more than 400 of those using cloud-based deployments on Azure and AWS. The company has been recognized by analysts for its strong financial performance and market position, a strong foundation for its position to lead the industry in the future.

Some of the key features of Insurity include:

• AI Assistant: An always-on AI-powered assistant that reduces customer service time from hours to minutes, revolutionizing the traditional policyholder experience.
• Insurity Analytics: A cloud-native, open data analytics platform that taps into a $109 billion premium Valen Data Consortium, providing insights into policy, claims, billing and submission data.
• Policy Administration: A scalable, cloud-first policy platform that supports all distribution channels, ensuring regulatory compliance and driving profitable growth.
• Billing System: A configurable, cloud-based billing solution that accommodates multiple payment options and automates commission calculations.
• Claims Management: A cloud-based, configurable platform that resolves claims faster with embedded analytics, increasing efficiency and policyholder retention.
• Business Intelligence: An out-of-the-box analysis platform embedded into all Insurity systems, allowing users to make data-driven decisions with actionable analytics and visualizations.

Insurity is well-suited for property and casualty (P&C) insurance carriers, managing general agents (MGAs), self-insured organizations and risk pools. The cloud-native architecture is designed to be scalable, secure and easily integrated with other systems.

Insurity has a proven track record of successful implementations, with more than 50 go-lives in the last year. This is made possible through partnerships with more than 25 system integrators, ensuring that best-in-class P&C systems are implemented efficiently. The company's commitment to innovation is reflected in its ability to launch new products in less than 30 days, allowing customers to respond to emerging risks quickly.

Insurity does not publicly disclose pricing, and interested parties should contact the company to learn more about customized pricing and packages that meet their specific needs. With Insurity's comprehensive insurance software solutions, organizations can streamline operations, improve customer satisfaction and drive profitable growth in the P&C insurance market.

Published on July 6, 2024