Valen Acquisition Reinforces Insurity’s Data Direction

…tion Strategy The deal fits within an aggressive acquisition strategy that has included Insurity picking up Systema Software toward the end of 2016, Tropics Software in June 2016, and Oceanwide in May 2015. Lani Cathey, SVP, Insurity. “Insurity’s strategy is coming to fruition, and we’re very excited about the value-add provided through the acquisition, as well as helping Valen to grow and scale with the resources of Insurity behind it,” Cathey…

Insurity Acquires Tropics Software to Drive Dominance Play in Specialty Lines

…e carriers, state and self-insured funds as well as other specialty workers’ compensation organizations. The Tropics brand will be retained with the organization operating as “Tropics, an Insurity company.” Lani Cathey, SVP, Insurity. The new deal builds on Insurity’s acquisition of Oceanwide in May 2015, further strengthening the vendor’s position in the workers’ compensation market, and advancing its strategy to be the dominant provider in…

Insurity Continues Aggressive M&A Strategy with Systema Software Acquisition

…to invest in our core suite and our position that ‘one size does not fit all’ when it comes to insurance systems,” she says. “Carriers are unique, therefore platforms need to meet their unique requirements. Lani Cathey, SVP, Insurity. There is room in the market for both Insurity’s existing Claims Decisions offering and SIMS Claims, Cathey insists. “We’re excited to expand our reach to alternative markets and we also like the culture and people…

Insurity Launches Data Solutions Division Based on IEV Offering’s Success

…s’ need to create a more data-centric systems environment and vendors’ need to diversify revenue streams. However, it also represents the specific qualities of IEV which have driven its notable success. Bruce Broussard, SVP, Insurity. In its announcement of the new division’s launch, Insurity touts IEV as the market leader for data integration, reporting and analytics for the property/casualty industry. Since its introduction in 2011, the…

Insurity Gets Infusion of Growth Capital from PE Firm General Atlantic

…tomer base through both key acquisitions and internal investment,” comments Harry Taylor, a partner at TA Associates. “We are pleased to continue to support Insurity, in partnership with General Atlantic and Genstar, as it builds upon its leadership position in the property and casualty insurance market.” Ryan Clark, a Managing Director and President of Genstar Capital adds, “We are proud of the progress of Jeffrey and the Insurity team who have…

Oceanwide Acquisition Gains Insurity Cloud, Configuration Capabilities

…rks increasing consolidation, according to industry analysts. The value proposition to Insurity was succinctly expressed in a statement by Mitchell Wasserman, CEO of the acquired entity—which will be branded as Oceanwide, an Insurity Company. “A major asset that we bring to Insurity is our Bridge solution, which is configurable by end-users rather than developers,” he says. “Combined with our cloud environment and the backing of Insurity, with…

Sompo Japan US CIO on Insurity-Centered Core System Modernization

…nd functionality with the addition of the vendor’s Claims Decisions, Portal Decisions and Insurity’s Insurance Enterprise View (IEV) data integration solution. “Our ultimate goal is to replace our core WINS system with Insurity components, with IEV as our hub,” notes Fillizola. “We made a decision to make Insurity’s Policy Decisions the port of entry for all business – all rating, quoting, binding and policy issuance – all policies get…

Reflections on Insurity’s Acquisition of Oceanwide with SMA’s Karen Furtado

…n intriguing offering as it matures. IIR: How does this latest acquisition position Insurity with regard to its the capabilities the vendor has amassed? Perhaps you could put the deal in context with previous acquisitions by Insurity, such as AQS. KF: Oceanwide, with its cloud-based offering, provides Insurity with a number of deployment options for technology. The development tools with the focus on user maintainability is in synch with…

Caterpillar Chooses Insurity’s Insurance Decision Suite and Insurance Enterprise View

…ns Suite, as well as reinsurance (through Insurity’s DataCede partnership),” Light notes. Secondly, he says, “Caterpillar is also licensing Insurity’s data platform, Insurance Enterprise View.” Finally, Light adds, “It gives Insurity a point of entry into the warranty insurance market.” Insurity offers carriers the Insurance Decisions Suite as a target core systems platform along with Insurance Enterprise view, which enables the integration and…

Insurity/Vlocity Partnership Weds Digital Front End to Modern Core Processing

…forces; Distribution/channel management; Digital insurance So far, Vlocity’s insurance clients have been large life insurers, including Principal (Des Moines), New York Life and MetLife (both of New York). Lani Cathey, SVP, Insurity. Insurity has over 100 property/casualty insurance clients and focuses on modernization/transformation issues. “Providing targeted, effective and efficient policy and plan service interactions acros all channels is…