FCCI Insurance Group, a Sarasota, Fla.-based commercial insurer, has selected Insurity’s Policy Decisions policy administration platform and Insurance Enterprise View (IEV) data integration solution, with a view to consolidating systems, supporting regulatory compliance needs, achieving product speed-to-market and more easily entering new states, according to an Insurity statement. The Hartford-based vendor’s IEV offering consolidates data from policy, claims, billing and reinsurance systems and provides what the vendor characterizes as comprehensive enterprise reporting, analytics and integration capabilities.
FCCI recognized that it needed to alter its current environment, which comprises three policy administration systems, in order to provide the functionality and efficiencies required to support operational excellence, self-sufficiency and ease-of-doing-business for distribution partners and customers, according to the Insurity statement.
“Staying current with ISO, NCCI and other bureaus is challenging enough, but when we also considered the complexity of maintaining multiple policy administration systems and the limitations of dated technology, we knew it was time to change,” comments Paul Ayoub, CIO, FCCI. “Insurity was very attractive to us, in large part due to the strong reputation and stability of the Insurity organization.”
FCCI also found that Insurity’s solutions supported the carrier’s goals for vendor independence. “Insurity’s strong configuration components offer us the self-sufficiency we desire,” Ayoub says. “That, plus the ability to eventually consolidate our multiple systems to a single Insurity platform, made the case for us.”