Chuck Fillizola, SJA CIO, comments on the carrier’s plan match technology to its business vision by replacing its WINS policy administration system with Insurity’s Policy Decisions, Claims Decisions, Portal Decisions and Insurance Enterprise View.
One of the P&C industry’s most established core technology providers brings aboard a smaller vendor with a focus on cloud-native technology and personal lines.
The latest example of Insurity’s aggressive acquisition strategy, Valen will operate autonomously under its existing management team, led by CEO Dax Craig.
The SIMS Claims system brings Insurity a claims system that complements Claims Decisions, reinforcement of a culture of agility and flexibility, and access to alternative markets.
Combining the capabilities and customer bases of Tropics and recent acquisition Oceanwide, Insurity will be establishing a center of excellence that will include core processing software, compliance services and portals.
Chris Giglio remains on the board of directors as the software provider proceeds with its growth and transformation strategy.
The partnership aims to help insurers of all sizes and budgets make sound digital and data decisions with executable plans in place to achieve business, technical and financial goals.
The Sarasota, Fla.-based commercial insurer cites systems self-sufficiency, regulatory compliance support, product speed-to-market as among its reasons for choosing Insurity’s Policy Decisions and Insurance Enterprise View data integration solution.
This strategic move reflects insurers’ changing demands in a more data-centric business and systems environment, vendors’ need to diversify revenue streams, and the specific advantages of Insurity’s Insurance Enterprise View offering.
GI Partners plans to accelerate Insurity’s growth as the company aims to expand its leadership in policy administration and related software solutions and leverage GI Partners’ experience in add-on acquisitions.