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.
In 2017 Insurity began a transformation aimed at expanding its target markets and steering insurers away from heavy customization and into the cloud.
The latest example of Insurity’s aggressive acquisition strategy, Valen will operate autonomously under its existing management team, led by CEO Dax Craig.
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.
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.
Having first invested in Insurity in 2014, TA’s second investment aims to help accelerate growth of Insurity’s software and analytics platforms.
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.
Acquiring Maprisk expands Insurity’s current cloud-based geospatial analytics and proprietary data capabilities into the personal lines market across the full policy lifecycle.
