(Florida Polytechnic building. Photo credit: Gregory Urbano.)
Insurity, Inc. (Hartford), a provider of cloud-based core system solutions and data analytics to property/casualty insurers, brokers, and managing general agents (MGAs), has announced the completion of its acquisition of Lakeland, Fla.-based Epic-Premier Insurance Solutions, Inc. The acquisition aims to strengthen Insurity’s position in the MGA market. The acquisition was completed on June 22, 2020. The terms of the acquisition were undisclosed.
Epic-Premier offers end-to-end core system software solutions for a diverse client base of MGAs, program managers, and wholesale brokers. Its technology, purpose-built to meet the unique needs of MGAs, combined with Insurity’s industry-leading digital platform and cloud services, will help these property & casualty professionals streamline their business operations across the entire policy lifecycle, increase the automation of both standard and specialty insurance lines, and improve the speed and agility needed to meet an ever-growing set of bespoke client requirements, according to an Insurity statement. The solution can also be used by carriers and brokers who currently manage MGA networks or who wish to create MGA networks to broaden their market reach.
“Epic-Premier is a standout addition to Insurity’s already expansive suite of digital core system solutions, bringing capabilities specifically designed to support MGAs and adding substantial breadth and depth of market experience to our team,” comments Chris Lafond, CEO of Insurity. “Together with our cloud expertise and wealth of data assets, we have greatly expanded our solution offerings for MGAs and are well-positioned for leadership of this market.”
Cloud Leadership and Technological Maturity
“With Insurity’s cloud leadership and with the technological maturity of their digital platform, we are able to accelerate our transition to cloud and API-based architectures and deliver greater value to our clients,” comments Kevin Grimes, CEO of Epic-Premier. “In addition, Insurity’s extensive client base and deep industry relationships will enable us to bring our solutions to a broader audience. We are excited to continue to provide our clients the same exceptional service, along with the additional tools and resources needed to help them drive significant business value.”