(Chicago, home of MVP Advisory Group. Photo credit: rlobes.)
MVP Advisory Group (Chicago) and Insurity, Inc. (Hartford), have announced a strategic partnership to provide solutions and services to property/casualty insurers worldwide. Insurity offers an insurance core processing data, analytics and digital enablement platform. MVP is a consulting group led by distinguished industry veterans that provides expert strategy, planning, development and workforce services. 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.
“We specialize in the planning and execution for digital, data, and managed services programs, and Insurity’s broad-based platform capabilities align well with our clients’ needs,” comments Donn Vucovich, Managing Partner, MVP. “Insurity’s market-leading SaaS capabilities make them an attractive partner for MVP, as the movement to managed services and cloud solutions continues to rise and has become a market imperative for long-term viability.”
In a statement on the partnership, MVP asserts that it has led many of the largest data and analytics projects in insurance, delivering measurable and incremental value to the organizations. The statement adds that MVP has also led insurers through core transformation initiatives, digital technology innovation, and the development of advanced analytics environments.
Insurity is one of the property/casualty industry’s leading providers of core processing and data applications to insurance carriers. The vendor has a large, long-standing customer base processing billions of dollars of premium monthly on Insurity software.
“Insurity is committed to providing our clients with the technology, infrastructure and services they need to thrive in the digital insurance market and simplify their business,” comments Michele Shepard, Chief Revenue Officer, Insurity. “This partnership with MVP exemplifies our focus on helping carriers transform their organizations, ensuring they’re able to leverage their investment in Insurity to execute cohesive plans that support their long-term business goals.”
MVP says that its core data, digital and managed services transformation knowledge and experience in helping carriers and brokers to leverage the advanced technology capabilities in the market aligns with Insurity’s ongoing commitment to its customer base and to the market.
“Our partnership with MVP is a sensible move for Insurity,” comments Chris Giglio, CEO, Insurity. “Data and analytics continue to be a top area of investment for insurance carriers, as well as one of the most challenging to implement effectively. MVP’s knowledge and experience with Insurity’s data solutions will be beneficial to our current and future clients.”
MVP’s Deep Insurity Expertise
Bruce F. Broussard, Jr., MVP Partner and leader of the consultant’s Data & Analytics practice, has deep expertise with regard to Insurity’s data solutions and their applicability to insurers, given that prior to MVP, Broussard served as Senior Vice President and General Manager of Insurity’s Data Solutions Division. Earlier, Broussard was an Associate Partner for IBM’s (Armonk, N.Y.) Insurance Consulting Business, where he led the firm’s global insurance data practice. Broussard also served as VP, Application Development for Pan-American Life Insurance Company (New Orleans), responsible for all U.S. & International systems. At Insurity, he led the product strategy, development, client implementations and sales for Insurity’s DataHouse (formerly known as Insurance Enterprise View, or IEV) product. Under his leadership, DataHouse became the leading P&C vendor data solution.
“The nature of data is always changing. Companies must have the strategies, plans, components, and quite frankly, the knowledge to integrate and aggregate their data and be able to efficiently derive value from it.” comments Broussard. “By having extensive knowledge of Insurity’s comprehensive data solutions, MVP can help carriers perfectly execute the strategies we provide them to accelerate their data programs and reduce delivery risks.”