(Photo credit: Ailura.)
Victory Insurance (Miles City, Mont.), an authorized private workers’ compensation insurance carrier and a licensed MGA, has expanded its Insurity (Hartford) Workers’ CompXPress implementation to 47 states in less than two months to power its managing general agent (MGA) program, according to a vendor statement. Victory is now able to provide its carrier and MGA partners with a full suite of policy, billing, and claims services, and enable them to be up and running on the platform within 30 days, the statement reports.
In 2018, Victory Insurance deployed Insurity’s Workers’ CompXPress across 11 states but needed to quickly expand to an additional 36 states to meet the requirements of its sprawling national MGA program. Insurity responded with what it characterizes as a turnkey system that enables Victory’s carrier and MGA partners to enter any workers’ compensation market in less than 30 days. Insurity reports that the system’s intuitive self-service capabilities allowed Victory to perform over 90 percent of the configuration internally, dramatically reducing implementation costs.
“Insurity has once again proven to be an exceptional partner,” comments Keith Brownfield, CEO, Victory Insurance. “From the expertise of their team to the strength of their solutions, they were able to deliver what others couldn’t. Through the Insurity system, Victory Insurance is now able to offer carriers a virtually unrivaled speed-to-market, bringing up new partners both with systems and business processing, in less than 30 days. Carriers can enter a new workers’ comp market with minimal effort, maximum speed, and market-leading effectiveness.”
“We’re delighted that Victory has chosen to expand its relationship with Insurity on a national scale and has trusted our Workers’ CompXPress solution as the backbone of its technology strategy,” comments Sylvester Mathis, chief insurance officer, Insurity. “Insurity’s superior speed-to-market capabilities not only enabled Victory to rapidly scale its deployment across 47 states, but also helps the onboarding of new partners with unrivaled speed, no matter what states they choose to enter.”