Insurity’s integrated policy, billing, claims, reinsurance and enterprise data platform selected
HARTFORD, CT (December 16, 2014) –Insurity, Inc., a provider of core insurance processing and data solutions, today announced Caterpillar Insurance Services Corporation, a subsidiary of Caterpillar Inc., has selected Insurity’s Insurance Decisions Suite and Insurance Enterprise View (IEV) software to enable the dual objective of modernizing its data and core processing platforms.
Insurity customers are able to modernize core processing environment with its Insurance Decisions Suite (Policy Decisions, Claims Decisions, and Billing Decisions) as well as allow for the integration and exchange of data from multiple sources across the enterprise including from current systems, global dealers and multiple TPAs through Insurance Enterprise View software. Carriers implementing Insurance Decisions Suite can also implement the CedeRight Reinsurance Solution, through Insurity’s partnership with DataCede.
Insurity’s extensive built-in functionality allows for an expedited implementation to leverage the new environment quickly to support lines of P&C business across global operations. In addition, Insurity’s product configuration capability and extensive out of the box functionality allow for the support of the uniqueness of its customers’ insurance business models and products.
“We are thrilled to have been selected by such a prestigious organization and household name as Caterpillar. Caterpillar Insurance Services Corporation’s holistic approach to modernization, tackling both the core insurance applications as well as the data components, perfectly aligns with Insurity’s view of what is required to solve today’s challenges while preparing for tomorrow ,” said Lani Cathey, Senior Vice President at Insurity.
Insurity, Inc. enables property & casualty insurers to modernize their enterprise and achieve their business goals. Insurity’s core processing applications and data integration and analysis solutions are backed by rich insurance expertise and are in production with over 100 insurers, processing billions of dollars of premium each month. Insurity’s solutions address the needs of all carriers – from the Top 20 insurers to small or regional commercial, personal, or specialty lines writers, as well as MGAs. For more information about Insurity, call 860-616-7721 or visit www.insurity.com. Connect with Insurity on Twitter, LinkedIn and Facebook.