Insurity adds modern reinsurance solution as an integrated component of its solution suite – enabling a single end-to-end core processing platform for P&C carriers.
HARTFORD, CT (September 24, 2013) –Insurity, Inc., a provider of core insurance processing software and services, today announced that it has completed integration of DataCede’s CedeRight Reinsurance Solution with Insurity’s Insurance Enterprise View (IEV) as well as the Insurance Decisions Suite, Insurity’s set of comprehensive core insurance processing applications — policy administration, billing, claims, reporting and portal solutions.
Insurity announced its partnership with DataCede in September of last year. The integration went smoothly and is already being implemented at a number of current Insurity carrier client companies.
With CedeRight Reinsurance Solution fully integrated with the Insurance Decisions Suite and Insurance Enterprise View, Insurity can deliver to its clients and other carriers in the property and casualty (P&C) market a single end-to-end, and fully integrated platform that now also includes reinsurance administration. The proven CedeRight Reinsurance Solution serves as an ideal complement and extension to the Insurity suite of products, providing P&C carriers a single-source for their modernization efforts which typically include a combination of legacy replacement and consolidation of multiple legacy systems. The integrated, end-to-end solution is also ideal for startup carriers looking for a proven and single-platform to support all core processing needs.
“Working with the DataCede team on the integration effort has been a great experience for Insurity. With both our organizations focused on delivering a high quality reinsurance system that fits perfectly with our Insurance Decisions Suite and IEV, our clients are offered the best of both worlds – P&C with integrated reinsurance administration,” said Jeffrey Glazer, president and CEO, Insurity. “We believe the insurance industry needs more of this type of cooperation between technology vendors. Everyone from vendor to carrier and insureds benefits when the focus of any project is bringing value to the carrier.”
Headquartered in Hartford, CT, Insurity, Inc. provides policy administration, claims, billing, and analytics software to more than 100 insurance companies. A market leader in deploying policy administration software and full service solutions to the property & casualty insurance market, Insurity’s solutions process billions of dollars of premium each month and address the needs of all carriers – large and small, national 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.