Leaders of five major core solution providers offer insights on issues ranging from the flood of mergers and acquisitions in the past year, the promise of insurtech, and where the insurance industry is headed over the coming years.
The digital age is upon us, and the signs are all around. Turn on the TV, and commercials eagerly promote smart, digital consumers who lock cars, turn down home thermostats and glance into refrigerators remotely from their smartphones.
The SIMS Claims system brings Insurity a claims system that complements Claims Decisions, reinforcement of a culture of agility and flexibility, and access to alternative markets.
Jeffrey Glazer keeps it simple.
The CEO of Insurity Inc., an insurance software vendor, had three big influences, when he grew up in Syracuse, N.Y.: hard work, education and family.
This strategic move reflects insurers’ changing demands in a more data-centric business and systems environment, vendors’ need to diversify revenue streams, and the specific advantages of Insurity’s Insurance Enterprise View offering.
While continuing to operate as an independent company in the wake of the May 2015 acquisition announcement, Oceanwide has enjoyed a 20 percent increase in year-over-year revenue.
Insurity’s and Livegenic’s winning solutions are interesting for their quality as innovators and disruptors—and as examples of transition that show simultaneously where the industry has been and where it is going.
Insurance Enterprise View wins for Data Management; award honors vendors providing superior customer service.
Livegenic and Insurity were named the winners of the Association for Cooperative Operations Research and Development’s 2015 Insurance Innovation Challenge during the ACORD 2015 Conference in Boca Raton, Fla. last week.
Being a chief financial officer may not be the most exciting job at times, but it’s the career Rick Sorensen wanted at a young age.
When comparing modern core systems, it is essential to look beyond the base costs of software licenses, new hardware, and implementation resources and services. Here are some factors to help insurers calculate true total cost of ownership (TCO).
As a result of the pact, Insurity will integrate all AuthenticWeb for Claims research content into its Claims Decisions platform.
The deal exemplifies a hot M&A market driven by an abundance of private equity and venture capital flowing into the insurance technology space.
In 2011, Jeffrey Glazer was handed a rare opportunity: the chance to once again lead the company he had founded 26 years earlier. His firm Insurity, whose software processes premiums for property and casualty insurers, had changed owners three times since 1994.
The process of evaluating components of core system modernization projects has become relatively common for insurers. Defining business requirements to differentiate between core system vendor offerings has been refined over time and through experience, as well as benefiting from published industry best practices and research.
The top software and data challenges are related to a technology infrastructure that was designed for an era that no longer exists. It is unrealistic to expect currently installed systems such as policy, claims, billing, underwriting and even additions of modern component software, to accommodate this constantly changing business environment.
The essence of the insurance industry is analyzing information to understand and evaluate risks. To do that most effectively, insurance organizations must be able to efficiently navigate high volumes of diverse data from multiple internal and external sources.
Leveraging best practices in compliance allows carriers to maximize the speed and minimize the costs of keeping current.
SPARTA Insurance Company gains control over the underwriting authority it provides to program administrators by deploying the Underwriting Rules module for Insurity’s Policy Decisions platform.
The Sarasota, Fla.-based commercial insurer cites systems self-sufficiency, regulatory compliance support, product speed-to-market as among its reasons for choosing Insurity’s Policy Decisions and Insurance Enterprise View data integration solution.
Chuck Fillizola, SJA CIO, comments on the carrier’s plan match technology to its business vision by replacing its WINS policy administration system with Insurity’s Policy Decisions, Claims Decisions, Portal Decisions and Insurance Enterprise View.