Insurity Acquires Tropics

Insurity, Inc., a provider of core insurance processing and data integration and analytics solutions, today announced its acquisition of Tropics Software Technologies, Inc. Based in Sarasota, Florida, Tropics is an insurance software firm that focuses on the workers’ compensation market for mono-line carriers, state and self-insured funds as well as other specialty workers’ compensation organizations. The Tropics brand will be retained with the organization, operating as ‘Tropics, an Insurity company.’

Who is Tropics?

Tropics Software Technologies is a national software company specializing in workers’ compensation systems. They provide integrated, web-enabled policy, claims, and billing systems. Tropics offers a comprehensive set of configurable modules, based on a common foundation of automated work and document management, which boosts business efficiency.

The multi-carrier, multi-state, web-based policy, claims, and billing software can be configured for any type of workers’ compensation organization. With over 21 years of experience deploying software exclusively to workers’ comp organizations, 23 clients in production, and a 100% success rate for new implementations, Tropics Software is a market leader for core systems in the workers’ compensation industry.

How does this benefit the industry?

The acquisition brings together two complementary, leading workers’ compensation solutions and enables Insurity to offer even greater value to its customers and the market, strengthen its market position as well as address additional segments within the workers’ compensation insurance market.

Tropics customers gain access to Insurity’s significant expertise in the workers’ compensation marketplace and deep experience in compliance and regulatory support services. Tropics customers also gain access to the proven rapid deployment and cloud capabilities of Oceanwide. Likewise, Insurity customers will benefit from working with a market leader in the workers’ compensation market with more investment planned in technologies, people and services and the establishment of a center of excellence dedicated to this market.

Combined Company Becomes one of the Largest Global P&C Insurance Software and Services Vendors Offering Solutions for All Segments of the Market

  • 750+ employees
  • 175+ customers

Wide Range of Software & Services

  • Industry leading ISO and NCCI bureau and compliance reporting
  • Most widely used global marine cargo solution
  • Policy, claims and billing solutions for insurers of all sizes, MGAs, Brokers and Self-Insureds
  • Proven Workers Compensations solution
  • Compelling agent portal and underwriting workstation tools
  • ACORD-based Insurance Enterprise View data solution

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