Insurity’s Sure Submission Gateway, Purpose-Built for Managing Delegated Authority and the London Market, Accelerates the Underwriting Process Up to 80% for Insurers and MGAs
September 13, 2023
Insurity's Sure Submission Gateway expands and empowers MGAs with a platform designed to simplify e-trading and bring a fast, digital experience to a complex, growing market
HARTFORD, Conn.--Insurity, the leading provider of cloud software for insurance carriers, brokers, and MGAs, today announced that its cloud-based, low-code platform Sure Submission Gateway, formerly known as Sure Program Underwriting Distribution, streamlines underwriting and distribution with seamless risk placement. Insurity’s solution empowers insurance organizations and underwriters with capabilities that dramatically improve efficiency, reduce reporting time, and aid in risk management.
Insurity is the largest provider of cloud-based software for P&C insurance organizations, including seven of the top ten US MGAs. Insurity recognizes the criticality of delivering solutions purpose-built for MGAs focused on winning business. Its continued commitment to the MGA market is evident by its targeted acquisitions, R&D investment, and breadth of product functionality.
The Sure Submission Gateway solution is an offering of Insurity’s Sure MGA Suite managing delegating authority and advancing underwriting efficiency for insurers, allowing instant access to configured programs that enforce the latest defined underwriting guidelines, rating, and moratorium updates. Sure Submission Gateway users can quickly and accurately quote the majority of risks with straight through processing, allowing their underwriters to focus on exception handling. Sure Submission Gateway significantly simplifies e-trading and enhances MGA-carrier partnerships through a platform that encourages upstream and downstream interaction.
Sure Submission Gateway transforms platform management and binding prohibitions, tracks global CAT events, utilizes geospatial analytics to understand risks better, and can standardize processes. It comprehensively views risk correlations and automates moratoriums based on storm trajectories. With these features, insurers can experience 80% faster underwriting and a 60% reduction in reporting time, boosting productivity and streamlining operations.
“Sure Submission Gateway allows MGAs and carriers with MGA partnerships to revolutionize their underwriting processes and deliver more efficient, accurate, and profitable operations to their policyholders,” said Sylvester Mathis, Chief Insurance Officer at Insurity. “This reaffirms Insurity commitment to the MGA market by providing a product rich in functionality that yields significant ROI. In addressing a major pain point, Sure Submission Gateway enables MGAs to submit risks in a standard format, validate data at submission, and automate the underwriting process.”
Insurity is a leading provider of cloud-based software for insurance carriers, brokers, and MGAs. Insurity is trusted by 22 of the top 25 P&C carriers and 7 of the top 10 MGAs in the US and has over 400 cloud-based deployments. Through its best-in-class digital platform, unrivaled industry experience, and the industry’s most robust analytics offerings, Insurity is uniquely positioned to deliver exceptional value, empowering customers to focus on their core businesses, optimize their operations, and provide superior policyholder experiences. Insurity is a portfolio company of GI Partners and TA Associates. For more information, visit www.insurity.com.