Insurity Named a Major Player in the IDC MarketScape for P&C Intelligent Underwriting Workbench Applications

Insurity’s modern architecture, strategic collaborations with technology partners, and streamlined workflows have been pivotal in driving innovation in underwriting for P&C organizations

HARTFORD, Conn.--(BUSINESS WIRE)--
Insurity, the leading provider of cloud software for insurance carriers, brokers, and MGAs, today announced that it was recognized as a Major Player in the IDC MarketScape: Worldwide P&C Intelligent Underwriting Workbench Applications 2023 Vendor Assessment (doc # EUR151182723, September 2023). We believe this recognition reflects Insurity’s commitment to delivering innovative and cloud-native underwriting solutions to the P&C insurance market.

Trusted by 22 of the top 25 P&C carriers, Insurity is the largest cloud-based P&C software provider, with over 330 customers in Azure and AWS.

Sure Underwriting leverages advanced technologies to automate data ingestion, clearance, triage, risk assessment, and policy generation. This allows underwriters to make more informed decisions, streamline work, and deliver against growing customer expectations. The platform stands out for its simple-to-learn, simple-to-use interface and highly configurable rules engine automating underwriting guidelines, ensuring consistent and precise risk assessment.

Sure Underwriting embeds advanced analytics and machine learning to provide valuable insights into risk profiles, facilitating data-driven underwriting decisions. Insurity Business Intelligence, included within the Sure Underwriting solution, offers insights into book performance, renewal retention rates, trends, metrics, and more. The platform’s comprehensive capabilities, scalability, and configurable options make it an ideal solution for insurers seeking to streamline their underwriting processes and optimize efficiency.

“Insurity is continuously evolving our offerings, like Sure Underwriting, not just to provide streamlined operations and manage workloads but also to empower underwriters to collaborate with others within their company, increasing the quality of underwriting, improving productivity, and transforming the way teams work together. We endeavor to position insurers to address the unique challenges of the digital age,” said Sylvester Mathis, Chief Insurance Officer at Insurity. “Insurity’s goal is to provide cutting-edge, user-focused solutions that not only meet but anticipate the needs of the P&C insurance market. We believe the recognition from the IDC MarketScape validates our approach of blending technological innovation with practical application, ensuring we remain at the forefront of the industry and deliver exceptional value to our customers.”

To learn more about how Sure Underwriting can benefit your organization, please get in touch with [email protected].

About IDC MarketScape:

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

About Insurity

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.

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Elizabeth Hutchinson
[email protected]

Source: Insurity