Insurity Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS TOP 500 Market Report

Insurity Strengths, Domain Expertise, and Key Differentiators

Insurity, Inc. is a provider of cloud-based software for property and casualty (P&C) insurers, MGAs, and brokers. Its solutions streamline underwriting, claims, billing, and compliance through advanced analytics, low-code platforms, and AI. Insurity empowers over 500 clients to operate efficiently and adapt to evolving insurance industry demands.

Insurity Recent Developments

In October 2024, Insurity launched Document Intelligence, powered by OIP Robotics, to improve data extraction for insurers and managing general agents (MGAs). By leveraging artificial intelligence (AI) and machine learning, this solution achieves 99% accuracy, streamlining document processing, reducing operational costs, and speeding up submission times. This empowers insurers to enhance their efficiency, accuracy, and responsiveness in underwriting and data workflows.

In April 2023, Insurity launched Sure Underwriting Workbench in the London market to enhance underwriting efficiency. The low-code, configurable rules engine streamlines routine tasks for carriers, MGAs, syndicates, and brokers, allowing them to focus on risk assessment. This addresses challenges in the London market, including complex risk assessment and compliance with regulatory requirements such as Blueprint Two. Sure Underwriting Workbench automates decision-making, consolidating data and documents into a single platform. It integrates seamlessly with any rating system and API-enabled system, reducing the number of underwriting tools required by 50%.

In September 2021, Insurity unveiled its Regulatory Competency Center (RCC) in anticipation of the forthcoming ISO roadmap's impact on insurance carriers and partners. This investment aims to expand capabilities and deliver enhanced solutions to address regulatory challenges.

Insurity Mergers and Acquisitions (M&A) Activities

Insurity's strategic acquisitions highlight its aggressive approach to expanding its domain expertise and technological capabilities. Notable deals include:

- Maprisk (2021): This acquisition integrates geospatial analytics into Insurity’s ecosystem, allowing carriers and Managing General Agents (MGAs) to proactively respond to natural disasters—an essential capability in today's climate-sensitive environment.

- Virtual MGA (2020): This deal enhances Insurity's offerings tailored for the MGA segment, facilitating digital policy administration and enabling rapid product rollout.

- Epic-Premier Insurance Solutions (2020): This acquisition strengthens Insurity's core systems within the rapidly growing MGA market.

These mergers and acquisitions reflect Insurity's commitment to vertical expansion and its plan to advance intelligent automation and real-time risk assessment.

Insurity Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Insurity applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Insurity and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Insurity’s Insurance Decisions Suite, Insurity Instec, Insurity Sure MGA Claims, Insurity Sure MGA Policy, Insurity Billing Decisions and others. customers.

Insurity Key Enterprise and Cloud Applications

Insurity’s Insurance Decisions Suite, Insurity Instec, Insurity Sure MGA Claims, Insurity Sure MGA Policy, Insurity Billing Decisions and others.

Insurity Revenues, $M:

Insurity Revenue Breakdown By Type, $M:

Insurity Enterprise Applications Revenues By Functional Markets, $M:

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Insurity Revenues By Region, $M

Insurity Direct vs Indirect sales

Insurity Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Insurity Customers

No. of Insurity Customers: 500

No. of Insurity Enterprise Applications Customers: 500

No. of Insurity Cloud Customers: 400

No. of Insurity Cloud Subscribers: x

With over two decades of expertise in cloud-native software, Insurity is in the industry with more than 400 of their 500+ customers in the cloud.

Among Insurity customers are: American Modern Insurance Group, FCCI Insurance Group, Sompo Japan Insurance Company, Connecticut Interlocal Risk Management Agency, Adventist Risk Management, American Resources Insurance Company, Sparta Insurance, Columbia Insurance, PMA Insurance Group, American Hardware Mutual Insurance Co. , Glatfelter Insurance, Sompo Japan Insurance, American Resources Insurance Co. , and many others.

Insurity Market Opportunities, M&A and Geo Expansions

Insurity LLC has significant growth opportunities in expanding its cloud-native, AI-driven solutions across global insurance markets. With increasing demand for digital transformation, regulatory compliance, and data analytics, Insurity is well-positioned to support MGAs, brokers, and carriers. Its scalable platform offers entry into emerging markets and verticals, including parametric insurance, specialty lines, and international regulatory environments.

In January 2023, Insurity introduced Sure Premium Audit Analytics, an enhancement to its Sure Premium Audit solution. Leveraging predictive analytics from Insurity Predict, the new product optimizes premiums and operational efficiency by up to 15%. Sure Premium Audit Analytics addresses challenges in premium auditing processes by utilizing robust predictive models and machine learning. It allows carriers to predict audit results before ordering, streamlining workflows and enhancing efficiency. Integrated seamlessly into the Sure Premium Audit platform, Insurity Predict enables quick adoption for P&C carriers and existing Sure Premium Audit customers, offering customizable predictive models on a low-code, configurable interface.

Insurity Risks and Challenges

The insurance industry is heavily regulated, with compliance requirements varying by region and jurisdiction. Ensuring that cloud-based software meets all regulatory standards and requirements, such as HIPAA for healthcare data or PCI DSS for payment card information, is essential to avoid legal penalties and fines.

Insurity Ecosystem, Partners, Resellers and SI

Seismic’s go-to-market strategy is built on a hybrid approach that combines direct sales, strategic channel partnerships, and strong technology integrations. The company's ecosystem features over 100 partners, including customer relationship management (CRM) providers like Salesforce and Microsoft Dynamics, as well as AI and analytics firms such as Gong, Snowflake, and Clari. Seismic collaborates with system integrators, resellers, and consultancy partners, including FPS and Jumping Fox in New Zealand, which enhances its global reach and ensures localized delivery. These network effects are essential for integrating Seismic into broader enterprise digital transformation initiatives. Additionally, Seismic’s Enableship program, developed in partnership with SV Academy and the Sales Enablement Society, fosters a community-driven flywheel that strengthens both the talent pipeline and loyalty within its ecosystem.

In September 2023, Glia partnered with Insurity, integrating Glia’s Customer Interaction Platform into its solution offerings. This collaboration aims to enhance the customer experience while facilitating smoother business transactions for brokers and agents. Glia's technology revolutionizes the way insurance providers engage with customers and agents by providing seamless experiences across various channels, including chat, voice, video, and Co-Browsing. Additionally, Insurity's AI-powered chatbot is seamlessly incorporated into the Glia framework, accelerating processes and streamlining interactions through automated support.

In August 2020, Insurity collaborated with WorkersCompensation.com, the foremost source of regulatory and compliance information in the workers' compensation industry, to enhance the management of jurisdictional forms and disability rates within Insurity's Workers’ CompXPress Suite. This suite, which integrates policy, billing, and claims administration functionalities, holds the largest market share among monoline workers’ compensation insurance clients in the United States.

Insurity has a strategic partnership with: Microsoft, IBM, LexisNexis, Google, Wolters Kluwer ad others.

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: