Insurity, Inc. Among Apps Top 500

170 Huyshope Avenue

Hartford, CT, 06106, United States

1 860-616-7721

http://insurity.com/

247

Insurity, Inc. Strengths, Domain Expertise, and Key Differentiators

Insurity has combined a deep understanding of the insurance business and technology expertise into a singular focus: empowering our clients with innovative and flexible property and casualty insurance technology that allows them to meet their business goals and offer a simplified insurance experience.

Insurity, Inc. Recent Developments

In June 2018, Insurity unveiled that improved cross-device functionality for their Claims Decisions product that enables insurers to customize role-based user experiences for smartphones, tablets and desktop. Claims Decisions is a claims administration system for property & casualty (P/C) insurers. It supports the entire claims lifecycle; leveraging data analytics to assist adjusters in their decision-making process, and optimizing settlement amounts in real-time to enhance the claim settlement process.

Insurity, Inc. Mergers and Acquisitions (M&A) Activities

In July 2020, Insurity acquired Virtual MGA. The deal expands Insurity’s cloud-based core systems offerings for the managing general agent (MGA) and broker markets.

In June 2020, Insurity acquired Florida-based Epic-Premier Insurance Solutions, Inc. The acquisition further strengthens Insurity’s position in the growing managing general agent (MGA) market.

In June 2019, private equity company GI Partners has acquired Insurity. GI Partners plans to accelerate Insurity's growth as the company aims to expand its leadership in policy administration and related software solutions and leverage GI Partners' experience in add-on acquisitions to help drive organic and inorganic growth.

Insurity, Inc. Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Insurity, Inc. 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, Inc. 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, customers.

Insurity, Inc. Overview

Ownership: - x

Number of Employees: 890

Functional Markets: Analytics and BI, ERP Financial Management, ERP Services and Operations Management,

Key Verticals: Life Insurance, P&C Insurance, Specialty Insurance,

Insurity, Inc. Key Enterprise and Cloud Applications

Insurity’s Insurance Decisions Suite,

Insurity, Inc. Revenues, $M:

Type/Year 2018 2019 YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Insurity, Inc. Revenue Breakdown By Type, $M:

Type License Services Hardware Support & Maintenance SaaS
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe

Insurity, Inc. Revenues By Region, $M

Region % of Total Revenues 2019 Total Revenues, $M 2019 Enterprise Applications Revenues, $M 2019 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

Insurity, Inc. Direct vs Indirect sales

Region Direct Sales Indirect Sales Total
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

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

List of Verified Insurity, Inc. Customers


No. of Insurity, Inc. Customers: 300

No. of Insurity, Inc. Enterprise Applications Customers: 300

No. of Insurity, Inc. Cloud Customers: 250

No. of Insurity, Inc. Cloud Subscribers: 100000


Insurity's solutions are in production at 15 of the top 20 US Insurers.

Insurity has a customer base of 300+ and many of them consist of deep, 20+ year client relationships.

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 customers from the AQS customer base include Canal Insurance Co., Capital Insurance Group, GuideOne Insurance, The Main Street America Group, Philadelphia Insurance Cos., Preferred Mutual Insurance Co. and others.

Insurity, Inc. Market Opportunities, M&A and Geo Expansions

In January 2017, Insurity acquired Valen Analytics (Valen). Founded in 2004, Valen is a provider of proprietary data, analytics and predictive modeling for P/C insurers. The Valen brand is retained with the organization, operating as ‘Valen Analytics, an Insurity company.

In December 2016, Insurity acquired Systema Software (“Systema”). Systema’s claims management system, SIMS Claims, is an innovative, award-winning system that is well regarded by its clients and industry experts. The product name, SIMS Claims, will not change. The Systema staff and organization operates under the name of Insurity.

Insurity, Inc. Risks and Challenges

Developing a converged road map for Oceanwide, AQS and other recently acquired assets could take some time, perhaps at the expense of crafting a Cloud-native strategy.

Insurity, Inc. Ecosystem, Partners, Resellers and SI

In August 2020, Insurity partnered with WorkersCompensation.com, the largest regulatory and compliance information center for the workers’ compensation industry, to streamline administration of jurisdictional forms and disability rates for Insurity’s Workers’ CompXPress Suite. The integrated policy, billing, and claims administration suite has the largest market share of monoline workers’ compensation insurance clients in the United States.

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

Insurity, Inc. Cloud Infrastructure Insights

Subscribe to read more about:

  • Insurity, Inc. Public Cloud and Infrastructure (IaaS)
  • Insurity, Inc. Platform (PaaS)
  • Insurity, Inc. Application Delivery
  • Insurity, Inc. Private Cloud and Data Centers

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:

https://www.appsruntheworld.com/About Us
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ

Copyright © 2021, APPS RUN THE WORLD