List of FINYS Rating Customers
Troy, 48084, MI,
United States
Since 2010, our global team of researchers has been studying FINYS Rating customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Each quarter our research team identifies companies that have purchased FINYS Rating for Insurance Pricing and Rating Engine from public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources, including the customer size, industry, location, implementation status, partner involvement, LOB Key Stakeholders and related IT decision-makers contact details.
Companies using FINYS Rating for Insurance Pricing and Rating Engine include: Virginia Farm Bureau, a United States based Insurance organisation with 1000 employees and revenues of $400.0 million, Wayne Insurance Group, a United States based Insurance organisation with 160 employees and revenues of $50.0 million, Farmers Mutual Fire Insurance Company of Salem County, a United States based Insurance organisation with 60 employees and revenues of $20.0 million and many others.
Contact us if you need a completed and verified list of companies using FINYS Rating, including the breakdown by industry (21 Verticals), Geography (Region, Country, State, City), Company Size (Revenue, Employees, Asset) and related IT Decision Makers, Key Stakeholders, business and technology executives responsible for the software purchases.
The FINYS Rating customer wins are being incorporated in our Enterprise Applications Buyer Insight and Technographics Customer Database which has over 100 data fields that detail company usage of software systems and their digital transformation initiatives. Apps Run The World wants to become your No. 1 technographic data source!
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| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Application | Category | When | SI | Insight |
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Farmers Mutual Fire Insurance Company of Salem County | Insurance | 60 | $20M | United States | Finys | FINYS Rating | Insurance Pricing and Rating Engine | 2023 | n/a |
In 2023 Farmers Mutual Fire Insurance Company of Salem County implemented FINYS Rating as its Insurance Pricing and Rating Engine. FINYS Rating served as the central rating capability to support both personal and commercial product lines, notably the commercial package and the final line of business that went live on January 1, 2023.
The implementation followed a conversion program that began after selection activities in 2018, migrating rating and policy processes from SCIPS into FINYS and building on prior conversions from IDP to SCIPS. Configuration work centered on rating rulesets, product templates and commercial package rating logic, and included deployment-ready configurations for new products referenced by the company such as Equipment Breakdown, Service Line, Inland Flood, and Cyber, with extended quality assurance and repeat testing by rating specialists.
FINYS Rating was introduced into an environment that continues to use the ImageRight system for document imaging and retention, and the rollout engaged underwriting, rating, and QA functions. Operational scope covered multi-state processing as Farmers Mutual expanded beyond New Jersey into Maryland, Pennsylvania, and the Delaware deployment validated during the FINYS program, with conversion policy entry and reconciliation required to align historical policy data with FINYS rating rules.
Governance emphasized specialist-led testing and conversion validation, integrating rating specialists into underwriting workflows for policy entry and exception handling through go-live. FINYS Rating now functions as the companys Insurance Pricing and Rating Engine supporting ongoing underwriting and rating operations at Farmers Mutual Fire Insurance Company of Salem County.
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Virginia Farm Bureau | Insurance | 1000 | $400M | United States | Finys | FINYS Rating | Insurance Pricing and Rating Engine | 2011 | n/a |
In 2011, Virginia Farm Bureau implemented FINYS Rating as a core component of its Finys Suite deployment. The deployment is explicitly positioned as an Insurance Pricing and Rating Engine and was adopted to support the insurer’s property and casualty quoting, rating, underwriting, billing and claims workflows across its enterprise operations.
The implementation centers on FINYS Rating running alongside quoting and underwriting modules, providing centralized rate calculation, rules based rating logic, product configuration and rate file management. FINYS Rating is described by users as part of the company’s operational platform that ties quoting to rating and underwriting, reflecting typical Insurance Pricing and Rating Engine capabilities such as automated rate application and configurable rating tables.
Operationally the rollout covered underwriting, product management, policy administration, claims and billing functions, consolidating pricing and rating authority within the Finys Suite. Integrations are internal to the suite, with FINYS Rating threaded through quote to bind and into policy and billing records to maintain consistent pricing across distribution channels.
Governance moved toward centralized pricing control and standardized rating workflows, with FINYS Rating supporting rule governance and consistent quote to bind processes across Virginia Farm Bureau’s P&C business. The implementation narrative emphasizes that FINYS Rating operates as a foundational pricing engine within the carrier’s end to end insurance platform.
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Wayne Insurance Group | Insurance | 160 | $50M | United States | Finys | FINYS Rating | Insurance Pricing and Rating Engine | 2016 | n/a |
In 2016, Wayne Insurance Group implemented FINYS Rating as its Insurance Pricing and Rating Engine. The deployment was a web-based roll out of the Finys Suite designed to serve all three mutual companies in the Group, supporting personal auto, homeowners, dwelling fire, farm, and commercial lines and aligning pricing and rating workflows across the organization.
The FINYS Rating implementation was configured within a single, unified Finys architecture that uses the same user interface for internal employees, independent agents, and consumers. Functional capabilities implemented alongside FINYS Rating included core administration modules for policy, billing, and claims, regulatory reporting, and pre-integrated agent and consumer portals with mobile access, enabling rate to bind processing within the same system.
Integrations and operational coverage were focused on agent channel enablement, with a pre-integrated Finys portal providing agents with transaction access and information previously unavailable to them. The system was architected by Innovative Computer Systems as a holistic platform rather than a separate front-end and back-end, and Finys is offered to insurers as either onsite hosted or SaaS delivery depending on customer preference.
With the Finys implementation approximately 40 percent complete, Wayne Insurance Group had already launched a new property product called New Century using the platform, and planned additional policyholder-facing functionality after conversion is complete. Governance emphasis centered on consolidating multiple imaging and suite variations into a single vendor solution, prioritizing agent-focused workflows and a unified UI to standardize processing and reduce friction between stakeholders.
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