Insurity, a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, was recognized as a “Dominant Provider” and “Established Player” in the 2021 Novarica Market Navigator Report for Property & Casualty (P&C) policy administration systems.
The Novarica Market Navigator Report assists P&C insurers in selecting the best providers based on vendor market position and solutions.
Novarica awarded Insurity top recognition for four of its policy administration systems, more than any other provider. These solutions included Insurity’s Insurance Decisions Suites, Bridge Specialty Suite, Workers’ CompXPress, and InsuranceEnterprise. Instec, an Insurity company, also earned an “Established Player” recognition for its policy solution.
The Novarica Market Navigator report for P&C policy administration systems provides an in-depth analysis of the available policy administration systems for P&C insurers. Nearly 50 solutions were profiled and segmented into four categories: Dominant Providers, Established Players, Contenders, and New Entrants. Dominant Providers have strong market positions and momentum with well-known solutions. Established Players have generally been in the market longer and have substantial customer experience. Contenders have substantial customer experience and momentum. New Entrants represents emerging providers in this segment.
“Insurity is proud to be recognized by Novarica as a market leader for our policy administration solutions,” said Ivan Latanision, Chief Product Officer at Insurity. “Insurity’s demonstrated best-in-class policy solutions combine powerful capabilities for core policy, billing, and claims processing with built-in reporting and intuitive data analytics to offer insurers a complete end-to-end solution. Combined with our deep technical experience, this enables us to provide P&C insurers and their policyholders with exceptional service, support, and rapid growth.”
Insurity is a leading provider of cloud-based software and analytics for insurance carriers, brokers, and MGAs. Insurity is trusted by 15 of the top 25 P&C carriers in the US and has over 200 cloud-based deployments. Through its best-in-class digital platform and with unrivaled industry experience and thought leadership, 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. For more information, visit www.insurity.com.