Insurity
Claim this toolEmpowering P&C insurers and MGAs with configurable, cloud-native software for policy, risk, and audit management.
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Reviews onG2
4 reviews trackedThe Bottom Line
Entry price
Paid plans only
Biggest pro
Handles extensive regulatory changes, reducing manual effort for compliance.
Biggest con
Specific pricing details are not publicly available, requiring a demo or direct inquiry.
TL;DR - Insurity
- Provides cloud-native P&C insurance software for policy administration, risk analytics, and premium audits.
- Automates regulatory compliance, processes high-volume policies, and offers real-time geospatial risk intelligence.
- Designed for scalability and efficiency, helping carriers and MGAs accelerate growth and reduce operational costs.
Pricing: Paid only
Best for: Enterprises & pros
What is Insurity?
Insurity provides comprehensive, cloud-native software solutions specifically designed for the Property & Casualty (P&C) insurance industry, catering to carriers and Managing General Agents (MGAs). The platform addresses critical challenges such as managing regulatory changes, processing high-volume policies, assessing risk exposure, and automating premium audits. It offers a suite of tools including Policy Decisions for streamlined policy administration, SpatialKey for real-time geospatial risk intelligence, and Premium Audit for AI-powered automation of audit processes.
The platform is built for performance and scalability, enabling insurers to modernize operations, accelerate quoting, and achieve deeper rating transparency. It helps organizations reduce manual effort, mitigate risk, and drive profitable growth by providing a robust foundation for launching new programs and expanding into new lines of business. Insurity's solutions are trusted by top P&C carriers and MGAs for their ability to handle complex regulatory environments and large-scale demands.
Available on: Web
Pros & Cons
Pros
- Handles extensive regulatory changes, reducing manual effort for compliance.
- Significantly speeds up policy processing and underwriting, improving cycle times.
- Provides advanced risk intelligence for better decision-making and exposure identification.
- Scalable architecture supports rapid launch of new programs and business expansion.
- Automates premium audits, leading to more accurate premium capture and efficiency.
Cons
- Specific pricing details are not publicly available, requiring a demo or direct inquiry.
- Primarily focused on the P&C insurance sector, which may not suit other insurance types.
Ratings Across the Web
4.1(4 reviews)
Ratings aggregated from independent review platforms. Learn more
Key Features
Policy administration from quote through issuance and post-issuanceReal-time geospatial risk intelligence and portfolio aggregation (SpatialKey)AI-powered automated premium audit processesManagement of 12,000+ regulatory changes annually across all 50 statesFull rating support with automatic calculations of taxes, fees, and surchargesHigh-volume policy processing for thousands of vehicles or propertiesAutomated notifications for events impacting portfolios to identify potential claimsPurpose-built platform for underwriting and reporting (Insurity Pro Suite)
Pricing
Paid
Insurity offers paid plans. Visit their website for current pricing details.
Reviews
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Insurity FAQ
How does Insurity help P&C insurers manage regulatory changes?
Insurity is designed to handle extensive regulatory changes, which helps P&C insurers reduce manual effort associated with compliance. Its cloud-native software provides a robust foundation for navigating complex regulatory environments.
Which teams within an insurance company would benefit most from Insurity?
Insurity is best suited for teams involved in policy administration, underwriting, risk assessment, and premium auditing within Property & Casualty insurance carriers and Managing General Agents (MGAs). It helps these teams modernize operations and improve efficiency.
How does Insurity compare to Guidewire for P&C insurance operations?
Insurity, like Guidewire, provides comprehensive software solutions for the P&C insurance industry, focusing on policy, risk, and audit management. Insurity specifically emphasizes empowering P&C insurers and MGAs with configurable, cloud-native software to handle complex regulatory environments and high-volume demands.
What kind of risk intelligence does Insurity provide?
Insurity offers advanced risk intelligence through tools like SpatialKey, which provides real-time geospatial risk intelligence. This helps insurers with better decision-making and identification of exposure.
How is Insurity priced?
Insurity is a paid product and does not include a permanently free tier. Specific pricing details are not publicly available and typically require a direct inquiry or demo.
Can Insurity be used for insurance types beyond Property & Casualty?
Insurity is primarily focused on the Property & Casualty insurance sector. Its solutions are specifically designed to address the unique challenges and demands of P&C insurers and MGAs, which may not suit other insurance types.
How does Insurity automate premium audits?
Insurity automates premium audits through its Premium Audit tool, which leverages AI-powered automation. This leads to more accurate premium capture and increased efficiency in the audit process.
Source: insurity.com