Designed for both personal and commercial lines in the property and casualty (P&C) insurance sector, the solution reflects Insurity’s commitment to delivering modern, comprehensive, and cloud-native technology to multiline carriers across all levels.
With more than 330 customers using its software on AWS and Azure, Insurity has solidified its position as the largest cloud software provider for the P&C insurance industry. The claims solution is designed to reduce costs and enhance agility by allowing carriers to quickly adjust claims processes without the need for IT support, which accelerates downstream adjustments.
The claims solution offers the ability to rapidly adjust loss assignments, business rules, automated correspondence, and more in hours rather than days. This enables business users to modify the system’s configurations without requiring coding or database development while maintaining the foundational implementation.
Additionally, the solution integrates with over 50 third-party services across various lines of business, enabling quicker and more cost-effective implementations. Integrated with Insurity’s AI Assistant, the claims intake process can be expedited by up to 75%.
Insurity’s claims configuration and integration capabilities represent a significant advancement in streamlining the insurance claims process. This new development positions Insurity as a transformative force in the industry.
Sylvester Mathis, Chief Insurance Officer at Insurity, stated, “Insurity’s claims solution is designed to provide insurers with the agility and efficiency needed to face the challenges of today and tomorrow within the P&C insurance industry. The solution’s immediate update capability, such as responding to natural disasters, allows insurers to manage claims effectively under rapidly changing conditions. This ensures enhanced responsiveness and service, crucial for maintaining customer trust and satisfaction.”
Moreover, Insurity is at the forefront of incorporating artificial intelligence (AI) into claims management. Recognizing the hesitation many carriers have toward adopting AI due to budgetary and knowledge constraints, Insurity is pioneering practical examples and guidance for AI’s use in the claims process, sparking excitement about the future of insurance.
“Insurity’s latest enhancements to our claims solution reaffirm our role as both a technology provider and strategic advisor in the insurance sector,” said Frank Heaps, VP & GM, Carrier Markets at Insurity.
He added: “By alleviating common concerns related to the claims process, offering a system that simplifies complex problems, and supporting AI capabilities, Insurity is setting new standards for what insurers can expect from their technology solutions.”
Source: Insurity
