NexPhase’s investment will help Insurance Systems Inc. (“ISI”) continue to grow in existing markets and position the Company for expansion into adjacent markets. It will also contribute to facilitating product development allowing for more integrations, faster implementation as well as enhanced analytics for new and existing customers.
Founded in Canada in 1997, ISI is a leading policy administration system provider for P&C insurance carriers globally. Their best known product, ISI Enterprise, is a full policy lifecycle platform for insurance carriers.
Joel Killion, Partner at NexPhase, commented: “We are proud to partner with ISI, whose mission-critical software solutions and premier service have made the Company a partner-of-choice for customers in the property and casualty insurance industry, we look forward to working alongside Casey and the rest of the highly experienced management team in an effort to continue ISI’s track record of providing a leading platform and excellent service at scale.”
Casey Kretz, CEO of ISI added: “At ISI, our mission is to provide configurable solutions to meet the ever-evolving needs of our valued customers. We are pleased to have found the right partner in NexPhase to help us realise ISI’s long-term vision and potential, the ISI management team and I are excited to work closely with the NexPhase team to continue expanding our offerings, investing in our sales and implementation organisations, and enhancing our scalability.”
