Insurity Acquires Instec, Accelerating Solutions for the $40 Billion Program Business and Further Empowering Mid-Size P&C Carriers and MGAs to Rapidly Grow Through Bureau Content-Enabled Software
Summary
HARTFORD, Conn.--(BUSINESS WIRE)--Insurity, a leading provider of cloud-based software for P&C carriers, brokers, and MGAs today announced that it has completed the acquisition of Instec. Instec’s unique approach to insurance solutions enables mid-size P&C carriers and MGAs to migrate, launch, or expand complex commercial offerings from project initiation to first quote in as little as four weeks. Instec’s out-of-the-box ISO and NCCI content, delivered 90 to 120 days ahead of the effective date, enables P&C carriers to rate, quote, and issue policies faster than competitors. “ Instec customers will benefit from Insurity’s comprehensive ecosystem, including its $100 billion data consortium, advanced analytics, and digital products, in addition to our shared focus on serving the MGA market. Instec’s unique approach to systems for the insurance industry enables P&C carriers, MGAs, and MGUs to launch programs and specialty offerings from project start to first quote in as little as four weeks.
