HARTFORD, Conn.--(EON: Enhanced Online News)--Insurity, Inc. a leading provider of core insurance processing and data integration and analytics solutions held its annual Analyst Forum on November 14-15 at the Biltmore Hotel, Providence, Rhode Island. Attendees included industry analysts from Novarica, Celent, and Strategy Meets Action in addition to partners IVANs and West Monroe Partners. The forum provided industry analysts with an update on the latest company developments and insight into projects in production and in flight with a record 19 new customers and 20 successful implementations in 2016.
“The event was very successful. We are always excited to have our customers showcase successful projects and we enjoy the discussions that happen at this event on what’s happening in the market”
This year’s forum featured customers and how they are utilizing Insurity and Oceanwide solutions. Discussion also focused on the state of the P&C insurance industry and the changes seen among the “Next-Gen” insurer. Attendees heard from Allstate, Tokio Marine HCC, and Employers Insurance Group. John White from Allstate demonstrated Allstate’s Commercial Self Service project which is supported by Insurity Policy Decisions’ new UI capabilities; Teresa Mencel from Tokio Marine HCC reviewed the self-configuration capabilities of the Bridge product supporting the company’s Crisis Management project; Larry Rogers from Employers Insurance Group spoke about the workers’ compensation system of the future and how they will leverage Policy Decisions to realize that vision.
Karen Furtado of SMA noted that, “The event featured fabulous case studies from customers that have utilized the Insurity and Oceanwide solutions to make a significant difference in their operations. The day showcased the holistic approach being taken by Insurity and Oceanwide to address the unique needs of different insurers both today and into the future. I was particularly impressed by the number of new customers added in 2016, evidencing their success in the marketplace.”
The Insurity and Oceanwide teams presented the latest product investments and use cases for the core products and Insurance Enterprise View (IEV). A demonstration of the integrated Bridge Portal and Policy Decisions ISO solution now being implemented with several customers showcased the benefits of leveraging the assets of both organizations. Oceanwide also provided a sneak peek of its new Smart UI functionality.
“The event was very successful. We are always excited to have our customers showcase successful projects and we enjoy the discussions that happen at this event on what’s happening in the market,” commented Jeffrey Glazer, CEO, Insurity.
Insurity, Inc. enables property & casualty insurers to modernize their enterprise and achieve their business goals. Insurity’s core processing applications and data integration and analytics solutions are backed by rich insurance expertise and are in production with over 100 insurers, processing billions of dollars of premium each month. Insurity’s solutions address the needs of all carriers – from the Top 20 insurers to small or regional commercial, personal, or specialty lines writers, as well as MGAs. For more information about Insurity, call 860-616-7721 or visit www.insurity.com. Connect with Insurity on Twitter, LinkedIn and Facebook.
Oceanwide, an Insurity company, delivers SaaS core processing solutions to property and casualty (P&C) insurers of all sizes to enable faster reactions to market changes, easy configuration and management of new and existing products for increased speed and lower costs across all lines of business, virtually eliminating professional service fees. Web-enabled and fully-configurable by end users without custom programming, Oceanwide’s insurance software solutions automate core administration (policy, billing, and claims), as well as underwriting, document generation, agent/consumer portals and reporting. Globally, Oceanwide’s software fills gaps in existing legacy systems and provides a modern, end-to-end solution for insurers. For additional information, please visit the Oceanwide website at www.oceanwide.com, or call (888) 289-7744.