Insurity, the insurtech provider of cloud software for insurance carriers, brokers, and MGAs, has expanded an AI-driven solutions for P&C insurance, thanks to its cloud-native AI software.
Insurity has been a clear market leader in analytics and its investment in AI technologies builds on this core strength for the company.
Insurity’s cloud-native AI solutions are purpose-built to address the specific needs of P&C insurance and transform the policyholder experience.
Insurity’s always-on, AI-powered support suite offers 24/7 availability, allowing policyholders to access instant support at any time through their preferred communication channels and eliminate the frustration of long wait times.
This is especially critical for insurers who may face large increases in claims after natural disasters or other major events. By using AI smartly in these cases, insurers can serve their policyholders faster during the critical days after a natural disaster.
Insurers using Insurity’s AI have experienced a 75% reduction in average support time, significantly enhancing the policyholder experience and improving operational productivity.
Insurity is already the public cloud leader, with more than 330 of its customers deployed in AWS and Azure.
These investments in cloud technologies enable Insurity’s software to quickly plug into the emerging AI technologies, APIs, and microservices that are easily accessed through public cloud technologies.
Along with its own investments in analytics and AI, Insurity’s robust cloud infrastructure is breaking new ground in transforming the future of insurance operations.
Our commitment to investing in cutting-edge technology significantly outpaces that of our competitors
Chris Lafond, Chief Executive Officer at Insurity
Insurity’s AI investments are poised to transform P&C insurance. With current AI tools, insurers can now deliver faster, more personalized service without sacrificing profitability, setting a new standard in customer experience.
In September, Insurity launched of Circ, its offering, to monitor, analyze, interpret, and implement regulatory changes.
Insurity’s regulatory solution is already trusted by over 125 commercial lines insurers that represents over $30 bn in gross written premium, expanding Insurity’s market position as the software provider of regulatory services management for P&C insurers.
Circulars are a critical source of information distributed by rating bureaus that detail the latest filings of rules, forms, actuarial analysis, and P&C industry developments.
Many P&C organizations regularly review industry developments impacting commercial lines insurance products to inform their understanding of the market.
by Peter Sonner
