Insurity announced enhancements to its Billing-as-a-Service platform, stating the outsourced model now delivers a lower total cost than internally managed billing for property and casualty insurers and managing general agents.
The Hartford-based insurtech provider targets operational expense tied to in-house billing teams.
Staffing, reconciliation workloads, compliance monitoring, system upkeep, and delayed premium collection cycles drive hidden cost layers many carriers underestimate.
Insurity centralizes payments, collections, and reconciliation within a standardized cloud environment rather than fragmented internal systems.
The platform supports direct bill, agency bill, and multi-layered billing arrangements through a shared services structure.
Insurity states carriers scale transaction volumes without adding headcount or building parallel billing infrastructure. As volumes increase, cost per transaction declines.
According to Beinsure analysts, billing operations often represent one of the most underestimated cost centers in smaller P/C organizations.
David Giacomini, VP and Senior Business Unit Leader, argues smaller carriers, mutuals, and MGAs frequently assume internal billing remains cheaper until they account for full labor allocation and compliance overhead.
He positions the service as a full operational replacement, with Insurity assuming end-to-end billing responsibility while maintaining workflow visibility demanded by insurance finance teams.
Many smaller carriers, mutuals, and MGAs believe billing is cheaper to manage internally until they fully account for staffing, reconciliation work, compliance oversight, system upkeep, and delayed time-to-cash,
David Giacomini, VP, Senior Business Unit Leader, Insurity
“Insurity Billing-as-a-Service gives carriers and MGAs a straightforward replacement. We take full ownership of billing operations and deliver it at a lower total cost while providing the transparency and flexibility insurance workflows demand,” says David Giacomini.
Insurity integrates with a global banking institution and third-party providers handling payment processing, lockbox services, and document management.
The company says this structure simplifies onboarding of new lines of business without requiring new billing hires or system extensions.
President Jatin Atre frames the offering around growth capacity. Carriers want policy issuance volume, not billing infrastructure management.
He describes the model as reducing operating costs, tightening financial operations, and accelerating time-to-cash by removing administrative bottlenecks that slow producers and underwriting teams.
Insurity Billing-as-a-Service gives them a clear economic advantage by providing a smarter alternative to costly, in-house billing. It reduces operating costs, simplifies financial operations, and more importantly, removes the friction that slows down producers and policy issuance.
Jatin Atre, President, Insurity
Insurity delivers cloud-based software platforms across policy, billing, and claims for carriers, brokers, and MGAs.
The expanded Billing-as-a-Service model positions the company deeper inside back-office outsourcing as insurers reassess fixed-cost structures and scalability across premium growth cycles.
