August 28, 2019
Chris Giglio Remains on Board of Directors as Software Provider Continues Growth and Innovation
HARTFORD, Conn., August 28, 2019 – Insurity, Inc., a leading provider of cloud-based solutions and data analytics for the world’s largest insurers, brokers, and MGAs, today announced the appointment of Chris Lafond as its chief executive officer, succeeding Chris Giglio, who will remain on Insurity’s board of directors.
Lafond has been part of the Insurity executive team since 2017, previously serving as the company’s chief financial officer. The leadership transition is effective immediately, and will support the next phase of the company’s growth and innovation.
“It is with a great deal of excitement that I announce the appointment of Chris Lafond as the new CEO of Insurity,” said Chris Giglio. “Chris and the Insurity leadership team will be responsible for driving Insurity to the next level, building upon the solid foundation and momentum achieved by all Insurity team members. Our corporate strategy and priorities are not changing; I will continue to be involved with the company as a member of the board of directors, supporting Insurity’s strategic initiatives, Chris, and the entire Insurity team.”
Giglio added: “It has been a tremendous honor to serve as the CEO of Insurity, and I am incredibly proud of everything our team has accomplished together in just two years. Since the transition to our “ONE Insurity” client-centric strategy, we have established financial strength and market leadership, incorporating all of the experience, expertise, and technological innovation across the company. We’ve made meaningful progress toward our company priorities, and Chris has played an integral role, leading Insurity as CFO and as a board member since November 2017. The board and I are confident that Chris is the right person to build upon this momentum and to begin our next stage of growth and innovation. He is a seasoned leader with significant experience operating efficiently at scale and delivering value to our employees, investors, and clients. We are fortunate to have him as our next CEO.”
Chris Lafond said, “I know that I speak for everyone at Insurity in thanking Chris for his leadership and tireless dedication to the company. I am incredibly excited to assume this new role and excited about what we will achieve going forward. We have an exceptionally talented team at Insurity, focused on taking decisive action to transform the business, deliver extraordinary service to our clients, continue to innovate our products, and unlock future growth opportunities.”
Insurity’s transformation is already delivering results, including:
- Double-digit revenue growth
- 40%+ year-over-year bookings growth
- 97% client retention
- 200+ cloud implementations—the most in the market—and 93% new logo cloud clients
Travis Pearson of GI Partners said, “The Insurity board of directors thanks Chris Giglio for his deep commitment and passion, which helped lead the company to achieve outstanding results. We are excited to welcome Chris Lafond to the CEO role, with confidence that his leadership will drive accelerated growth, meaningful innovation, and, above all, a continued sharp focus on Insurity’s clients.”
Insurity is a leading provider of cloud-based solutions and data analytics for the world’s largest insurers, brokers, and MGAs. Through its best-in-class digital platform and with unrivaled industry experience, Insurity empowers clients to focus on their core businesses, optimize their operations, and deliver superior customer experiences. With users worldwide and more cloud-based deployments than any other core system provider in the insurtech space, Insurity is trusted by 15 of the top 25 property/casualty carriers in the US. For more information, visit www.insurity.com.