November 18, 2020
New Templates Simplify Professional Liability, Marine Cargo, and Commercial Package Policy LOBs
Hartford, CT – November X, 2020 – Insurity, LLC, a leading provider of cloud-based core system solutions and data analytics for the world’s largest insurers, brokers, and MGAs, today announced new out-of-the-box templates for its cloud-based Bridge Specialty Suite. The new templates for professional liability, marine cargo, and non-bureau-based commercial package policy (CPP) lines will reduce solution implementation costs up to 60% and significantly improve speed-to-market for insurance clients.
Bridge Specialty Suite is an end-to-end core system solution designed for specialty line insurers, offering superior functionality and configurability across policy administration, billing, and claims management, as well as integrated business intelligence reporting and analytics. In addition to managing diverse specialty lines within a single platform, the suite runs on Insurity’s Digital Services Platform, enabling connections with third-party data and systems via APIs, empowering carriers with the flexibility to achieve business goals without technology constraints.
The new templates provide pre-built user interfaces, workflows, and business rule configurations that automate rating, document generation, referrals, email triggers, and more, based on the unique requirements of each line of business. The standardized approach of the templates will not only accelerate the implementation but will also streamline the maintenance of business rules, rates, and forms, enabling insurers to easily apply new version changes and updates.
“The new Bridge templates help insurers deploy and run diverse specialty businesses as smoothly as standard property and casualty lines,” said Ivan Latanision, chief product officer at Insurity. “They will enable our clients to quickly integrate specialty lines at substantially lower implementation costs, while still providing the flexible self-service capabilities the solution is known for. There is no better option on the market for creating comprehensive and scalable specialty line products.”
For more information on Bridge Specialty Suite and the rest of Insurity’s integrated suites, visit www.insurity.com.
Insurity is a leading provider of cloud-based core system 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 and thought leadership, Insurity is uniquely positioned to deliver exceptional value, empowering clients to focus on their core businesses, optimize their operations, and provide 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 and casualty carriers in the US. For more information, visit www.insurity.com.