Revolutionizing Claims Payments with Insurity

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Revolutionizing Claims Payments with Insurity

Streamlined Claims Payment Process

Insurity Claims Payments offers a comprehensive solution for streamlining the claims payment process. By managing payments in a single workflow from approval to issuance, this platform enables companies to pay claims in just 30 seconds. With integrated digital payment options, insurers can provide payees, claimants, and vendors with a variety of payment types, including check, ACH, virtual card, and real-time payments. The system eliminates manual processes with a single, integrated workflow and a configurable automatic 'fallback to check' option, reducing operational inefficiencies and ensuring timely payments.

Enhanced Policyholder Experience

Insurity Claims Payments empowers insurance companies to exceed policyholder expectations by offering faster, more convenient claims payment options. Policyholders can receive payments instantly through branded emails, a secure portal, and virtual cards, enhancing the overall claims experience and boosting satisfaction levels. By reducing payment costs by 50% when switching from checks to digital payments, insurers can avoid late payments and penalties, providing policyholders with instant access to their funds. The platform differentiates the claims experience, creating a modern and efficient payment process that meets the needs of today's policyholders.

Operational Efficiency and Integration

Insurity Claims Payments is API-enabled, allowing for quick integration with Insurity claims systems or third-party claims systems. This seamless integration enables companies to start issuing digital payments immediately, with no implementation or license fees. By combining branded services with streamlined processes, insurers can build trusted relationships with policyholders and increase operational efficiency. The platform eliminates time-consuming and manual check-based processes by implementing a single process flow that integrates with existing claims systems, simplifying payment management from approval to settlement.

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Empower Underwriters with Insurity Geospatial Analytics

Comprehensive Risk Assessment

Insurity Geospatial offers a comprehensive view of risk by allowing users to explore correlations among exposures, modeled loss, hazards, claims experience, and third-party data. This capability enables insurance professionals to make informed decisions across the entire policy lifecycle.

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Revolutionizing the Insurance Industry with Insurity’s Cloud-Native Solutions

Insurity's Growth and Market Position

Insurity, a prominent provider of cloud-based software solutions for insurance carriers, brokers, and MGAs, has recently seen a remarkable surge in revenue, exceeding $300 million in 2022. With a customer base exceeding 500, including major industry players like P&C carriers and MGAs, Insurity has solidified itself among the top 2 market leaders in the insurance software sector. The company's suite of products, ranging from policy to billing, claims, and analytics software, caters to all aspects of the policy lifecycle, demonstrating its comprehensive and robust offerings.

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Empower Your Insurance Premium Audit Process with Insurity Premium Audit

Automating Premium Audits for Efficiency

Insurity Premium Audit offers a comprehensive solution to automate the entire insurance premium audit process, allowing insurance companies to uncover missing premiums efficiently. By eliminating time-consuming manual audit processes, the platform enables organizations to collect millions in additional premiums without the need to hire additional auditors. Leveraging cloud-native and configurable software, Insurity Premium Audit streamlines audits from creation and assignment to the submission of final reports.

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Empower Your Predictive Capabilities with the Valen Data Consortium

Enhanced Predictive Power

The Valen Data Consortium, offered by Insurity, is a revolutionary solution that empowers insurance companies with enhanced predictive power for Property and Casualty (P&C) policies. With access to a massive database containing $109 billion in premium across all standard P&C lines of business, this consortium provides a comprehensive repository of P&C policy, claims, billing, and submission data. By combining this proprietary dataset with over two dozen third-party data sources, the Valen Data Consortium offers unparalleled depth and breadth to insurers' data, significantly extending their predictive capabilities.

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Transform Business Logic with Insurity Spreadsheet API: Launching Insurance Products Faster and More Efficiently

Insurity Spreadsheet API Solution Overview

The Insurity Spreadsheet API, powered by Coherent Spark, offers a cutting-edge solution to expedite the launch of insurance products by converting business logic from spreadsheets into easy-to-use APIs. This transformation allows companies to streamline their operations, saving time and resources. With cloud-native integrations, businesses can scale their processes seamlessly with native integrations to Insurity systems, ensuring a smooth transition. The robust and easy-to-use APIs provided by Insurity enable the launch of new insurance products in a matter of weeks, a significant reduction from the traditional months-long process. Businesses can review API outputs quickly using their original spreadsheet formats through the innovative concept of Spreadsheet Rehydration. This feature enhances efficiency and speeds up the validation process of the transformed business logic.

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