HARTFORD, Conn.--(BUSINESS WIRE)--Insurity, Inc., a provider of core insurance processing software and services, today announced that American Modern Insurance Group (American Modern), a U.S. specialty insurer, has selected Insurity’s policy administration solution, Policy Decisions, for its Open Lot Physical Damage business. By leveraging Insurity’s implementation methodology and American Modern’s own expertise, the value of this license selection will begin to be realized when the system goes into production within the year.
Policy Decisions will allow American Modern to:
- Migrate its specialty physical damage product to a robust technology platform and processing environment;
- Reduce costs while enabling operational improvements;
- Automate manual processes;
- Refine and streamline underwriting processing; and
- Facilitate improved communications with American Modern distribution channels.
Insurity was selected in large part due to its proven expertise in providing and successfully implementing solutions to automate and streamline processing for some of American Modern’s specialty lines, according to Bill Gottsacker, American Modern’s VP, Application Development.
“Insurity has a strong reputation in the insurance industry, especially when it comes to the complexity of specialty lines and dealing with bureau content,” Gottsacker said. “The depth of functionality and flexibility offered with Policy Decisions are an ideal fit for our unique needs.”
“We appreciate American Modern’s trust in us and in our Policy Decisions product,” Lani Cathey, Senior Vice President, Insurity said. “It is always a satisfying moment when our organization is acknowledged and recognized for the skills and expertise our team is able to bring to our customer’s business. American Modern knew they needed more than just a processing system – they also needed a committed partner with proven experience.”
About American Modern Insurance Group
American Modern is a widely recognized specialty insurance leader with more than 48 years of experience of delivering specialized products and services for residential property--like mobile homes and specialty dwellings--and for consumers in the recreational market, including owners of boats, personal watercraft, classic cars, motorcycles, ATVs and snowmobiles. The company also provides products and services to protect financial institutions and their customers. The insurers of American Modern are rated A+ (Superior) by the A.M. Best Company and have been selected for 14 consecutive years as one of the Ward Group’s Top 50 property and casualty companies in America. It is licensed in all 50 states through six property and casualty companies, insuring more than 1.7 million policyholders countrywide. The Cincinnati Business Courier recognized American Modern as one of its 2013 “Best Places to Work.”
About Insurity
Insurity, Inc. enables property & casualty insurers to modernize their enterprise and achieve their business goals. Insurity’s core processing applications and data integration and analysis solutions are backed by rich insurance expertise and are in production with over 100 insurers, processing billions of dollars of premium each month. Insurity’s solutions address the needs of all carriers – from 15 of the Top 20 insurers to small or regional commercial, personal, or specialty lines writers, as well as MGAs. For more information about Insurity, call 860-616-7721 or visit www.insurity.com. Connect with Insurity on Twitter, LinkedIn and Facebook.
