HARTFORD, Conn. & SANTA BARBARA, Calif.--(BUSINESS WIRE)--Insurity, Inc., a provider of core insurance processing software and services, and Social Intelligence, the leading provider of social media predictive risk assessment tools and data, today announced the integration of Social intelligence’s Social Media Risk Scoring solution.
The Social Intelligence offering will be integrated with Insurity’s Insurance Decisions suite of policy lifecycle software solutions to enable real-time predictive scores based on the online presence of participating insurance customers. Armed with this powerful insight, Policy Decisions clients will be able to leverage social media data of participating customers, offer discounts to better assess risk, and fast track claims processing for qualified policyholders.
Commenting on the planned integration, Clyde Owen, Vice President of Sales Solutions at Insurity, noted, “We are pleased to be working with the innovative team at Social Intelligence. They offer the unique combination of social media data, analytics, and expertise in insurance. Together we will bring significant opportunities for new insights into insurance consumers that will make for better risk decisions, and enhanced processing efficiencies and customer service.”
Max Drucker, Social Intelligence CEO, added, “As a data set, an online presence can provide new and significant information on individuals or business – information that enables insurers to have greater insight into existing and potential customers. The core processing strength of the Insurity solutions and our data set and risk scoring is a powerful combination enabling us to bring to life an enhanced, predictive, and less costly alternative for assessing insurance risk.”
Insurity’s Insurance Decisions Suite includes solutions for agency portal, underwriting workstation, policy administration, billing and claims. Insurity also offers Insurance Enterprise View, a modular enterprise solution that aggregates a wide range of insurance data and applications including policy, claims, billing and reinsurance as well as hosting and business services including regulatory support.
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 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.
About Social Intelligence
Social Intelligence is a new breed of insurance data provider making social media and Internet of Things (IoT) data actionable via predictive scoring algorithms and SaaS-based analytics tools. Social Intelligence helps insurers capitalize on the social data explosion as a tool for improving insurance risk assessment, and is widely-recognized as the industry’s de facto resource for social media and connected devices data. By leveraging a dynamic group of data scientists, developers, and insurance professionals, Social Intelligence is transforming the insurance data industry and making insurance relevant to a new generation of insurance consumer. Visit www.socialintel.com for additional information.