HARTFORD, Conn.--(BUSINESS WIRE)--Insurity, a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, today announced that it is providing P&C carriers with the most digitally-capable, sanctions-compliant solution in the global cargo market following Lloyd’s Certificate Office closure announcement. Insurity is the leading vendor in the market for online certificates and is the most experienced vendor in servicing the Lloyd’s Cargo Insurance market.
In 2021, Lloyd’s Certificate Office announced its closure and that it will no longer be issuing certificates itself. Due to its deep experience, Insurity is one of two qualified vendors nominated by Lloyd’s to provide electronic certificates in its stead. Insurity’s cargo insurance management and certificate issuance solution, Insurity Marine Suite, is the most comprehensive, purpose-built software available, issuing nearly 4 million certificates annually from over 100,000 insurers, brokers, freight forwarders, and shippers worldwide.
Insurity’s cargo solution provides the capability to service global markets with any necessary certificate, not just Lloyd’s certificates. The digital platform is multi-browser, multilingual, multi-currency, and has complete digital platform capabilities, including built-in invoicing and billing, plus sanction screening. It provides customized branding, BI reporting and analytics, and support for complex multi-national policies. It is ideal for servicing all cargo policies, including complex freight forwarders and traders. Insurity’s Marine Suite enables cargo lines with complete functionality for managing shipment and storage declarations, certificate issuance, and the calculation of billings based on activity.
“Insurity is best positioned to help carriers evolve with the global cargo market and support the organizations looking to expand their business following the closure of the Lloyd’s Certificate Office,” said Sylvester Mathis, Chief Insurance Officer, Insurity. “In addition to completing Lloyd’s certificates with minimal migration impact or effort, Insurity’s Marine Suite will also allow carriers to manage all of their cargo business via a forward-looking, future proof, and technologically secure platform.”
To learn more about how your organization can leverage Insurity’s Marine Suite, please contact Laura Krause at Laura.Krause@Insurity.com.
About Insurity
Insurity is a leading provider of cloud-based software for insurance carriers, brokers, and MGAs. Insurity is trusted by 15 of the top 25 P&C carriers and 7 of the top 10 MGAs in the US and has over 400 cloud-based deployments. Through its best-in-class digital platform and with unrivaled industry experience and the industry’s most robust analytics offerings, Insurity is uniquely positioned to deliver exceptional value, empowering customers to focus on their core businesses, optimize their operations, and provide superior policyholder experiences. Insurity is a portfolio company of GI Partners and TA Associates. For more information, visit www.insurity.com.
