Investing $50 Million into AI & R&D, Insurity’s Andromeda Software Release Brings AI, Real-time Risk Intelligence, True Rating Transparency, and Instant Frontline Productivity Capabilities to Carriers, MGAs, and Brokers
Investing $50 Million into AI & R&D, Insurity’s Andromeda Software Release Brings AI, Real-time Risk Intelligence, True Rating Transparency, and Instant Frontline Productivity Capabilities to Carriers, MGAs, and Brokers
Insurity is the second largest insurance software provider, and its software is used by 500+ carriers and MGAs; these new capabilities change the landscape of how its clients compete and grow
HARTFORD, Conn.--(BUSINESS WIRE)--Insurity, a leading provider of cloud-based software for property and casualty (P&C) insurers, brokers, and MGAs, today announced the launch of its Andromeda product release, introducing a new wave of capabilities and intelligent automation across its product portfolio. The release gives insurers the horsepower to drive measurable gains through faster quoting, sharper risk assessment, and lowering costs.
The Andromeda release introduces powerful new features across Insurity’s full product family, providing insurers with greater transparency, control, and speed across underwriting, policy, claims, and analytics. Major enhancements include:
- Get instant, full transparency into premium calculations: See every rate, rule, and factor behind the number. Give underwriters the clarity and confidence they need for every quote, policy, and transaction across the entire policy lifecycle.
- Model the most realistic catastrophic risk scenarios: Support advanced modeling and reinsurance scenarios with multi-ring accumulation and location-level financial calculations to bring more power and accuracy to catastrophe modeling.
- Focus on the most profitable submissions: Remove guesswork and quickly identify the most profitable submissions to underwrite with intelligent, data-driven submission scoring.
- See claims data directly in underwriting workflows: Get a full picture of risk without switching systems by quickly reviewing claims data alongside policy information directly in the underwriting workflow to make faster, more informed decisions.
- Empower field teams to reduce and prevent losses: Perform surveys or inspections on the go with an intuitive mobile app designed for field efficiency and cleaner data capture.
- Automate mid-term producer license verifications for workers’ comp: Stay compliant and remove manual work by validating agent and branch state licenses automatically when a new unit is added via endorsement.
These updates bring intelligent automation, enhanced usability, and stronger integration across the Insurity ecosystem, empowering insurers to turn everyday decisions into meaningful business advantages. The full list of Andromeda features is available on Insurity’s website.
“Every insurer is unique, and we’re rapidly investing in R&D to bring our customers flexible software that enables them to maintain that uniqueness and grow profitably,” said Jatin Atre, Chief Business Officer and EVP of Software and Analytics at Insurity. “The Andromeda Release is focused on freeing insurers from rigid systems and empowering them with intelligent, flexible tools that fit the way they do business. Andromeda showcases how we’re delivering real innovation to solve the hardest problems for our customers.”
These innovations are part of Insurity’s broader investment of $50 million in R&D, a reflection of the company’s focus on long-term, sustainable product development that delivers value to customers. The Andromeda release reaffirms Insurity’s vision to empower insurers to grow profitably by providing products that launch effortlessly, deliver a hyper-configurable user experience, are purpose-built for commercial lines, and use AI to power smarter decisions for insurers.
To learn more about Insurity’s Andromeda release, please contact Elizabeth.Hutchinson@insurity.com.
About Insurity
Insurity is a leading provider of cloud-based software for insurance carriers, brokers, and MGAs. Insurity is trusted by 22 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, 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.
