Insurity, the leading provider of cloud software for insurance carriers, brokers, and MGAs, announced that Datos Insights, formerly known as Aite-Novarica Group, has recognized Insurity as a Dominant Provider of MGA core systems. Datos Insights defines a dominant provider as having strong market positions and momentum with solutions being well-known in the industry segment. Insurity is the largest provider of cloud-based software to insurance carriers, brokers, and MGAs and is trusted by seven of the top 10 U.S. MGAs.
Datos Insights, a research and advisory firm with a focus on the insurance industry, provides strategic insights to help insurance organizations make informed technology decisions. The latest report offers a comprehensive overview of the MGA market and its different solution providers. The report highlights how the rapid expansion of the MGA marketplace has resulted in a shift to cloud adoption and Software-as-a-Service (SaaS) offerings.
Insurity had two solutions recognized in the Datos Insights report. Sure MGA Suite provides MGAs with an underwriting platform, policy, billing, claims, trading and distribution, agency management, and advanced data analytics. MGAs can reduce the time spent through quote, bind, and issue and confidently expand into new markets.
Sure Submission Gateway is an offering of Insurity’s Sure MGA Suite managing delegating authority and advancing underwriting efficiency for insurers, allowing instant access to configured programs that enforce the latest defined underwriting guidelines, rating, and moratorium updates.
“We are thrilled to be recognized in Datos Insights’ latest report as a Dominant Provider of MGA solutions,” said Sylvester Mathis, Chief Insurance Officer at Insurity. “Insurity has continued to deepen and strengthen our leadership in the MGA space through our acquisitions of Epic-Premier, Bill-It-Now, Virtual MGA, and Instec as well as by our relentless focus on creating the most comprehensive MGA product suite for the open digital ecosystem. This recognition by Datos Insights is further evidence that Insurity is leading the way in providing capabilities MGAs need to succeed in today’s market.”
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