HARTFORD, Conn.--(Insurity, Inc., a provider of core insurance processing software and services, today announced that American Resources Insurance Company (ARIC) has selected Insurity’s Policy Decisions as a hosted solution. The implementation is currently underway.)--
ARIC is reentering the property & casualty market and needed an updated policy rating and issuance system to support its multiple lines of business, including: auto, general liability, inland marine, BOP, umbrella, workers’ comp, crime 2000 and property. A key component of the ARIC reentry initiative was the selection and implementation of a modern policy administration solution. Relying on its past experience with Insurity, ARIC evaluated Insurity’s software and service offerings and found them to be the best fit for its needs. Insurity offered an outstanding technological and functional fit, a long history of success, and a solid reputation for insurance expertise, as well as provided a hosted option which is ideal for ARIC’s initial return to the market.
Commenting on the Insurity Policy Decisions selection, ARIC president Stephen Pate said, “When we made the decision to return to the market, we didn’t hesitate to reach out to Insurity to help us deliver on our plan. Given our previous successful relationship with Insurity, we were very comfortable with the Policy Decisions solution as well as the Insurity team. The hosted solution option was also attractive and will allow us to get to market quickly, without the typical high risk of traditional in house software approaches.”
Jeffrey Glazer, Insurity CEO, said, “It’s what our customers say about us that ultimately determines our success in this industry. We believe ARIC’s selection of Insurity for its processing needs speaks volumes and we couldn’t be more pleased in the opportunity to work with them. Our teams are already working side by side to ensure a successful production environment in short order so that ARIC and its agent community can begin processing the business and growing ARIC’s market share.”
Policy Decisions is Insurity’s flagship policy administration solution – a proven system that enables insurers to lower expenses, improve customer service and increase revenue. Policy Decisions delivers an unmatched combination of extensive features and functionality with configurability and flexibility to support all major processes in the insurance policy lifecycle.
American Resources Insurance Company, Inc. is a commercial property and casualty insurance carrier domiciled in the state of Alabama. It is fully licensed in Alabama, Georgia, Indiana, Kentucky, Mississippi, South Carolina, Tennessee and Virginia. It is a small regional carrier offering a full array of products designed to service the needs of predominantly rural market main-street type businesses.
Headquartered in Hartford, CT, Insurity, Inc. provides policy administration, claims, billing, and analytics software to more than 100 insurance companies. A market leader in deploying policy administration software and full service solutions to the property & casualty insurance market, Insurity’s solutions process billions of dollars of premium each month and address the needs of all carriers – large and small, national 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.