HARTFORD, Conn.--(Insurity, Inc., a provider of core insurance processing software and services, today announced that DataCede and Insurity have signed a partnership agreement to offer a comprehensive reinsurance solution to complement Insurity’s Insurance Decisions Suite. The Insurity/DataCede partnership enables the integration of DataCede’s CedeRight Reinsurance Solution with Insurity’s Insurance Enterprise View as well as the Insurance Decisions Suite, Insurity’s set of comprehensive core insurance processing applications — policy administration, billing, claims, reporting and portal solutions.)--
“Insurity’s choice to integrate our new CedeRight Reinsurance Service into their suite of products is proof of their commitment to deliver the finest and most advanced processing solutions to the insurance industry”
With the addition of CedeRight, Insurity is now able to offer its clients and other carriers in the property and casualty (P&C) market a single end-to-end, and fully integrated solution to allow for the replacement and consolidation of multiple legacy systems, including reinsurance legacy systems, to a common Insurity provided P&C platform.
“Insurity’s choice to integrate our new CedeRight Reinsurance Service into their suite of products is proof of their commitment to deliver the finest and most advanced processing solutions to the insurance industry,” said Joseph Zarandona, DataCede’s CEO. “Reinsurance processing has become a critical issue to CFOs, who are facing greater regulatory and rating agency scrutiny to secure their reinsurance recoverables as part of their solvency.”
Jeffrey Glazer, Insurity CEO, added, “Insurity is well known and respected in the property and casualty market for our experience and our technology offerings, but we felt we needed a better answer for our clients’ reinsurance needs. We sought out a partner who not only was a technology complement to Insurity, but one who also shared our values and commitment to quality and client success. We found these same attributes in DataCede and we look forward to a long relationship with a focus on giving our mutual clients only the best in software and services.”
Headquartered in Princeton New Jersey, DataCede is a leading provider of operational consulting services to the Property & Casualty insurance industry. DataCede provides the next-generation of technology products including the newest, cloud based reinsurance service on the market today, CedeRight® Reinsurance Service. The company offers a full complement of insurance consulting, technology development, integrations, staff augmentation and premium offshore BPO services. For more information about DataCede, call 877-789-CEDE or visit www.datacede.com.
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.