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Press release


INSURITY BECOMES THE LARGEST CLOUD SOFTWARE VENDOR SERVING 400+ P&C INSURERS IN
THE CLOUD, INCLUDING 330 IN AWS AND AZURE PUBLIC CLOUD

April 20, 2023

Insurity provides policy, billing, and claims to 22 of the top 25 P&C carriers
and 7 of the top 10 U.S. MGAs

 

HARTFORD, Conn.--(BUSINESS WIRE)--Insurity, a leading provider of cloud-based
software for insurance carriers, brokers, and MGAs, today announced that it has
reached a significant milestone, with more than 400 of its 500-plus customers
deployed in the cloud. Of these cloud deployments, more than 330 are in the
public cloud, with approximately half in AWS and the other half in Azure. This
benchmark further establishes Insurity as not only the cloud leader in P&C
insurance software, but the public cloud leader as well.

Insurity is a top 2 core system provider in the P&C industry and is trusted by
22 of the top 25 P&C carriers and 7 of the top 10 U.S. MGAs. Insurity empowers
insurance organizations to quickly capitalize on new opportunities by delivering
the world's most configurable, cloud-native, easy-to-use, and intuitively
analytical software. Its configurable, cloud-native platform enables insurance
organizations to quickly act on new opportunities and launch new insurance
products in as little as four weeks.

Insurity's Sure Suite products are deployed in the cloud by default for new
customers. Insurity uses microservices and leverages elasticity provided by the
public cloud, AWS and Azure, allowing customers to benefit from the unparalleled
scalability, security, and reliability provided by the public cloud. For
example, insurers using Sure Claims can easily handle the dramatic increases in
claim volume that typically occurs following a natural disaster while ensuring a
seamless policyholder experience.

“Insurity remains laser-focused on enabling insurance organizations to harness
the power of the cloud through our proven and cloud-native software. As evidence
of this commitment, despite ARR growing 20% and more than 50 go-lives in the
past year, Insurity has not signed a single on-prem customer in the past three
years. We are fully focused on growing through cloud-based solutions,” said
Chris Lafond, Chief Executive Officer at Insurity. “Further, by the end of 2023,
Insurity is projected to have over 90% of our 400 cloud-based customers fully
deployed in the public cloud. This not only shows our dedication to helping our
customers derive the benefits of the public cloud, but also underscores the
industry's acceleration toward embracing the public cloud.”

“Coupled with Insurity's configurable and cloud-based platform, operating on the
public cloud provides insurance organizations with the scalability, security,
and reliability needed to succeed in today’s market,” said Jonathan Victor,
Chief Information Officer at Insurity. “By leveraging AWS and Azure's robust
infrastructure and Insurity's industry-leading software, insurers can quickly
launch new products, respond to market changes, and improve overall business
agility, ultimately providing superior value to their policyholders."

To learn more about Insurity’s cloud-native solutions, get in touch with
Elizabeth Hutchinson at 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 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.


RECENT PRESS RELEASES

 * Insurity Celebrates its 15-Year Partnership with RCG Global Services, Marking
   a Legacy of Trust, Growth, and Digital Transformation
 * Insurity Announces Bradley Bodell, Chief Information Officer at Ryan
   Specialty, to Give Keynote Address at Excellence in Insurance Conference
 * Insurity Launches Circ, a Best-in-Class Solution for Seamlessly Managing
   Regulatory Changes, and Expands Its #1 Market Position as the Software
   Provider Managing Regulatory Changes for Over 125 P&C Insurers
 * Web Connectivity Limited Partners with Insurity to Further Expand its Sure
   Underwriting Solution to the London Market
 * Victory Insurance Goes Live on Insurity's Sure Claims Payments, Allowing Near
   Instant Delivery of Claims Payments and Increased Payment Optionality for
   Policyholders


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