Insurity Announces Philadelphia Insurance Companies is Live with ‘Policy Decisions Evolution’ to Improve Business Operations
HARTFORD, Conn.--(BUSINESS WIRE)--Dec 4, 2018--Insurity, Inc., a provider of a leading insurance platform that includes policy, billing, claims, data analytics, and digital enablement solutions, announced that Philadelphia Insurance Companies (PHLY), a provider of commercial property and casualty insurance products and services, has successfully deployed its property and general liabilities lines of business (LOB) on Insurity’s Policy Decisions Evolution (PDE). The project was delivered in an accelerated five-month timeline that included deployment and packaging of the two LOBs, as well as customization of downstream billing support.
PHLY was looking to expand the Excess and Surplus (E&S) division and grow its Property LOB, requiring a robust policy administration system to reduce manual processes and replace multiple disparate systems. Since going live with PDE, PHLY’s end users have already experienced increased efficiency and ease-of-use. The insurer can now operate both property and general liability products in one centralized platform for streamlined workflow and a simpler way of bundling policies.
“The Insurity team’s expertise in specialty lines uniquely positioned them to meet our needs,” said Prashant Awadhiya, AVP, Package Application Development for Tokio Marine North America Services, which is the in-house shared services organization providing PHLY’s technology support. “The team recognized our challenges and worked diligently to overcome them. From the timely handling of deliverables to flexibly accommodating our requests, the project team worked as a true partner throughout. Our end users are extremely pleased with the resulting accelerated performance and functionality.”
Insurity rolled out PDE in increments so PHLY could carry out functional and end-user testing on one portion of the solution while conducting the next phase of product development. This helped streamline testing and review activities to drastically improve speed-to-market.
“The positive impact of a technology solution is established during the implementation process and determines project success within the organization,” said Michele Shepard, Chief Revenue Officer at Insurity. “Our teams worked in lockstep to support PHLY’s growth and expansion goals and deliver a sophisticated solution that enables improved user experience and efficiencies.”
For more information on the Insurity platform and their solutions, visit www.insurity.com.
About Philadelphia Insurance Companies
Philadelphia Insurance Companies designs, markets, and underwrites commercial property/casualty and professional liability insurance products incorporating value added coverages and services for select industries. The Company is rated “A++” (Superior) by A.M. Best Company and “A+” for counterparty credit and financial strength by Standard & Poor’s. In business for over 50 years, PHLY is nationally recognized as a member of Ward’s Top 50, one of the Best Places to Work in Insurance, and one of the Healthiest 100 Workplaces in America. The organization has more than 50 offices strategically located across the United States to provide superior service. For more information, please visit www.PHLY.com.
Insurity, Inc. enables property & casualty insurers to transform their enterprise and achieve their business goals. Insurity’s core processing applications and data integration and analytics solutions are backed by rich insurance expertise and are in production with over 200 insurers, processing billions of dollars of premium each month. Insurity’s solutions address the needs of all carriers – from the Top 20 insurers to small or regional commercial, personal, or specialty lines writers, as well as MGAs. For more information about Insurity, call 860-616-7721 or visit insurity.com. Connect with Insurity on LinkedIn.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181204005405/en/
CONTACT: Fusion PR on behalf of Insurity
Ross Blume, (310) 481-1431
KEYWORD: UNITED STATES NORTH AMERICA CONNECTICUT PENNSYLVANIA
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE PROFESSIONAL SERVICES INSURANCE
SOURCE: Insurity, Inc.
Copyright Business Wire 2018.
PUB: 12/04/2018 09:00 AM/DISC: 12/04/2018 09:01 AM