Victory Insurance Completes Four-Month Implementation of Insurity’s Cloud-Hosted Workers’ CompXPress Suite
HARTFORD, Conn.--(BUSINESS WIRE)--Nov 15, 2018--Insurity, Inc., a provider of a leading insurance platform that includes policy, billing, claims, data analytics and digital enablement solutions, today announces that Victory Insurance Company, a Montana-based workers’ compensation insurer, is in production with the Workers’ CompXPress Suite to improve operational efficiencies across the entire policy lifecycle and create an enhanced customer experience. The implementation, which included a comprehensive conversion of over ten years of legacy data, was completed in just four months as a result of effective collaboration between teams and a well-defined project strategy.
Workers’ CompXPress is a cloud-hosted, end-to-end policy and claims administration system with integrated billing and policyholder web portals. The solution allows Victory to improve internal operations efficiency, leverage new underwriting and loss control tools, improve claims processing and enable comprehensive cyber security through Insurity’s market leading Cloud Services offering. It empowers Victory to tailor the user experience to the unique needs of employees and policyholders through advanced workflow and data visualization tools, while incorporating the latest workers’ compensation rates and regulatory information.
“I’m proud of the efficiency and collaboration exhibited by our IT department, our business users and the Insurity team for their ability to achieve a full-suite core system replacement and cloud migration in such a short time period,” says Keith Brownfield, President of Victory Insurance. “Our joint project team brought the new system up on time and on budget, which will allow us to begin recognizing the benefits of this robust Workers’ Comp software suite immediately.”
“In a hyper competitive insurance market, where modern technology is quickly becoming table stakes, success is increasingly being defined by the speed with which a project can be delivered and fully integrated within an insurer’s workflow,” says Michele Shepard, Chief Revenue Officer at Insurity. “This implementation is a testament to Insurity’s depth of experience in workers’ compensation and cloud leadership, and a result of the collaborative implementation approach we take with our customers.”
Insurity has the most cloud deployments in the insurance industry with over 200 implementations. For more information on Insurity’s full product suite, visit www.insurity.com
About Victory Insurance Company
Victory is Montana’s only incorporated, private Workers’ Compensation Insurance carrier and business. Founded and licensed in 2005, Victory offers Montana employers a preferred insurance choice and a great opportunity for premium savings. The seasoned, professional and courteous team at Victory returns employees to work and closes claims 300% faster than other Montana providers. For more information visit www.victorymt.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 Twitter, LinkedIn and Facebook.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181115005340/en/
CONTACT: Fusion PR on behalf of Insurity
Ross Blume, (310) 481-1431
KEYWORD: UNITED STATES NORTH AMERICA CONNECTICUT MONTANA
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET SOFTWARE SECURITY PROFESSIONAL SERVICES HUMAN RESOURCES INSURANCE
SOURCE: Insurity, Inc.
Copyright Business Wire 2018.
PUB: 11/15/2018 09:00 AM/DISC: 11/15/2018 09:00 AM