Insurity Decisions

Insurity Decisions is a comprehensive software solution designed to support all commercial lines, including several bureau lines, with embedded analytics throughout. According to the vendor, this end-to-end policy, billing, and claims system aims to empower decision-makers in the property and casualty (P&C) insurance industry with data-driven insights. It is suitable for companies of various sizes, ranging from small businesses to large enterprises, and caters to insurance companies, insurance brokers, managing general agents (MGAs), underwriters, claims adjusters, analytic teams, risk managers, executives, and decision-makers in the P&C insurance industry.

Key Features

Policy Decisions: According to the vendor, this feature aims to improve efficiency, drive business growth, and ensure compliance with a cloud-first, fully-customizable policy administration system. It supports all distribution channels, including out-of-the-box bureau lines. The system offers smart configuration tools to tailor it to unique needs and provides embedded analytics for better decision-making at the point-of-quote.

Billing Decisions: The vendor claims that this feature streamlines billing processes and enhances the policyholder experience with a flexible billing solution. It supports all billing and payment methods across the entire billing lifecycle. The system automates processes with workflows, document distribution, and correspondence, and enables efficient management of commissions based on configurable commission basis methods.

ClaimsXPress: According to the vendor, this feature aims to improve productivity and reduce losses with a powerful claims administration system. It supports complex and high-volume claims with automated workflows and document distribution. The system provides analytics and reporting capabilities to gain insights and improve performance. It also offers seamless integration with other systems such as document management and check printing.

Sure Claims Payments: The vendor states that this feature streamlines the claims process by managing payments in a single workflow from approval to issuance. It offers a variety of payment options including check, ACH, virtual card, and real-time payments. The system provides a branded and secure portal for policyholders to access and pay bills online, enabling faster and more convenient claims payment options for improved policyholder satisfaction.

Sure Underwriting Workbench: According to the vendor, this feature aims to streamline the underwriting process and drive better collaboration with a highly configurable rules engine. It integrates with critical data sources and provides workflow tools for efficient underwriting. The system offers smart configuration options to tailor it to unique business needs and provides seamless integration with other systems and data sources.

Insurity Analytics: The vendor claims that this feature delivers actionable insights throughout the policy lifecycle with geospatial analytics, predictive models, and portfolio analytics. It offers data warehousing and seamless integration in an open data architecture. The system provides interactive reports and flexible dashboards for improved performance and cost reduction. It also enables better decision-making with advanced analytics capabilities.

Sure Premium Audit: The vendor states that this feature automates the entire premium audit process and uncovers missing premium. It supports automated audits based on premium leakage calculations and other criteria. The system streamlines the audit process with configurable rules, workflows, and assignments. It provides comprehensive tools for field staff to complete audits quickly and accurately.

Sure Loss Control: According to the vendor, this feature automates and completes loss control surveys more efficiently. It identifies and reduces risk with automated survey processes and risk reports. The system empowers field staff to complete surveys quickly and easily with intuitive tools. It also offers robust reporting and analytics capabilities for better risk assessment.

Insurity Connect: The vendor claims that this feature enables users to easily build complex integrations to automate workflows and connect the entire ecosystem. It provides a low-code interface for creating integrations quickly and offers a visual recipe editor for easy workflow creation. The system enables seamless integration with any system or partner solution that has an API.

Insurity Business Intelligence: According to the vendor, this feature provides an out-of-the-box, seamless analysis platform embedded into all Insurity systems. It empowers users to make data-driven decisions with built-in dashboards and visualizations. The system enables interactive storytelling and easy sharing of insights and presentations. It utilizes AI technology for generating context-aware patterns and discovering trends in large datasets.