Insurity, a provider of cloud-based software for insurance carriers, brokers, and MGAs, has partnered with Web Connectivity Limited (WCL), a Zywave company and provider of ACORD standards-based solutions for the commercial insurance industry.
This new partnership will allow carriers, brokers, and syndicates to leverage Insurity’s Sure Underwriting platform, while at the same time, expanding access to tools related to London Market insurance operations by adding a London Market messaging function.
According to the announcement, WCL aims to make it more easier for insurance organisations to exchange critical information and simplify workflows to improve accuracy, accelerate business, and reduce risks.
WCL allows companies to streamline processes by automating the electronic transfer of data and documents between brokers and insurers and central services to improve client service, increase process efficiency, and decrease cost.
In addition, Insurity is the largest provider of cloud-based insurance software solutions, spanning over 400 of its 500 customers deployed successfully in the cloud.
Sure Underwriting recently became available for insurers within the London Market. The cloud-native solution enables insurers to gain 50% faster risk assessment with real-time insights to increase underwriting accuracy and efficiency.
James Willison, Managing Director at Web Connectivity Limited, said: “Our partnership with Insurity allows us to offer a variety of interconnected solutions through collaborations and integrations. By delivering solutions like Insurity’s Sure Underwriting to our clients, we can speed up implementations and help our clients achieve significant operational efficiencies.”
Sylvester Mathis, Chief Insurance Officer at Insurity, commented: “Through this partnership, Insurity customers can take advantage of WCL’s integrated products, including rapid deployment of ACORD standard-based London Market messaging. This partnership marks a significant milestone for the London insurance market and solidifies our commitment to providing cutting-edge software for London Market carriers, MGAs, and brokers to capitalise on new opportunities quickly.”
