Insurity has showcased its intelligent insurance software at its largest Excellence in AI & Insurance conference yet. The company, a leading provider of cloud-based software for carriers, brokers, and MGAs, announced the news today. The event ran October 5–7 in Fort Lauderdale, Florida. It brought together insurance executives, technology leaders, and industry experts. Together, they explored real-world AI applications and ways to improve business performance.
“AI is raising expectations for what insurance technology should deliver, and insurers are increasingly focused on results they can see across their businesses,” said Jatin Atre, Chief Executive Officer of Insurity. “This year’s Excellence conference made that clear. From the conversations happening across our customer community to the innovations we’re introducing with Ratio, there’s tremendous momentum behind making insurance smarter, faster, and more profitable. Our focus is on helping insurers turn that momentum into a lasting competitive advantage.”
Intelligent Insurance Software and AI-Driven Growth Take Center Stage
The three-day conference’s central theme was using AI to help carriers grow profitably. That focus was supported by executive keynote addresses, breakout sessions, product demonstrations and customer user groups. Each session was built to drive emerging technology into measurable business results.
Attendees discussed ways to improve underwriting performance and speed product development. They also talked about claims modernization and the difficulty of regulatory complexity. The speakers also examined the challenges of governing and implementing AI. They also examined ways to maximize returns from technology investments. And they discussed how insurers can prepare for the next era of insurance.
Insurity’s ongoing innovation within its Ratio portfolio received considerable attention. Highlights included Ratio Content & Rating Engine and Ratio Policy AI. Ratio Content & Rating Engine helps insurers manage thousands of regulatory changes every year. It also lets them implement product updates up to four times faster. Additionally, insurers can rate everything from small commercial policies to large, complex commercial risks in seconds. A single, high-performance rating engine powers this capability.
Ratio Portfolio and Excellence Awards Highlight Industry Progress
Ratio Policy AI, meanwhile, brings AI-native capabilities to complex commercial policy administration. As a result, insurers can launch products in days and reduce total cost of ownership. Together, the solutions help insurers accelerate speed to market. They also lower the cost and complexity of managing insurance products. This enables carriers to react more quickly to changing business needs.
At its annual Excellence Awards ceremony, Insurity also recognized outstanding customer achievements. The awards celebrate organizations that are using technology to deliver significant improvements to their business. This year’s honorees included AF Group, Nationwide, Arch Insurance and Great American Insurance Group. FFVA Mutual, MEMIC, EMC Insurance and CRC Group were also honored.
Their accomplishments were a reflection of progress in underwriting, claims and operational efficiency. Digital transformation and customer experience also posted gains. All told, these wins are a reflection of the impact of technology investments across the insurance industry. This record-breaking event demonstrated the increasing importance of smart insurance software in today’s P&C insurance world.
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News Source: Businesswire.com
