Insuresoft is a company that focuses on providing innovative software solutions in the insurance industry. The company offers a comprehensive platform that includes policy administration, billing, claims management, and customer communication management. This platform, known as 'Diamond', is designed to support various lines of business such as Personal, Commercial, Specialty, Farm, Non-standard Auto, and Workers’ Comp. It is primarily used by insurance carriers, as well as MGAs or TPAs. It was founded in 2004 and is based in University Park, Illinois.
Research containing Insuresoft
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Insuresoft in 1 CB Insights research brief, most recently on Aug 7, 2023.
Expert Collections containing Insuresoft
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Insuresoft is included in 1 Expert Collection, including Fintech.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest Insuresoft News
Jan 26, 2022
Zurich creates new scholarships Zurich North America is now accepting applications for its Zurich Fellows scholarships, which were created to help people with diverse backgrounds advance and pursue degrees in fields related to insurance . The first Zurich Fellows will be admitted to St. John’s University in the Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science in Sept. 2022. The 10 scholarships will be $10,000 each. "I am delighted that we are collaborating with St. John's University to offer these scholarships," said Jeanette Kilo-Smith, Zurich North America's head of diversity and inclusion and the executive sponsor of the scholarship program, in a statement. "The Zurich Fellows program reflects our commitment to help recruit, retain and advance diverse talent in our business and industry." Zurich also recently announced leadership changes within the company. Jason Meador, currently head of captives at Zurich North America, will now lead the RCIS crop insurance business. Alban LaLoum, head of customer distribution marketing and regional management at Zurich Canada, is now the chief customer officer at Zurich North America. Dawn Hiestand, head of operations for Zurich North America’s direct markets business, is now head of captives replacing Meador. Kelly Kinzer is now officially the head of construction. NAU County signs deal for AI crop platform Agriculture Intelligence, an AI and automation company providing cloud-based precision data for crops, has announced a multi-year partnership with NAU County Insurance Company, a QBE Insurance Company offering crop insurance, for its AI platform Agroview. The platform uses aerial footage of crops captured by drones and AI software to count and measure each tree in a grove. "At NAU Country, we have high standards for our technology partners. We have heavily invested in drone technology, but knew that with the right partner we could do even more – we could use flight imagery and machine learning to help automate tree counts," said Michael Deal, chief marketing and technology officer at NAU Country, in a statement. "We expect proven, accurate, and consistent results. In Agroview, we found all three of those qualities. We also see that the team behind Agroview is creating the next wave of proven technology that our industry needs." TRENDING Cowbell Cyber announces new hires, Cowbell Re Cowbell Cyber, an AI-powered cyber insurance provider, has hired two new executives. Theresa Le joins the company as the head of claims and risk engineering. Le most recently served as vice president, cyber claims expert at Swiss Re. Dan Palardy has been hired as the lead actuary. Palardy was most recently with Axis Reinsurance as senior pricing actuary, in professional lines. "I am delighted to welcome both Theresa and Dan to the Cowbell team," said Trent Cooksley, co-founder and COO at Cowbell Cyber, in a statement. "Not only do they both bring extensive industry experience, they also have proven track records in cyber insurance. Theresa and Dan will be instrumental in continuing to advance our continuous underwriting and closed-loop risk management approach." Cowbell also recently announced the launch of Cowbell Re to address the increase in cyber insurance demand. The company reached $200 million in premium run-rate in 2021 and its distribution network includes 2,000 agencies and 12,000 producers across the U.S. Online embedded insurance, Bubble launches Bubble, a digital home and life insurance provider, launched its turnkey insurance-in-a-box offering. Real estate and mortgage companies are now able to use the service and embed digital homeowners and life insurance policies into a transaction. The company also recently announced pre-seed funding of $1.75 million led by The House Fund. Bubble’s AI recommendation engine finds homeowners insurance from Stillwater along with Pacific Life and SBLI, for term life. Integrations with other insurers are planned for the future. "Bubble streamlines the natural flow of life events: starting a family, buying a home, insuring it, and insuring everyone living there," said Bubble co-founder and CEO Avi Gupta, in a statement. "Millennials especially stand to reap the benefits of bundling life and home insurance while they're young and healthy. They can lock in a great rate for the next several decades. Our mission is to make it as simple and straightforward as possible for them to do that." Conning survey shows engagement in ESG U.S. insurance companies are interested in incorporating environmental, social and governance factors into their investment strategies. A new survey from Conning, a global insurance asset management firm, suggests respondents began incorporating ESG factors over the last two years. The reason for the change is likely related to corporate reputation.“Despite the many considerations, resources, and challenges involved with implementing ESG-focused investing, insurers seem to understand that, ultimately, the benefits outweigh the costs,” said Matt Daly, head of corporate and municipal teams at Conning, in a press release. “Given the responses we saw in this survey, ESG is likely to become an even more central part of insurance asset management in the near future.” Pie Insurance releases pay-as-you-go billing solution Pie Insurance, a workers’ compensation insurtech for small businesses, launched a new pay-as-you-go billing solution. Policyholders are able to pay their policy through a payroll cycle and avoid an initial deposit. "We couldn't be more excited to launch Pie's Pay-as-you-go offering through our partner agents and directly to small businesses," said Danielle Lucas, director of business development at Pie, in a press release. "By using a more convenient billing option, customers will have more cash flow and can focus on growing their businesses." Branch Insurance launches in six new states Branch Insurance, a full-stack insurtech , has expanded its offerings into six new states including Kansas, Kentucky, Nebraska, New Mexico, Utah and West Virginia. Consumers are able to purchase home and auto insurance from Branch in 19 states. "Geographic availability is one of the most important initiatives here at Branch to deliver on our mission of making insurance less expensive for more people. Being nationally available enables us to grow our community of members and create meaningful embedded partnerships, so we can offer more affordable insurance to consumers in the moments they need it most," said Steve Lekas, co-founder and CEO of Branch, in a press release. Obie partners with Munich Re company Obie, an insurance purchasing online platform for landlords, is partnering with Digital Partners, a Munich Re company, to provide insurance offerings in minutes. The partnership will allow landlords to obtain bindable insurance quotes for properties. “We are thrilled to be partnering with Obie. Together we are providing a more accessible insurance offering for an underserved segment of the insurance market,” said Courtney Hill, head of Digital Partners North America, in a statement. “Obie has a proven track record of success when it comes to instant landlord insurance, and we are looking forward to partnering with them to expand their offering.” Nintex, Insuresoft team up on digital transformation Insuresoft, a provider of core insurance software for property and casualty insurers, and Nintex, a process intelligence and automation company, are working together to integrate Esignatures from Nintex AssureSign into Insuresoft’s Diamond Platform. This partnership allows Insuresoft to provide its insurer customers a digital signing experience integrated into core policy processing. "Our customers are excited about providing differentiated experiences to their policyholders," said Josh Hall, VP of sales & marketing at Insuresoft, in a press release. "The pre-integration with Nintex AssureSign allows our insurance carrier and MGA partners to quickly evolve their processes to meet modern consumer expectations for digital self-service and claims processing times." Tractable releases AI Property Tractable, an AI visual assessment and disaster recovery insurtech, has launched AI Property . The solution helps assess the damage to buildings from natural disasters like hurricanes and floods using a smartphone. The app takes photos and submits them to Tractable’s AI platform which can appraise and assess damage. Tractable has been working in Japan with MS&AD Insurance Group Holdings to use AI Property to help homeowners in Japan since last year. "Climate change is leading to more frequent and severe natural disasters,” said Alex Dalyac, co-founder and CEO of Tractable, in a press release. “Hurricanes leave households without a proper home to live in. By allowing homeowners to immediately self-assess their homes via AI-augmented damage appraisal, insurers can intervene faster and at greater scale, to help their customers at their time of greatest need." Tractable also recently announced the company is joining Guidewire PartnerConnect as a solution partner.
Insuresoft Frequently Asked Questions (FAQ)
When was Insuresoft founded?
Insuresoft was founded in 2004.
Where is Insuresoft's headquarters?
Insuresoft's headquarters is located at 2500 Bond Street, University Park.
Who are Insuresoft's competitors?
Competitors of Insuresoft include Duck Creek Technologies and 5 more.
Compare Insuresoft to Competitors
Socotra operates as a company providing technology solutions in the insurance industry. The company offers a range of products that help insurers accelerate product development, reduce maintenance costs, and improve customer experiences. It primarily serves the insurance industry. It was founded in 2014 and is based in San Francisco, California.
Majesco (NASDAQ: MJCO) provides core insurance technology software and information technology (IT) services to carriers worldwide. It delivers solutions and IT services in core insurance areas including policy administration, billing, claims, and distribution. The company was founded in 1982 and is based in Morristown, New Jersey.
Insurity offers flexible technology solutions to the property and casualty insurance industries. It includes policy, billing, and claims solutions, data analytics, predictive tools, and digital enablement. The company was founded in 1985 and is based in Hartford, Connecticut.
BriteCore focuses on providing a cloud-native platform for property and casualty (P&C) insurers. The company's main services include offering a comprehensive insurance platform that enables insurers to administer policies, manage billing and claims, configure new products, and access detailed reporting and analytics. Additionally, it provides agent and policyholder portals for a modern customer experience. BriteCore primarily serves the insurance industry. It was founded in 2009 and is based in Springfield, Missouri.
Duck Creek Technologies offers intelligent solutions for the property and casualty insurance industry. The company's main offerings include policy lifecycle administration, a rating engine, insurance billing software, insurance claims software, and a variety of digital engagement tools. Its product portfolio includes distribution management, reinsurance management, digital management, data insights, and other services. It primarily serves the insurance sector. The company was founded in 2000 and is based in Boston, Massachusetts.
Snapsheet specializes in insurance technology solutions. It enables a claim process starting with virtual estimations all the way to final repairs and payment, by generating communication between consumers, shops, and carriers. The company offers a range of services including appraisals, claims management, and payments, all aimed at managing the insurance claims process. It primarily serves the insurance industry. It was founded in 2011 and is based in Chicago, Illinois.