Insurity Reviews & Pricing

Key Features

Policy Solutions

• Policy Decisions: Provide Bureau-based insurance products for over 20 commercial lines across ISO, NCCI and AAIS. Leverage third-party integrations, embedded data, predictive modeling and analytics to create personalized workflows and role-driven screens. Automatically update regulatory content. Create tailored user interfaces for every distribution channel. 
• Bridge Specialty: Create and define policies and business lines with screen-based Bridge SmartTools. Set up configurable transaction workflows for renewals, adjustments, endorsements, cancellations, businesses and more. Record data elements and risk information for all transactions and lines of business. 
  • Data Capture: Automatically validate data going through workflows and trigger relevant activities. Implement exact or fuzzy logic match criteria to identify risk elements. Account for insuring conditions and exclusions while calculating premiums, taxes, commissions and fees. 
  • Automatic Referrals: Smoothly transmits policy information from agents to underwriters. Provides dedicated notification and submission queues. 
  • Mobile Access: Access policy information on any device with an internet connection, complete with dynamic user interface, fields and screens. 
  • Plug-In Integration: Seamlessly integrate with internal or third-party applications, including rating engines, document management systems, clearance, back-office accounting and data providers. 
• Workers’ CompXPress: Manage workers’ compensation policies with rules-based rates from different states, tiers and algorithms. Suggest multiple quotes based on relevant plans, credits/debits and other pertinent factors. Automatically populate and print endorsement and policy forms in batches and pinpoint delinquent policies. Built-in logic accounts for class codes, loss ratio, industry, renewals and client-specific underwriting rules. Automatically flag policies for renewal and underwriter review. 
  • Reporting: Run preconfigured financial, management and exception reports. The user-friendly dashboard supports data visualization. 
  • Information Management: Provides tiered data entry for all information associated with agency, broker, branch and agent. 

Claims Solutions

• Claims Management: Connect all associated parties, including auditors, investigators, specialists and regulators, to receive a 360-degree view of claims. Leverage optimized workflows and intelligent navigation to process claims faster and mitigate expenses. Automatically ensure compliance with a large set of regulatory forms. Integrate with third-party applications to make informed business decisions. Process all kinds of claims, including complex one-of-a-kind and high-volume claims. Get unrestricted access to claims data on any mobile device. 
  • Third-party Claims: Monitor and evaluate claims by third-party vendors and suppliers with dedicated vendor management tools. 
  • Claims Decisions: Access claims information on the go with the mobile application. Connect to rating bureaus to provide the right people with the right information. 
  • Compliance: Map out regulatory forms and language to automatically enforce strict compliance. 
• ClaimsXpress: Use out-of-the-box interfaces, intuitive designs and expedited claims processing to improve the customer experience. Provide support for insurance products with configurable processes and intelligent dashboards. Improve the agency’s productivity with automated workflows and advanced business rules. Configure support for individual claims and unique processes, as per requirements. 
  • Claims Insights: Capture and process claims data to gain business insights. 

Data and Analytics Solutions

• Data and Analytics: Identify and consolidate data assets from multiple sources, including core applications, regulatory agencies, integrated and non-integrated third-party solutions, general ledger and spreadsheets. Convert the data into consistent and actionable intelligence for the agency, partners and clients. 
  • Data Modeling: Use built-in data modeling to reduce information complexity. Identify and predict market trends. Incorporate any data attribute as necessary into the data model. 
• Data House: Store transactional and non-transactional data in multiple data repositories. Its dashboard and data marts provide actionable insights on underwriting, actuarial, compliance, policy and claims, and sales and marketing operations. Provides support for 31 commercial, personal and specialty lines of business and over 16,000 data attributes. 
• Valen Predictive Analytics: Leverage risk detection and predictive models to get data-driven insights on quotes, renewals, premium fraud, pricing and payroll classification. Determine the severity of claims. Run reports on business, portfolio and model performance. Organize reports by time, location, new vs. renewal, underwriter and group. Modernize underwriting processes with customized workflows. 
• Valen Analytics InsureRight: Provide underwriters with essential predictive scores and contextual information. Benchmark the agency’s performance based on key performance indicators. Access portfolio management analytics and management analytics. Assign risk quality scores and flag potential fraud and audit issues. Predict premium audit changes and loss ratio. 
• Valen Data Consortium: Anonymize, cleanse, detail and organize data for warehousing purposes. Access regular data feeds and state-of-the-art data visual analytics. Maximize return on investment with best practice analysis of data sources. 
• SpatialKey Underwriting: Provide underwriters with risk information from flood risk to wildfire, hurricane and more. Includes qualitative and quantitative underwriting visualizations. 
• SpatialKey Exposure Management: Identify patterns and trends in risk exposure. Evaluate risk positions, strategy effectiveness, market share and industry correlations with built-in risk visualizations. Study exposure, loss, hazard, claims, and market data for insights on contextual relationships, drivers and regional concentration. 
• SpatialKey Event Response: Get automated notifications for catastrophic events. Access event data in real time to gauge loss potential and anticipate outcomes. Prepare catastrophe models to measure hypothetical output. 

Digital Solutions

• Digital Enablement: Get secure access to granular, standardized, RESTful APIs from built-in applications and third-party partners. Build tailored front-end portals and check compliance posture against over 100 global watchlists. 
• InsurBot: Improve the customer experience with an AI-enabled chatbot. Immediately respond to client queries and automatically pass on complicated requests to live agents. Automatically retrieve the client’s account information on contact and inform them of important information and milestones. Build trust and familiarity with client-specific responses. 
• Industry Content: Consolidate rates, rules and forms from the Insurance Services Office, the National Council on Compensation Insurance, American Association of Insurance Services, and more. Adjust tax rates based on jurisdictional rules and comply with the Office of Foreign Assets Control (OFAC). Access pre-filled data, predictive analytics, credit profiles, data validation, third-party underwriting analyses and more. 
• Rating Enterprise: Leverage an integrated rate testing framework, rating variables and rating algorithms to improve the accuracy and efficiency of rate quotes. 

Payment Solutions

• Billing Management: Monitor billing plans, options, rules and carrier payments in real time. Directly interact with the payment module to eliminate errors and omissions and minimize data deduplication. 
• Direct Billing: Directly bill policyholders with tailored installment plans. 
• Work Comp Billing: Calculate and remit the premium owed at the end of the month. Report payrolls monthly and forward them to the carrier for relevant coding. Adjust premiums for seasonal and transitional policyholders based on their cash flow. 
• Agency Billing: The Bill It Now module manages agency commissions and policies online. Automatically reconcile statements. 
• Lockbox Administration: Lockbox technology protects the agency from paying for losses on paper checks. Electronically scan and apply all inbound checks. Verify checks against canceled policies before depositing them. 
• Payment Options: Provide clients with multiple payment options such as checks, credit/debit card, EFT (Insured or Agent Sweep), Lockbox and Electronic Bill Presentment & Payment (EBPP). Brand invoices with the agency’s logo and calculate agent commissions in tandem with payments acceptance. 

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