View this article online: https://www.insurancejournal.com/news/east/2003/05/20/29121.htm
Insurity Inc., a ChoicePoint® company, headquartered in Hartford, Conn., announced that the American Association of Managing General Agents’ (AAMGA) board of directors has voted to ratify Insurity as a full-fledged Business Services Member.
The bulletin noted that “the insurance services firm needed to be formally recommended by at least three existing members in good standing, and joins effective April 2003.” The company provides a full range of software and services to the MGA community.
Insurity VP Jeffrey Glazer stated “Our belief in the long-term viability of AAMGA as a professional organization — one that provides strong value to its constituents — has driven our desire to become more closely involved. We look forward to continuing our support of AAMGA and its growing list of members.”
Bernd Heinze, AAMGA’s executive director, welcomed Insurity to the group, stating, “Some industry watchers have stated that the MGA channel would be ‘disintermediated’ by advances in insurance technology, but our experience reveals just the opposite.” While we do not formally endorse specific technology vendors, the board does insist that only reputable firms with proven credentials in the marketplace be given a closer look. The folks at Insurity clearly met that standard today. On behalf of my other distinguished board members, I am happy to welcome them into our organization.”
The bulletin described Insurity’s flagship product — the Commercial Intellisys® platform – as providing “commercial Property and Casualty policy rating, issuance and statistical coding for all lines of business in all 50 states,” and said it “supports the billing, claims and reinsurance functions for those same lines. Commercial Intellisys replaces the need for maintaining many insurance manuals such as classification guides, territories and protection classes, along with SIC and NAIC codes. Commercial Intellisys can support the underwriting and referral workflow associated with underwriting policies by incorporating third-party data such as MVRs, and VIN verifications to help determine if a risk is acceptable, or if it should be referred to an underwriting manager with the proper authority to make those decisions.”