Risk Management, Insurance Technology
Businesswire | July 21, 2023
Insurity, the leading provider of cloud-based software for insurance carriers, brokers, and MGAs, today announced its partnership with Rented Mule Consulting to accelerate cloud-based software implementations for P&C carriers. As a System Integrator (SI) partner, Rented Mule Consulting will work with small and mid-sized carriers and MGAs to plan, build, and support the systems and tools required to successfully take Insurity’s cloud-based products to market.
Insurity’s network of SI Partners offers insurance organizations with the collaborative, capabilities-driven deployment options they need to quickly enter new markets and take advantage of new opportunities. Rented Mule Consulting, comprised of experienced insurance technology professionals, understands the unique challenges facing the P&C industry today in order to build innovative and effective solutions for insurers.
As an advisory and professional services firm, Rented Mule Consulting helps growth-focused P&C insurance entities efficiently harness the power of technology in pursuit of their business goals. Rented Mule Consulting provides in-depth guidance on the selection and implementation of a core system that allows insurers to extend product capability, expand distribution channels, move into additional jurisdictions, and increase written premium by over 20% in less than one year.
“The Insurity and Rented Mule partnership speaks directly to our shared goal of helping smaller P&C insurers and MGAs compete, win, and profitably grow market share by combining innovative business models with the best mix of technologies available,” said Ben Stinson, Managing Partner of Rented Mule Consulting. “We’re thrilled to bring our combined strengths to bear on behalf of our clients and prospects.”
“Insurity is excited to welcome Rented Mule Consulting as an SI Partner and expand our footprint of cloud-native policy, billing, and claims software to growth-focused insurers,” said Jennifer Saylors, VP, SI Success at Insurity. “The close partnership between Insurity and Rented Mule will provide insurers with the necessary tools, expertise, and capabilities to achieve their goals of profitable growth with confidence.”
About Insurity
Insurity is a leading provider of cloud-based software for insurance carriers, brokers, and MGAs. Insurity is trusted by 22 of the top 25 P&C carriers and 7 of the top 10 MGAs in the US and has over 400 cloud-based deployments. Through its best-in-class digital platform and with unrivaled industry experience and the industry's most robust analytics offerings, Insurity is uniquely positioned to deliver exceptional value, empowering customers to focus on their core businesses, optimize their operations, and provide superior policyholder experiences. Insurity is a portfolio company of GI Partners and TA Associates. For more information, visit www.insurity.com.
About Rented Mule Consulting
Rented Mule Consulting (RMC) is an advisory and professional services firm that helps growth-focused P&C insurance entities efficiently harness the power of technology in pursuit of their business goals. RMC maintains specific focus on helping start-ups, MGAs, and small/mid-size carriers quickly implement core system functionality facilitated by our closely coupled partnerships with leading solution providers. RMC’s depth of experience enables them to deliver successful builds to our clients with minimal expenditure of money, time, and resources.
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Health Insurance, Insurance Technology
PRnewswire | July 26, 2023
Enhance Health, a digital health insurance brokerage and care navigation platform, is excited to announce the acquisition of JET Health Solutions, a premier Enhanced Direct Enrollment (EDE) platform. The acquisition reinforces Enhance Health's commitment to serving its members and scaling its operations effectively through technology.
"We are thrilled to announce the acquisition of JET Health Solutions," said Matthew Herman, CEO and President of Enhance Health. "Since Enhance's founding, we've been committed to leveraging technology in new ways to simplify the enrollment process. JET's advanced EDE platform improves our already best-in-class member and agent experience."
With hundreds of thousands of members enrolled in Affordable Care Act (ACA) plans as well as Medicare Advantage plans, Enhance Health has established itself as a trusted partner in the healthcare industry. The acquisition of JET empowers Enhance Health to fully own the enrollment process, enhancing its capabilities and expanding its services with one of the few CMS-certified Phase 3 EDEs available in the market.
"Joining forces with Enhance Health is an exciting opportunity to drive meaningful change in the healthcare industry," said Asad Shamim, Founder and Managing Partner of JET Health Solutions. "Together, we are well-positioned to revolutionize the enrollment process and improve healthcare access for individuals and families across the nation."
Since its establishment in 2008, JET Health has equipped healthcare payers and providers with cutting-edge tools to excel in the ever-evolving healthcare marketplace.
"Integrating an EDE into our technology stack solidifies Enhance as the leader in the digital health insurance space," said Jeff Tang, CIO of Enhance Health. "Fully integrated with our CRM and other agent systems, this platform will fundamentally change the way we interact with our members through streamlined agent workflows, actionable data, and enhanced data security."
About Enhance Health
Founded in 2021 by industry veteran Matt Herman and backed by Bain Capital Insurance, Enhance Health has experienced rapid growth due to the record number of Americans enrolling in ACA health plans in 2022. Enhance Health has grown its membership base to hundreds of thousands, and is rapidly expanding into other insurance business lines.
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Risk Management, Life Insurance
PR Newswire | August 11, 2023
Vitech Systems Group announced that it has been named a Leader of U.S. life and retirement (L&R) policy administration systems (PAS) in the ISG Provider Lens™ Insurance Platform Solutions report for the third year in a row. This report is conducted by Information Services Group (ISG) and offers an L&R PAS provider quadrant analysis and a comprehensive comparison of strengths, challenges, and competitive differentiators.
Vitech's V3locity cloud-native platform was commended in the study for its end-to-end functionality, flexible and agile operationalization, and robust support of group insurance benefits. Its capabilities enable quick time to value, straight-through processing, and an excellent user experience for employees, employers, and brokers.
Ashish Jhajharia, the author of the report, noted, "Vitech's V3locity cloud-native platform, which caters to the market with a system created exclusively for the group benefits area, offers a high degree of configurability, capabilities across the value chain and enhanced functionalities for carriers operating in this category."
According to ISG, L&R PAS quadrant Leaders possess a comprehensive product and service offering, a strong market presence, and an established competitive position. They also represent innovative strength and competitive stability.
"We are thrilled that Vitech has once again achieved the prestigious recognition of Life & Retirement Insurance Platform Solutions Leader by ISG," said David Burns, Vitech's CEO. "Receiving this recognition for the third consecutive time is market validation that our focus on innovation and unwavering commitment to providing market-leading capabilities and services continues to bring exceptional value to our customers and their beneficiaries."
V3locity is Vitech's cloud-native administration, engagement, and analytics platform. It is a transformative suite of complementary applications that offers full life cycle business functionality and robust enterprise capabilities. It marries core administration with a revolutionary digital experience. Its modular design enables flexible, agile deployment strategies. V3locity employs a cloud-native architecture that leverages the unique capabilities of AWS to deliver a solution with unparalleled security, scalability, and resiliency.
About Vitech®
Vitech is a global provider of cloud-native benefit and investment administration software. The organization helps their insurance, retirement, and investment clients expand their offerings and capabilities, streamline their operations, gain analytical insights, and transform their engagement models. Vitech employs more than 1,400 professionals, serving the world's most successful insurance, retirement, and investment organizations. An innovator and visionary, Vitech's market leadership has been recognized by industry experts, such as Gartner, Celent, Aite-Novarica, and ISG. For more information, please visit vitechinc.com.
About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including more than 70 of the top 100 enterprises in the world, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry's most comprehensive marketplace data. For more information, visit isg-one.com.
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