Insurity Announces Billing-as-a-Service Now Costs Less Than Running Billing In-House for P&C Carriers and MGAs

Article content

Insurity has expanded Billing-as-a-Service, making the platform the most cost-effective and seamless way to manage insurance billing at scale

Article content

HARTFORD, Conn. — Insurity, a leading provider of cloud-based software for property and casualty insurance carriers and MGAs, today announced major advancements to its Billing-as-a-Service platform, establishing it as a lower-cost model for billing than running operations internally.

Article content

Article content

The expansion directly addresses the long-held belief that internal billing operations are the most economical option for carriers and MGAs. By centralizing payments, collections, and reconciliation on a single standardized platform, Insurity reduces the hidden operational costs, staffing requirements, and system maintenance burdens that often make in-house billing more expensive than it appears.

Article content

Article content

Insurity Billing-as-a-Service is built on a cloud-native architecture with deeper enterprise-grade banking integrations and a modern user experience designed to support scale, performance, and evolving payment needs. Rather than relying on fragmented, customized systems that are expensive to maintain, customers operate on one shared services platform that supports direct bill, agency bill, and complex billing structures without bespoke builds. As volume grows, the cost per transaction declines, allowing insurers to scale without adding billing headcount or infrastructure.

Article content

Article content

“Many smaller carriers, mutuals, and MGAs believe billing is cheaper to manage internally until they fully account for staffing, reconciliation work, compliance oversight, system upkeep, and delayed time-to-cash,” said David Giacomini, VP & Senior Business Unit Leader at Insurity. “Insurity Billing-as-a-Service gives carriers and MGAs a straightforward replacement. We take full ownership of billing operations and deliver it at a lower total cost, while providing the transparency and flexibility real-world insurance workflows demand.”

Article content

Through partnerships with a tier-one global banking institution and best-in-class providers for payment processing, lockbox services, and document management, Insurity has built an integrated ecosystem capable of supporting complex transaction flows while scaling alongside customer growth. Faster onboarding allows customers to launch new lines of business quickly and begin issuing and collecting premiums without standing up internal billing teams.

Article content

“Our customers are in growth mode. They want to issue more policies, not manage billing infrastructure,” said Jatin Atre, President at Insurity. “Insurity Billing-as-a-Service gives them a clear economic advantage by providing a smarter alternative to costly, in-house billing. It reduces operating costs, simplifies financial operations, and more importantly, removes the friction that slows down producers and policy issuance.”

Article content

Article content

About Insurity

Article content

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, 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.

Article content

Article content

Article content

Article content

View source version on businesswire.com:

Article content

Article content

Article content

Contacts

Article content

Article content

Article content