Cloud-based insurance coverage software program supplier Insurity has collaborated with InsCipher, which automates surplus strains tax submitting.
This collaboration goals to offer insurance coverage carriers, brokers and managing basic brokers (MGAs) with an answer that simplifies the administration of surplus strains taxes, decreasing compliance challenges.
The mixing of Insurity’s cloud-based coverage administration options with InsCipher’s tax automation software program permits for the switch of extra and surplus (E&S) coverage knowledge between platforms.
This automation facilitates automated tax processing, which might cut back transaction prices and errors, in addition to speed up submitting instances.
The alliance is anticipated to increase Insurity’s E&S tax options to its buyer base, offering an “end-to-end” compliance resolution.
InsCipher gross sales and advertising VP Jason Russon stated: “InsCipher fills a vital function within the non-admitted insurance coverage business by means of its tax submitting platform. However with out connectivity and a seamless technique to get knowledge into our system, our resolution is barely so efficient.
“Partnering with Insurity amplifies the effectiveness of the InsCipher platform and additional allows quick, correct and well timed surplus strains tax reporting.”
Insurity chief insurance coverage and chief income officer Sylvester Mathis said: “We’re excited to accomplice with InsCipher to reinforce the administration of surplus strains tax for our clients.
“This collaboration aligns with our dedication to offering progressive options that allow insurers to streamline their processes. By this integration, our shoppers can enhance their compliance efforts, improve effectivity and cut back the executive challenges related to surplus strains tax.”
In November 2024, Insurity appointed Jonathan Victor as its chief working officer.
Victor will handle cloud operations, buyer success, enterprise safety, system integrator operations {and professional} providers.
