Insurity acquires US firm to bolster presence in MGA market
Insurity, a provider of cloud solutions and data analytics for insurers, brokers and MGAs, has acquired Florida-based Epic-Premier Insurance Solutions.
The acquisition aims to strengthen Insurity’s position in the growing managing general agent (MGA) market.
Epic-Premier offers end-to-end core system software solutions designed to help property & casualty professionals streamline their business operations across the entire policy lifecycle, increase the automation of both standard and specialty insurance lines, and improve the speed and agility. The solution can also be leveraged by carriers and brokers who currently manage MGA networks or who wish to create MGA networks to broaden their market reach.
“Epic-Premier is a standout addition to Insurity’s already expansive suite of digital core system solutions, bringing capabilities specifically designed to support MGAs and adding substantial breadth and depth of market experience to our team,” said Chris Lafond, CEO of Insurity. “Together with our cloud expertise and wealth of data assets, we have greatly expanded our solution offerings for MGAs and are well-positioned for leadership of this market.”
Kevin Grimes, CEO of Epic-Premier, said: “With Insurity’s cloud leadership and with the technological maturity of their digital platform, we are able to accelerate our transition to cloud and API-based architectures and deliver greater value to our clients. In addition, Insurity’s extensive client base and deep industry relationships will enable us to bring our solutions to a broader audience. We are excited to continue to provide our clients the same exceptional service, along with the additional tools and resources needed to help them drive significant business value.”
