About Insurity
Insurity is a company based in Hartford (United States) founded in 1985 was acquired by GI Partners in June 2019. It operates as a SaaS (Software-as-a-Service). Insurity has raised $43 million across 3 funding rounds from investors including GI Partners, General Atlantic and TA Associates. The company has 522 employees as of December 31, 2022. Insurity has completed 12 acquisitions, including AuSuM Systems, Bill It Now and CodeObjects. Insurity offers products and services including Insurity Platform, Insurity Analytics, and Insurity Premium Audit. Insurity operates in a competitive market with competitors including Guidewire, Bold Penguin, BetterView, OneShield and Duck Creek, among others.
- Headquarter Hartford, United States
- Employees 522 as on 31 Dec, 2022
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Insurity Llc
- Date of Incorporation 31 May, 2024
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$43 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
GI Partners
& 4 more
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Employee Count
522
as on Dec 31, 2022
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Investments & Acquisitions
AuSuM Systems
& 11 more
- Acquired by
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Products & Services of Insurity
Insurity offers a comprehensive portfolio of products and services, including Insurity Platform, Insurity Analytics, and Insurity Premium Audit. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for policy, billing, claims, and analytics solutions.
Cloud-native analytics platform with valuable industry data assets.
Automates audit process to recover premiums and boost efficiency.
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Software Development Team
29 people
Leadership Team
28 people
Senior Team
16 people
Product Management Team
16 people
Sales and Marketing
9 people
Legal and Compliance
7 people
Human Resources and Administration
5 people
Operations Team
5 people
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Funding Insights of Insurity
Insurity has successfully raised a total of $43M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(26 Jun 2000)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series B - Insurity | Valuation |
investors |
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| Jun, 2016 | Amount | Series A - Insurity | Valuation |
investors |
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| Jun, 2000 | Amount | Series B - Insurity | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Insurity
Insurity has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include GI Partners, General Atlantic and TA Associates. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multiple sectors are invested in by private equity firm TA.
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Founded Year | Domain | Location | |
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Private equity fund focused on global markets
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Founded Year | Domain | Location | |
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Riverside Management Group is engaged in providing financial advisory services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Insurity
Insurity has strategically engaged in corporate development activities, having acquired 12 companies. Notable acquisitions include AuSuM Systems, Bill It Now and CodeObjects. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Data-driven solutions for property and casualty underwriting are offered.
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2010 | ||||
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Underwriting and risk analysis platform for insurers is offered.
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2008 | ||||
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Cloud-based software for P&C insurance administration and claims is provided.
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Insurity
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Insurity Comparisons
Competitors of Insurity
Insurity operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Guidewire, Bold Penguin, BetterView, OneShield and Duck Creek, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based platform for property and casualty insurance is provided.
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| domain | founded_year | HQ Location |
Software suite is offered for commercial insurance quoting and binding.
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| domain | founded_year | HQ Location |
Insurance policy management and risk management solutions for the P&C insurance industry
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| domain | founded_year | HQ Location |
Cloud-based insurance policy and claims management solutions for the p&c insurance industry
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| domain | founded_year | HQ Location |
Cloud-based solutions for property, casualty, and general insurance are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Insurity
Frequently Asked Questions about Insurity
When was Insurity founded?
Insurity was founded in 1985 and raised its 1st funding round 15 years after it was founded.
Where is Insurity located?
Insurity is headquartered in Hartford, United States. It is registered at Hartford, Connecticut, United States.
Who is the current CEO of Insurity?
Christopher J Lafond is the current CEO of Insurity.
Is Insurity a funded company?
Insurity is a funded company, having raised a total of $43M across 3 funding rounds to date. The company's 1st funding round was a Series B of $43M, raised on Jun 26, 2000.
How many employees does Insurity have?
As of Dec 31, 2022, the latest employee count at Insurity is 522.
What does Insurity do?
Insurity is established as a leader in cloud-native software for the property and casualty (PC) insurance industry. Solutions are developed to enhance underwriting, streamline claims processing, and drive digital transformation for insurers. The company serves various markets, including commercial lines, personal lines, MGAs, workers compensation, specialty lines, marine cargo, and third-party administrators. Comprehensive platforms and tools such as policy administration, billing, claims management, and analytics are offered to over 500 insurers, with more than 400 utilizing cloud-based systems. Innovation and speed are prioritized, enabling new product launches in under 30 days to address emerging risks.
Who are the top competitors of Insurity?
Insurity's top competitors include Guidewire, Bold Penguin and OneShield.
What products or services does Insurity offer?
Insurity offers Insurity Platform, Insurity Analytics, and Insurity Premium Audit.
How many acquisitions has Insurity made?
Insurity has made 12 acquisitions, including AuSuM Systems, Bill It Now, and CodeObjects.
Who are Insurity's investors?
Insurity has 5 investors. Key investors include GI Partners, General Atlantic, TA Associates, Riverside Management Group, and Genstar Capital.
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