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
Locked
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Phone
Locked
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Website
Locked
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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
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$43 M (USD)
in 3 rounds
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Latest Funding Round
Not available
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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.
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.
People of Insurity
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are invested in by private equity firm TA.
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Private equity fund focused on global markets
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Riverside Management Group is engaged in providing financial advisory services.
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Investor details for Insurity
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Verified entity values are shown only after access is granted.
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.
Investment portfolio details for Insurity
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- Portfolio identities
- Transaction dates
- Round details
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| 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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Underwriting and risk analysis platform for insurers is offered.
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Locked | Locked | 2008 | Locked | |
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Cloud-based software for P&C insurance administration and claims is provided.
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Locked | Locked | 2006 | Locked |
Complete acquisition details for Insurity
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- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Insurity
Detailed financials for Insurity
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- Historical revenue
- Profit trends
- Statement rows
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Insurity Comparisons
Peer comparison for Insurity
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- Named peers
- Headcount comparison
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- Operating benchmarks
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Cloud-based platform for property and casualty insurance is provided.
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Software suite is offered for commercial insurance quoting and binding.
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Insurance policy management and risk management solutions for the P&C insurance industry
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| Locked | Locked | Locked |
Cloud-based insurance policy and claims management solutions for the p&c insurance industry
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Cloud-based solutions for property, casualty, and general insurance are provided.
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Detailed competitors of Insurity
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Insurity
Complete news archive for Insurity
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- Full article archive
- Source and publication date
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Frequently Asked Questions about Insurity
Insurity was founded in 1985 and raised its 1st funding round 15 years after it was founded.
Insurity is headquartered in Hartford, United States. It is registered at Hartford, Connecticut, United States.
Christopher J Lafond is the current CEO of Insurity.
Insurity is a funded company, having raised a total of $43M across 3 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Insurity is 522.
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.
Insurity's top competitors include Guidewire, Bold Penguin and OneShield.
Insurity offers Insurity Platform, Insurity Analytics, and Insurity Premium Audit.
Insurity has made 12 acquisitions, including AuSuM Systems, Bill It Now, and CodeObjects.
Insurity has 5 investors. Key investors include GI Partners, General Atlantic, TA Associates, Riverside Management Group, and Genstar Capital.