Insurity, a leading provider of cloud-based software for property and casualty insurance carriers and MGAs, announced significant advancements to its Billing-as-a-Service platform, positioning it as a more economical alternative to managing billing operations internally.
The platform addresses the long-held belief that in-house billing is the most economical option for carriers and MGAs. By centralizing payments, collections, and reconciliation on a single standardized platform, Insurity aims to reduce hidden operational costs, staffing requirements, and system maintenance burdens often associated with internal billing. The service is built on a cloud-native architecture, incorporating enterprise-grade banking integrations and a modern user experience designed for scalability, performance, and evolving payment needs.
Rather than relying on fragmented, customized systems, customers operate on one shared services platform that supports direct bill, agency bill, and complex billing structures without bespoke builds. As transaction volume grows, the cost per transaction is designed to decline, enabling insurers to scale operations without increasing billing headcount or infrastructure.
David Giacomini, VP & Senior Business Unit Leader at Insurity, commented, “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. 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.”
Insurity has developed an integrated ecosystem through partnerships with a tier-one global banking institution and other providers for payment processing, lockbox services, and document management. This ecosystem supports complex transaction flows and scales with customer growth. Faster onboarding capabilities allow customers to launch new lines of business quickly and begin issuing and collecting premiums without the need to establish internal billing teams.
Jatin Atre, President at Insurity, stated, “Our customers are in growth mode. They want to issue more policies, not manage billing infrastructure. 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.”
Insurity is trusted by 22 of the top 25 P&C carriers and 7 of the top 10 MGAs in the US, with over 400 cloud-based deployments. The company, a portfolio entity of GI Partners and TA Associates, focuses on leveraging its digital platform, industry experience, and analytics offerings to optimize customer operations and enhance policyholder experiences.
