Hartford, CT – Insurity recently announced that Victory Insurance has expanded its Workers’ CompXPress implementation to 47 states in less than two months to power its managing general agent (MGA) program. Through Insurity’s best-in-class, highly-configurable solution purpose-built for workers’ comp insurers, Victory is now able to provide its carrier and MGA partners with a full suite of policy, billing, and claims services, and enable them to be up and running on the platform within 30 days.
In 2018, Victory Insurance deployed Workers’ CompXPress across 11 states but needed to quickly expand to an additional 36 states to meet the requirements of its sprawling national MGA program. Insurity answered the call with a turnkey system that enables Victory’s carrier and MGA partners to enter any workers’ compensation market in less than 30 days. Additionally, the system’s intuitive self-service capabilities allowed Victory to perform over 90% of the configuration themselves, dramatically reducing implementation costs.
“Insurity has once again proven to be an exceptional partner,” said Keith Brownfield, CEO of Victory Insurance. “From the expertise of their team to the strength of their solutions, they were able to deliver what others couldn’t. Through the Insurity system, Victory Insurance is now able to offer carriers a virtually unrivaled speed-to-market, bringing up new partners both with systems and business processing, in less than 30 days. Carriers can enter a new workers’ comp market with minimal effort, maximum speed, and market-leading effectiveness.”
“We’re delighted that Victory has chosen to expand its relationship with Insurity on a national scale and has trusted our Workers’ CompXPress solution as the backbone of its technology strategy,” said Sylvester Mathis, Insurity’s chief insurance officer. “Insurity’s superior speed-to-market capabilities not only enabled Victory to rapidly scale its deployment across 47 states, but also helps the onboarding of new partners with unrivaled speed, no matter what states they choose to enter.”
Source: Insurity