Hartford, CT – Insurity recently announced that SteadPoint Insurance Group, a regional workers’ compensation carrier, is leveraging Insurity’s Workers’ Comp Suite software to expand its business. Insurity’s configurable software platform will support SteadPoint’s plans to grow from a regional to a national workers’ compensation insurer.
SteadPoint Insurance Group, a general agency, underwrites business on only Workers’ Compensation policies. SteadPoint quickly grew to nine states across the southeast before its recent national expansion. The company credits Insurity’s speed-to-market and configurable self-service tools as the key.
Insurity’s powerful end-to-end suite, combined with the Workers’ Comp Suite self-service configuration capabilities, will enable SteadPoint to add policy, billing, and claims administration features for new states in less than 30 days. A core differentiator of Insurity’s Workers’ Comp Suite is that it enables SteadPoint to rapidly configure the software itself, furthering its ability to enter new markets.
“We are thrilled to grow our business nationally and serve more employers, with the help of Insurity’s software,” said Chaz Bryan, President & CEO, SteadPoint Insurance Group. “Workers’ Comp Suite is easy to use and sets it apart from other SaaS platforms in the industry. Expanding our regional footprint will allow us to better support our carrier partner(s) by offering capacity and capabilities in markets we were unable to reach in the past. We can also further diversify the risk in our portfolio, which is important with rates fluctuating significantly from state to state. It’s a win-win all around.”
“Insurity is excited to see our longtime customer SteadPoint take their business to the next level with Workers’ Comp Suite,” said Sylvester Mathis, Chief Insurance Officer, Insurity. “Insurity’s Workers’ Comp software is the most efficient system in the market for expanding into new states, empowering organizations like SteadPoint to get up and running three times faster than the market average. What used to take months can now be completed in weeks.”