Denver, CO – Insurium™ (CHSI Technologies Corp) and Spear Technologies recently announced that the organizations will be merging.
Insurium and Spear Technologies will operate as a single company offering a full suite of integrated insurance technology solutions designed specifically for Property & Casualty insurance organizations. Together the companies combine their deep insurance expertise, technology, and customer-oriented staff to continue delivering stellar service, industry-leading insurance solutions, and an expanding Insurtech partner ecosystem for clients to tap into.
“The future is bright and we have more to offer than ever before to insurance organizations of all sizes nationwide.”
The combined organization, to be known as Spear Technologies, will continue to build and deliver powerful, easy-to-use core insurance software inclusive of policy administration, claims management, and portals with robust rating, billing, automation, integration and analytics capabilities leveraging the Microsoft Power Platform.
The combined company will be led by Jeremy Williams, Insurium’s CEO, alongside Spear’s founders and industry veterans, Jose Tribuzio and Brian Mack, who will serve as the company’s President of Technology and Chief Revenue Officer respectively.
“This merger accelerates our vision of providing the P&C Insurance space a complete suite of core systems based on the Microsoft Power Platform, providing a truly differentiating solution,” said Brian Mack, Spear Technologies founder and Chief Revenue Officer.
“The team at Spear Technologies shares the same culture and values as Insurium, and we’re completely aligned on our common product vision and innovation roadmap,” Jeremy Williams, CEO, continued. “The future is bright and we have more to offer than ever before to insurance organizations of all sizes nationwide.”
Martina Conlon, Head of P&C Insurance Practice at industry analyst Aite-Novarica Group states: “Core system transformations are a top priority for small and midsize insurers for 2023, and configurable, integrated suites are their preferred platforms. The merger of Spear Technologies and Insurium, and the availability of their integrated suite, offers expanded options to small and midsize insurers that write a broad range of lines of business.”
Spear Technologies Co-Founder and President of Technology, Jose Tribuzio stated: “We are thrilled to join forces with Insurium. This merger brings great synergies and truly accelerates our growth strategy. Spear Technologies’ deep industry experience combined with our modern low-code platform will allow us to provide outstanding solutions and services to our insurance clients.”
Source: Spear Technologies