Insurity Acquires Epic-Premier to Advance Leadership in the MGA Market
- July 02, 2020
HARTFORD, Conn.--Insurity, Inc., a leading provider of cloud-based core system solutions and data analytics for the world’s largest insurers, brokers, and MGAs, today announced that it has completed the acquisition of Florida-based Epic-Premier Insurance Solutions, Inc. The acquisition further strengthens Insurity’s position in the growing managing general agent (MGA) market.
Epic-Premier offers end-to-end core system software solutions for a diverse client base of MGAs, program managers, and wholesale brokers. Its technology, purpose-built to meet the unique needs of MGAs, combined with Insurity’s industry-leading digital platform and cloud services, will help these property & casualty professionals streamline their business operations across the entire policy lifecycle, increase the automation of both standard and specialty insurance lines, and improve the speed and agility needed to meet an ever-growing set of bespoke client requirements. The solution can also be leveraged by carriers and brokers who currently manage MGA networks or who wish to create MGA networks to broaden their market reach.
“Epic-Premier is a standout addition to Insurity’s already expansive suite of digital core system solutions, bringing capabilities specifically designed to support MGAs and adding substantial breadth and depth of market experience to our team,” said Chris Lafond, CEO of Insurity. “Together with our cloud expertise and wealth of data assets, we have greatly expanded our solution offerings for MGAs and are well-positioned for leadership of this market.”
“With Insurity’s cloud leadership and with the technological maturity of their digital platform, we are able to accelerate our transition to cloud and API-based architectures and deliver greater value to our clients,” said Kevin Grimes, CEO of Epic-Premier. “In addition, Insurity’s extensive client base and deep industry relationships will enable us to bring our solutions to a broader audience. We are excited to continue to provide our clients the same exceptional service, along with the additional tools and resources needed to help them drive significant business value.”
The acquisition was completed on June 22, 2020. The terms of the acquisition were undisclosed.