CedeRight® Reinsurance Service chosen to be added to Insurity Offering
DataCede, leading provider of operational consulting and technology solutions to the Property & Casualty insurance industry announced that Insurity and DataCede have signed a partnership agreement to offer DataCede’s comprehensive reinsurance solution to complement Insurity’s Insurance Decisions Suite. The DataCede/Insurity partnership enables the integration of DataCede’s CedeRight Reinsurance Solution with Insurity’s Insurance Enterprise View as well as the Insurance Decisions Suite, Insurity’s set of comprehensive core insurance processing applications — policy administration, billing, claims, reporting and portal solutions.
With the addition of the new CedeRight Reinsurance Solution, Insurity is now able to offer its clients and carriers in the property and casualty (P&C) market a single end-to-end, and fully integrated solution to allow for the replacement and consolidation of multiple legacy systems, including reinsurance legacy systems, to a common Insurity provided P&C platform.
Jeffrey Glazer, Insurity CEO, commented, “Insurity is well known and respected in the property and casualty market for our experience and our technology offerings, but we felt we needed a better answer for our clients’ reinsurance needs. We sought out a partner who not only was a technology complement to Insurity, but one who also shared our values and commitment to quality and client success. We found these same attributes in DataCede and we look forward to a long relationship with a focus on giving our mutual clients only the best in software and services.”
“Insurity’s decision to integrate our new CedeRight Reinsurance Service into their suite of products is proof of our combined commitment to deliver the finest and most advanced insurance and reinsurance processing solutions to the insurance industry,” said Joseph Zarandona, DataCede’s CEO. “Reinsurance processing has become a critical issue to CFOs, who are facing greater regulatory and rating agency scrutiny to secure their reinsurance recoverables as part of their solvency. The days of manual spreadsheet calculations and the associated collections leakage is not acceptable in todays regulatory environment”