Insurity has launched its latest Andromeda software release following a $50 million investment into artificial intelligence and research and development, marking one of the company’s most significant product expansions to date. The new release introduces real-time risk intelligence, advanced rating transparency, and frontline productivity tools designed to strengthen the competitive position of carriers, MGAs, and brokers across the property and casualty insurance sector.
The Hartford-based company, one of the largest insurance software providers with more than five hundred carriers and MGAs using its platforms, said the Andromeda release is engineered to deliver measurable performance improvements in quoting accuracy, risk assessment, and operational efficiency. The release adds new automation, deeper integration, and expanded analytic capabilities across underwriting, policy, claims, and data environments.
Insurity outlined a variety of new enhancements designed to improve visibility and decision-making. These advancements include full transparency into premium calculations, showing every rate and rule used to produce a quote; enhanced catastrophic risk modeling through multi-ring accumulation and location-level financial calculations; and intelligent submission scoring to help insurers prioritize the most profitable opportunities. Insurers can now also view claims information directly within underwriting workflows, use a new mobile app to support field inspections and loss prevention efforts, and automate mid-term producer license verification in workers’ compensation.
These capabilities reflect Insurity’s long-term strategy to build highly configurable, AI-powered systems engineered for commercial lines and designed to help insurers launch products faster, operate more efficiently, and make sharper decisions throughout the policy lifecycle.
KEY QUOTE:
“Every insurer is unique, and we’re rapidly investing in R&D to bring our customers flexible software that enables them to maintain that uniqueness and grow profitably. The Andromeda Release is focused on freeing insurers from rigid systems and empowering them with intelligent, flexible tools that fit the way they do business. Andromeda showcases how we’re delivering real innovation to solve the hardest problems for our customers.”
Jatin Atre, Chief Business Officer and EVP of Software and Analytics at Insurity
