Insurance Systems Inc.

Helping P&C Insurance Carriers Transform Operations through Technology

General Information
Company Name
Insurance Systems Inc.
Founded Year
1997
Location (Offices)
Toronto, Canada +3
Founders / Decision Makers
Number of Employees
77
Industries
Insurtech
Funding Stage
Private Equity
Social Media

Insurance Systems Inc. - Company Profile

Insurance Systems Inc. (ISI) is a pioneering Insurtech company founded in 1997. The company's mission is encapsulated in its slogan "Helping P&C Insurance Carriers Transform Operations through Technology." ISI offers comprehensive technology solutions tailored specifically for the P&C insurance industry. Their integrated approach to policy administration encompasses billing, claims, reinsurance, loss control, and financials, all consolidated on a modern platform. Additionally, ISI provides unexpected features including CRM, a robust rules engine, a flexible document engine, document management functionality, and business intelligence tools, consolidating them into one configurable platform, thereby enhancing efficiency and functionality.

The company's latest milestone was a Private Equity Round investment received on 06 June 2024. The investment was led by NexPhase Capital, showcasing confidence in ISI's potential for growth and innovation. ISI's offerings are positioned to benefit the P&C insurers by increasing automation, accelerating response to challenges, improving collaboration, facilitating agile product line launches, maximizing channel profitability, and enhancing risk management effectiveness, all contributing to increased profits. With its relentless pursuit of technological advancement and industry-specific solutions, ISI stands as a significant player in the Insurtech domain, poised for continued success and expansion.

Taxonomy: P&C insurance, policy administration, insurance technology, integrated solutions, rules engine, document management, business intelligence, cost reduction, distribution channels, profitability

Funding Rounds & Investors of Insurance Systems Inc. (1)

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Funding Stage Amount No. Investors Investors Date
Private Equity Round Unknown 1 06 Jun 2024

Latest News of Insurance Systems Inc.

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No recent news or press coverage available for Insurance Systems Inc..

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