Insurity has launched its latest product update, known as the Andromeda release, introducing a wide range of new capabilities designed to help property and casualty insurers sharpen decision-making, speed up critical processes, and better control costs.
The company, which provides cloud-based software for P&C insurers, brokers, and MGAs, said the release marks a significant step in bringing more transparency, automation, and intelligence across underwriting, policy administration, claims and analytics.
The updates are aimed at helping insurers improve quoting speed, assess risk with greater precision, and enhance operational efficiency at scale.
Insurity said the Andromeda release includes new tools to give underwriters full visibility into how premiums are calculated. Users can now see every rate, rule, and factor behind a quote or policy, providing what the firm describes as complete transparency across the policy lifecycle. The company said this level of detail is intended to support better judgement and reduce uncertainty at the point of underwriting.
Another new feature is designed to support more advanced catastrophe modelling. Insurers can model realistic catastrophic scenarios with multi-ring accumulation and location-level financial calculations, allowing for greater accuracy in reinsurance planning and risk evaluation.
The update also introduces intelligent submission scoring to help insurers prioritise the most profitable opportunities. Insurity said the capability removes guesswork by using data to identify submissions most likely to deliver strong underwriting outcomes.
Underwriters will also be able to view claims data directly within their workflows, reducing the need to switch between systems. This integration is expected to give a more complete view of risk and speed up decisions on complex cases.
For field teams, Insurity has added a mobile application designed to streamline surveys and inspections, aiming to improve data capture and reduce losses through quicker, more reliable reporting. The release also automates mid-term producer licence verification for workers’ compensation policies, reducing manual work and helping insurers maintain compliance when new units are added by endorsement.
Jatin Atre, Insurity chief business officer and EVP of software and analytics, said the focus of the release is to give insurers tools that adapt to their own processes rather than forcing them into rigid systems. Insurity chief business officer and EVP of software and analytics Jatin Atre said, “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.”
The company said these developments form part of its wider $50m investment in research and development, reflecting a long-term strategy focused on sustainable product innovation.
