Insurity Partners with OIP Robotics to Revolutionize Data Processing in P&C Insurance Through AI

Insurity, a leading provider of cloud software for insurance carriers, brokers, and MGAs, has joined forces with OIP Robotics (OIPR), a cutting-edge Insurtech data and software solutions lab, to revolutionize data processing in the property and casualty (P&C) insurance industry through the power of artificial intelligence (AI).

This strategic partnership aims to introduce unparalleled automation efficiency to policy lifecycle management, paving the way for a significant transformation in traditional data processing methods. By integrating enterprise-ready AI with Insurity’s advanced software as a service (SaaS) solutions, the collaboration promises seamless data flow, enhanced operational processes efficiency, and a drastic reduction in the risk of claims stemming from data entry errors.

Sylvester Mathis, Chief Insurance Officer at Insurity, expressed his enthusiasm for the partnership, stating, “This collaboration combines OIPR’s unique AI approach with Insurity’s comprehensive cloud-native offerings, bringing increased automation levels to our shared market. By merging ideas, technology, and perspectives, we aim to drive innovation and set new industry benchmarks.”

Furthermore, the partnership addresses the longstanding challenges faced by the insurance industry, such as the lack of standardization and unstructured documentation. By leveraging AI within SaaS solutions, Insurity and OIP seek to eliminate the complexities and costs typically associated with AI implementation in insurance, enabling insurers to focus on core functions like underwriting, risk management, and claims handling.

Mladen Subasic, Chief Product Officer at OIP Robotics, emphasized the importance of pairing state-of-the-art SaaS core systems with emerging AI capabilities to achieve true automation in insurance. He highlighted the goal of bringing low-touch, seamless data flow to underwriting, claims, and policy support teams, allowing them to prioritize customer relationships and business growth.

Subasic added, “The joint efforts of OIPR and Insurity aim to eliminate unstructured data, disparate tools, and reliance on legacy systems. We are excited about this partnership and look forward to collaborating with an innovation-driven company like Insurity.”

Overall, the collaboration between Insurity and OIP Robotics holds the promise of revolutionizing data processing in the P&C insurance sector, ushering in a new era of efficiency, automation, and innovation.