Insurance company

Pennsylvania Lumbermens Mutual Insurance Company Launches Insurity’s Cloud-Based Sure Underwriting to Accelerate and Strengthen Underwriting Through Automation

HARTFORD, Conn.–(BUSINESS WIRE)–Insurity, a leading provider of cloud-based software for the P&C insurance industry, today announced that Pennsylvania Lumbermens Mutual (PLM) Insurance Company has implemented Sure Underwriting software from Insurity to strengthen its underwriting processes. Sure Underwriting software allows PLM to automate its recommendation engine to speed up underwriting decisions, reducing the time required by up to 30 minutes per account.

With over 126 years of experience, PLM is the largest mutual insurance company dedicated to the wood and building materials industries. Based in Philadelphia, PLM serves more than 5,000 businesses nationwide. As a long-time customer of Instec, now an insurance company, PLM needed to simplify its underwriting process and provide its underwriters with the data needed to make informed underwriting decisions quickly.

Sure Underwriting from Insurity provides PLM with an intuitive and configurable rules engine, integrated data sources and workflow tools to streamline the underwriting process on a single platform. PLM policy service technicians can process renewals using Sure Underwriting’s configurable rules engine to automatically accept or decline simple risks. The rules engine also identifies complex risks and alerts underwriters to review the account.

“When underwriting complex risks like ours, realizing efficiencies through automation can be a challenge. Insurity’s Underwriting Workshop will give us the flexibility to automate certain steps in the process, such as data collection, so that we can focus our expertise on analyzing information and ensuring the highest quality and consistency in our underwriting execution,” said Erin Selfe, Vice President of Information Technology at PLM Insurance Company. “Leveraging configurability through the cloud provides a practical solution for a small to medium IT business like ours. »

“With Insurity’s Sure Underwriting, PLM underwriters save valuable time allowing skilled resources to focus their attention on complex risk requiring further investigation,” said Sylvester Mathis, Director of Insurance, Insurity. “Data sources and integrated systems give underwriters a complete picture of risk. They minimize the time spent switching between systems by bringing all the data together for efficient processing.

To learn more about how Insurity’s cloud-based Sure Underwriting software can help your organization achieve better underwriting results, please contact Laura Krause at [email protected]

About Insurance

Insurity is a leading provider of cloud-based software for insurance companies, brokers and MGAs. Insurity is trusted by 15 of the top 25 P&C carriers and 7 of the top 10 MGAs in the US and has over 400 cloud-based deployments. With its industry-leading digital platform, unparalleled industry experience and the most robust analytics offerings in the industry, Insurity is uniquely positioned to deliver exceptional value, allowing clients to focus on their core business, optimize their operations and deliver superior experiences to policyholders. Insurity is a portfolio company of GI Partners and TA Associates. For more information, visit www.insurity.com.

About Pennsylvania Lumbermens Mutual Insurance Company

Pennsylvania Lumbermens Mutual Insurance Company (PLM) (www.plmins.com) is a nationally recognized property and casualty insurance company serving the lumber, woodworking and building materials industries. With 126 years of experience, the Philadelphia, PA-based company protects more than 5,000 businesses nationwide with property, general liability, inland waterway, commercial automobile, general liability, commercial calendar and equipment failure.