Fusion Specialty, a global underwriting agency (managing general agent), has partnered with Insly, an insurance software provider, to modernise its operations and enhance efficiency.
The partnership aims to accelerate Fusion Specialty’s growth in the mergers and acquisitions (M&A) insurance sector by improving operational efficiency. With an increasing volume of business, the company required a scalable solution that could standardise underwriting processes.
Fusion Specialty, founded in 2018, specialises in M&A insurance, offering coverage for warranty and indemnity (W&I), tax liability, and contingent risks. The company has established itself as a leader in the APAC region and continues to expand its presence in the US, UK, and Europe. It provides tailored insurance solutions to a diverse range of clients, from small and medium-sized enterprises (SMEs) to large multinational corporations.
Insly, founded in 2013, is a leading provider of low-code insurance software solutions. The company specialises in helping managing general agents (MGAs) and insurers streamline workflows, automate processes, and improve data-driven decision-making.
By adopting Insly’s platform, Fusion Specialty aims to enhance several critical areas, including accounting efficiency, data quality, and improved reporting.
Fusion Specialty CEO Katherine Simmonds said, “As a rapidly growing business, we needed a provider that could hit the ground running, and continue to evolve with us as we continue to grow.
“What we were looking for in a technology partner was someone who could cope with the complexities and nuances of M&A insurance, and after a careful review, Insly fit the bill well. They could provide us with significant efficiencies in the accounting and reporting processes as well as support the underwriters by automating some of the more routine activities”.
Insly CEO and founder Risto Rossar added, “Fusion Specialty has built up an exceptional reputation in the M&A market around the world, and has seen impressive growth in recent years. The Insly system will enable the company to accelerate its growth through automating manual processes, streamlining workflows and unlocking the power of data. We’re excited to join the team on the next phase of their journey.”
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