Insurity Announces Billing-as-a-Service Now Costs Less Than Running Billing In-House for P&C Carriers and MGAs

Insurity Enhances Billing-as-a-Service Platform

Insurity has announced significant improvements to its Billing-as-a-Service platform, positioning it as a more cost-effective solution for property and casualty (P&C) carriers and managing general agents (MGAs). The new enhancements aim to streamline billing processes, making them easier and more affordable than traditional in-house operations.

Key Advancements

The latest updates to Insurity's Billing-as-a-Service include features designed to improve scalability and flexibility. This makes it particularly appealing for smaller carriers and MGAs who may not have the resources to run a complete billing operation. The platform reportedly offers lower operational costs compared to managing billing internally, which could be a significant advantage in a competitive market.

Who Will Benefit?

This announcement is aimed primarily at P&C carriers and MGAs looking to optimize their billing systems. By adopting this external billing solution, these companies can potentially reduce overhead costs and improve efficiency. This shift could allow them to focus more on core business operations rather than administrative tasks.

Industry Impact

As more companies explore technology-driven solutions in the insurance space, Insurity's advancements may signal a broader trend toward outsourcing billing operations. By offering a lower-cost alternative, Insurity may encourage other players in the industry to reevaluate how they manage billing and payments.

In summary, Insurity's improvements to its Billing-as-a-Service platform highlight a practical approach to reducing costs and enhancing operational efficiency for insurance providers.

Original Source: https://ffnews.com/newsarticle/insurity-announces-billing-as-a-service-now-costs-less-than-running-billing-in-house-for-pc-carriers-and-mgas/