Vencora business Insuresoft was recognized as a Challenger in the 2021 Magic Quadrant for P&C Core Platforms, North America.
September, 2021 - TORONTO, ON
Vencora business Insuresoft was recognized as a Challenger in the 2021 Magic Quadrant for P&C Core Platforms, North America by Gartner, which delivers actionable, objective insight to executives and their teams.[1]
Insuresoft provides mission-critical systems for property and casualty insurance providers, including its flagship platform Diamond, which is comprised of policy, billing, claims and analytics modules.
“We are honored to be named by Gartner as a Challenger in this Magic Quadrant report for the fifth time. We believe that this is an honor which validates our standing in the industry and our commitment to our clients’ overall success as they grow their businesses,”
- Terry Brown, Insuresoft’s Vice President of Sales and Marketing.
Insuresoft was evaluated in this Magic Quadrant based on its Completeness of Vision as well as its Ability to Execute.
“Our vision is for Insuresoft to be the core platform that powers insurers’ business. Insurers are working to humanize their business by providing amazing experiences across their business. As they look to optimize their business, we are committed to deliver our platform for insurers to harness an open ecosystem, implement quickly, and to deliver happiness to their policyholders,” said Brown.
In order to achieve this, he noted that the company is heavily focused on enabling its clients and empowering their digital ambitions.
“We continue to invest in critical digital initiatives, including support with data integration and cloud-native services. As we look to the future, we want our clients to leverage the cloud as a growth engine, remove maintenance burdens and scale to meet the client’s needs.”
Brown added that she considers that this recognition in Magic Quadrant report also speaks to the success of its growth strategy under Vencora. Since joining the Vencora portfolio, Insuresoft has been able to utilize shared services and cross-selling opportunities with other businesses in the portfolio to support its growth. Vencora has also provided best practices, which Insuresoft has used to support building out key functional areas, including marketing and R&D.
“Under Vencora, we have more access to insights on what is going on around the globe, and how that impacts the U.S. Insurance market. From research, infrastructure, and technical maturation, we’re seeing the scale that Vencora provides as actionable insights into our growth story,” said Brown.
[1] Gartner, Magic Quadrant for P&C Core Platforms, North America, James Ingham, Sham Gill, Published 14 September 2021.
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