Underwriting agency Fusion Specialty is introducing Insly insurance software across its global operations.

The new system will better handle growing business volumes, support underwriting and automate and standardise processes, according to Fusion.  

Fusion CEO Katherine Simmonds says London-based Insly is well equipped to handle the complexities of mergers and acquisitions insurance.

The software’s ability to improve accounting efficiency and data quality and provide comprehensive reporting were deciding factors, she says.

“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.

“They could ... support the underwriters by automating some of the more routine activities.”

Fusion is the first Australian customer for Insly, which joined the Underwriting Agencies Council this year and attended the UAC conference on February 7 to showcase its platform.  

Insly says its software is designed for underwriting agencies and insurers, enabling them to digitise and automate operations, including distribution, policy administration, underwriting, claims and finance. 

“Underwriting agencies play a vital role in the Australian insurance market, yet many are still operating with manual processes and inefficient legacy systems,” founder Risto Rossar said. “As the market matures, underwriting agencies are looking for technology tailored to their specific needs and with the flexibility to scale as they grow. For this reason, Australia is an important strategic market for Insly.”