June 21, 2013

Insuresoft identified as a leader in North American Software Deal Trends

Insuresoft, a leading provider of Property & Casualty software solutions, was named by Celent Insurance Group (Celent) as a leader in technology deals in 2012. Featured in a recent Celent report, "North American Insurance Software Deal Trends 2013, Property/Casualty Edition," Insuresoft is highlighted as a software selection in 2012, capturing 7% of the total reported deals in the market among other surveyed vendors.

The 26 page report breaks down deal activity by carrier size, type of deal, four metacategories (core processing, distribution, infrastructure and financial, and document/content management), and a number of subcategories. Data from previous Deal Trends reports are used to look at longer-term trends, and leading vendors for each metacategory are identified. Based on vendor-provided data, the report also names leaders in the Celent Traction Index, which is an indicator of which companies are finding success in the insurance vertical.

"The success we achieved in 2012 is a testament to 19 years of continued product innovation, as well as a history of consistent implementation success. Signing new customers is the first step in achieving success, we are more proud of the fact that all new customers signed in 2012 are currently live and processing business on the Diamond Application," says Brad Stoub, Vice President of Sales & Marketing at Insuresoft.

The full report can be downloaded here: Full Report

About Celent:
Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is part of Marsh & McLennan Companies.

About Insuresoft, Inc.:
Insuresoft is a Microsoft Gold Certified independent software vendor delivering insurance software to the property and casualty insurance industry. Insuresoft offers a suite of products and services that are configured to meet the unique needs of insurance companies in North America. Insuresoft is a privately-held company with offices in University Park, Illinois and Tuscaloosa, Alabama.

Contact: Kara Deveney
Phone: (866) 299-1314 ext. 35004
Fax: (708) 534-0163
kdeveney@insuresoft.com

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