Insurity Collaborates with InsCipher to Simplify Surplus Lines Tax Filing

Cloud-based insurance software provider Insurity has partnered with InsCipher, a company specializing in automating surplus lines tax filing.

This collaboration aims to offer insurance carriers, brokers, and managing general agents (MGAs) a solution that simplifies the management of surplus lines taxes, reducing compliance challenges.

The integration of Insurity’s cloud-based policy administration solutions with InsCipher’s tax automation software enables the seamless transfer of excess and surplus (E&S) policy data between platforms.

This automation facilitates streamlined tax processing, which can lower transaction costs, minimize errors, and speed up filing times.

The partnership is expected to expand Insurity’s E&S tax solutions to its customer base, providing a comprehensive “end-to-end” compliance solution.

Jason Russon, VP of Sales and Marketing at InsCipher, said: “InsCipher plays a critical role in the non-admitted insurance industry through its tax filing platform. However, without connectivity and a seamless way to transfer data into our system, our solution has limited effectiveness. Partnering with Insurity amplifies the effectiveness of the InsCipher platform and further enables fast, accurate, and timely surplus lines tax reporting.”

Sylvester Mathis, Chief Insurance and Chief Revenue Officer at Insurity, stated: “We are excited to partner with InsCipher to enhance the management of surplus lines tax for our customers. This collaboration aligns with our commitment to providing innovative solutions that enable insurers to streamline their processes. Through this integration, our clients can improve their compliance efforts, increase efficiency, and reduce the administrative challenges associated with surplus lines tax.”

In November 2024, Insurity appointed Jonathan Victor as its Chief Operating Officer. Victor will oversee cloud operations, customer success, enterprise security, system integrator operations, and professional services.

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