IDC Financial Insights ranks top enterprises worldwide serving the financial services industry

HARTFORD, Conn., September 12, 2024–(BUSINESS WIRE)–Insurity, the leading provider of cloud-based software and analytics for insurance carriers, brokers, and MGAs, today announced it was categorized as a 2024 IDC FinTech Rankings Top 50 solution provider. Insurity was recognized for its continued investments in its business and the comprehensive strength of its portfolio, showcasing the breadth and depth of its solutions for the insurance industry. The elite list features the technology companies from around the globe that are focused on providing solutions to the financial services and FinTech industries.

“Being recognized in the IDC FinTech Rankings highlights our focus on delivering technology that directly addresses the evolving needs of P&C insurers,” said Chris Lafond, Chief Executive Officer at Insurity. “Insurity is committed to providing solutions that enhance underwriting accuracy, streamline claims processing, and improve data-driven decision-making, helping our customers stay ahead in a competitive market.”

The Fortune 500-style ranking categorizes and evaluates the top global providers of financial technology based on calendar year revenues from financial institutions for hardware, software and/or services. These providers supply the technological backbone of the financial services industry, an industry in which IDC forecasts worldwide spending on IT across the globe to be over $800 billion (USD) by 2026.

To thrive in a digital economy, financial services organizations must embrace and integrate innovative technology effectively to enhance the customer experience and achieve operational excellence. Insurity and the enterprises featured on the IDC FinTech Rankings Enterprise Top 50, represent those organizations committed to helping financial services companies successfully execute their digital transformation initiatives for the betterment of their customers around the world. IDC Financial Insights publishes a comprehensive report about the year’s findings that is available to view or download.

Insurity’s success is driven by its robust portfolio of cloud-based solutions designed to streamline operations, improve customer experiences, and enable digital transformation across the insurance sector. Insurity’s innovative policy, billing, claims, and analytics offerings have positioned it as a leader in providing advanced technology solutions tailored to the unique needs of insurers.

Story continues

To learn more about how Insurity’s cloud-based solutions can benefit your organization, please contact Elizabeth.Hutchinson@insurity.com.

About Insurity

Insurity is a leading provider of cloud-based software for insurance carriers, brokers, and MGAs. Insurity is trusted by 22 of the top 25 P&C carriers and 7 of the top 10 MGAs in the US and has over 400 cloud-based deployments. Through its best-in-class digital platform and with unrivaled industry experience and the industry’s most robust analytics offerings, Insurity is uniquely positioned to deliver exceptional value, empowering customers to focus on their core businesses, optimize their operations, and provide superior policyholder experiences. Insurity is a portfolio company of GI Partners and TA Associates. For more information, visit www.insurity.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240912176233/en/

Contacts

Elizabeth.Hutchinson@insurity.com

Two weeks after the general strike, Finance Minister Bezalel Smotrich met with Histadrut Chairman Arnon Bar-David on Thursday. The meeting occurred in light of the ongoing development of the 2025 budget and a series of discussions the finance minister is holding with various economic stakeholders, as reported by Maariv. 

TOKYO (AP) — Asian shares mostly rose on Thursday, encouraged by gains on Wall Street led by a handful of influential Big Tech companies.

Japan’s benchmark Nikkei 225 soared in early trading, adding 2.8% to 36,605.62, although the sharp gains were partly a reflection of earlier sharp drops.

The cheap yen was a boon for some issues, as it boosts the value of overseas earnings when converted into yen. Toyota Motor Corp. jumped 2.8%, while Nintendo Co. edged up 1.2%.

In currency trading, the U.S. dollar rose to 142.53 Japanese yen from 142.28. The euro cost $1.1016, inching down from $1.1017.

Shares in Nippon Steel Corp. were little changed after Keidanren, a group of Japan’s top businesses, expressed in a letter to U.S. Treasury Secretary Janet Yellen concerns about “political interference” in Nippon Steel’s proposed acquisition of U.S. Steel Corp. U.S. Steel issues finished nearly 7% higher a day earlier.

“America’s investment climate will be severely tarnished if such political interference prevails,” according to the letter, which was also signed by the U.S. Chamber of Commerce, Global Business Alliance, Alliance for Automotive Innovation and other groups.

Yellen oversees the government committee reviewing the takeover, while the White House recently signaled an openness to blocking the acquisition.

In the rest of the region, Australia’s S&P/ASX 200 rose 0.7% to 8,041.10. Hong Kong’s Hang Seng jumped 1.0% to 17,283.46, while the Shanghai Composite was little changed at 2,720.40.

On Wall Street, the S&P 500 rallied 1.1% after erasing a morning wipeout of 1.6%. A majority of the index’s stocks still finished lower for the day, but the performances by Nvidia and other tech stocks were enough to drive it to a third straight gain and back within 2% of its all-time high set in July.

The Dow Jones Industrial Average rose by 124 points, or 0.3%, after rallying back from a drop of 743 points. The Nasdaq composite jumped 2.2%.

In the latest government report on U.S. inflation, overall inflation slowed to 2.5% in August from 2.9% in July, a touch better than expected. But prices rose more than expected from July into August when ignoring food and energy, and economists say that can be a better predictor of where inflation is heading.

The data seemed to confirm the U.S. Federal Reserve will likely cut its main interest rate at its meeting next week, which would be the first such cut in more than four years. A worry is that it may prove too late, with U.S. shoppers already struggling under the weight of high prices.

Big Tech also once again lifted Wall Street. A handful of these behemoths accounted for most of the S&P 500’s return through the early part of this year, in large part on excitement about the artificial-intelligence boom.

Story continues

Besides the 8.1% jump for Nvidia, gains of 2.8% for Amazon, 2.1% for Microsoft and 6.8% for Broadcom were the strongest forces lifting the S&P 500.

All told, the S&P 500 rose 58.61 points to 5,554.13. The Dow rose 124.75 to 40,861.71, and the Nasdaq composite jumped 369.65 to 17,395.53.

In the bond market, the yield on the 10-year Treasury rose to 3.66% from 3.64% late Tuesday. The two-year yield, which more closely follows expectations for Fed action, rose more, to 3.65% from 3.59%.

In energy trading, benchmark U.S. crude gained 19 cents to $67.50 a barrel. Brent crude, the international standard added 26 cents to $70.87 a barrel.

___

AP Business Writer Stan Choe contributed.