Insly secures first Australian customer
27 February 2025: Fusion Specialty, the global underwriting agency (managing general agent), has chosen Insly to provide end-to-end insurance software across its global operations. The system will enable Fusion Specialty to better handle rapidly increasing business volumes, support the underwriting process, and automate and standardise processes across the insurance lifecycle.
Founded in 2018, Fusion Specialty specialises in mergers and acquisitions (M&A) insurance, including warranty and indemnity (W&I), tax liability, and contingent risks. One of the largest M&A specialists in the APAC region, and with a growing footprint in the US, UK and Europe, it provides cover to customers ranging from small SMEs to large corporations.
The Fusion team chose Insly due to its flexible, scalable platform, and ability to enhance a number of business processes, including boosting accounting efficiency, improving data quality, and providing comprehensive reporting. The company works with numerous carriers, including general insurance companies, reinsurance companies and Lloyd’s syndicates making accurate and timely reporting vital.
“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,” explains Katherine Simmonds, CEO, Fusion Specialty. “What we were looking for in a technology partner was someone who could cope with the complexities and nuances of M&A insurance, and after a careful review, Insly fit the bill well. They could provide us with significant efficiencies in the accounting and reporting processes as well as support the underwriters by automating some of the more routine activities”.
Risto Rossar, CEO and Founder of Insly, said: “Fusion Specialty has built up an exceptional reputation in the M&A market around the world, and has seen impressive growth in recent years. The Insly system will enable the company to accelerate its growth through automating manual processes, streamlining workflows and unlocking the power of data. We’re excited to join the team on the next phase of their journey.”
ENDS
About Insly
Since 2013, Insly has been on a mission to help MGAs and insurance companies deliver better products, service, and profitability through flexible low-code software.
Founded by Risto Rossar, who established the first digital insurance broker in the world in 2000, Insly is built on deep insurance and technology expertise, with products designed around the exact needs of MGAs and insurers. Fast to implement, Insly’s modular solutions span the entire insurance lifecycle, enabling MGAs and insurers to build a system that fits their evolving needs, while integrating seamlessly through open APIs. Improved workflows and automation mean Insly customers can handle on average double the gross written premium (GWP) as with their previous systems while gaining business visibility and insights to take their business to the next level.
