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Insurity Acquires AQS, Citing 'Unique' ISO Relationship

The acquiring vendor says it can now "offer significantly more value to existing Insurity and AQS clients as well as the broader P&C insurance market."

Hartford, Conn.-based policy administration, claims, billing, and analytics software provider Insurity has acquired Hartland, Wisc.-based AQS, which offers many of the same capabilities but also has a "unique" relationship with the P&C risk information provider ISO.

AQS owns the software and tools associated with Verisk’s ISO Rating Service product, a relationship that will continue under the Insurity banner, according to Scott Stephenson, president and COO of ISO parent company Verisk.

“We continue to be committed to provide ISO advisory content through the ISO Rating Service platform and we are pleased to have a strategic relationship with Insurity,” he said in a statement.

[Insurity's Madonna-like reinvention]

“We’re thrilled to have the talented and dedicated AQS staff join the Insurity team,” added Jeffrey Glazer, President and CEO, Insurity, in a statement. “Both organizations share a common history and commitment to focus on enabling customers to achieve their business goals through the most effective use of technology. Our customers look to us for robust solutions, but they also want to be able to choose from a wider range of options and have a greater level of control. We’ve listened to our customers, we’ve learned, and we’re responding.”

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio

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