Midwest Builders’ Casualty Group Wins “Excellence in Premium Growth for a Monoline Carrier” Award at Excellence in Insurance Innovation, Sponsored by Insurity

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Midwest Builders’ Casualty Group Recognized for Outstanding Five-Year Growth by Expanding to 31 States and Increasing Quote Activity, Number of Insureds and Premiums

HARTFORD, Conn. — Insurity, a leading provider of cloud-based software for insurance companies, brokers and MGAs, today announced that Midwest Builders’ Casualty Group is the recipient of the “Excellence in Premium Growth” award. for a Monoline Carrier” to Excellence in Innovation in Insurance. The Excellence in Insurance Innovation Awards Ceremony was held in Las Vegas and recognized outstanding performance by P&C organizations in categories such as Outstanding Policyholder Service, Digital Transformation, and Excellence in Data and Analytics. to analyse.

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Midwest Builders’ Casualty is a regional mutual specializing in workers’ compensation insurance for the construction and manufacturing industries. Due to a common anniversary date required by its previous system of over 20 years, as well as a limitation by the state, Midwest Builders’ Casualty was unable to capture the market growth it wished. Midwest partnered with Insurity in 2016 to modernize its system and start capturing these missed opportunities.

Midwest Builders’ Casualty went live on Insurity’s Workers’ Comp Suite in July 2017. Portal options, self-reporting features and ease of setup enabled Midwest Builders staff, policyholders and agents to seamlessly adapt to the new system. The ease of use of the Insurity platform helped Midwest Builders’ Casualty grow from 14 states to 31 states in less than three years.

“Throughout this transformation, none of our service standards have changed,” said Beth Long, COO of Midwest Builders’ Casualty Group. “We have maintained a retention rate of 98% per year for policyholders since our transition to the insurance platform, which not only praises the service provided by our staff, but also shows that finding the right technology partner can really allow you to grow seamlessly.”

“The ability to scale and grow profitably is not just a sign of innovation, but a marker of the success of our industry,” said Sylvester Mathis, director of insurance at Insurity. “Midwest Builders’ Casualty has seen impressive growth in the single-line worker compensation space over the past few years and continues to forge ahead by strengthening the efficiency of its premium audit process.”

To learn more about the Excellence in Insurance Innovation awards, please contact [email protected]

About insurance

Insurity is a leading provider of cloud-based software for insurance companies, brokers and MGAs. Insurity is trusted by 15 of the top 25 P&C carriers and 7 of the top 10 MGAs in the US and has over 400 cloud-based deployments. With its industry-leading digital platform, unparalleled industry experience and the most robust analytics offerings in the industry, Insurity is uniquely positioned to deliver exceptional value, allowing clients to focus on their core business, optimize their operations and deliver superior experiences to policyholders. Insurity is a portfolio company of GI Partners and TA Associates. For more information, visit www.insurity.com.

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About Midwest Builders’ Casualty Group

Midwest Builders’ Casualty is a regional mutual specializing in workers’ compensation insurance for the construction and manufacturing industries. Its goal is to provide the highest level of service and quality insurance coverage to our policyholders while maintaining both competitive pricing and profitability, and delivering a consistent dividend return to policyholders.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20221103005937/en/

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