Insurity, Inc., a provider of core insurance processing softwareand services, announces its acquisition of insurance software firmAQS, Inc. With Insurity absorbing the assets of AQS, including thevendor's unique relationship with ISO, Insurity can now offer morevalue to existing Insurity and AQS clients as well as the broaderP&C insurance market, according to Insurity.

As a result of the acquisition, Insurity offers an enterprisepolicy processing platform with advanced configuration and toolingcapabilities, together with AQS' relationship with ISO and theVerisk ISO Rating Service. This solution set positions Insurity todeliver the combination of enterprise capability, configurablerating, comprehensive tooling, and a unique ISO relationship.

One of the most significant additions to Insurity's expandedsolutions and services is the ability to offer clients the benefitsof the distinctive position AQS holds in the marketplace, a resultof the company's ownership of the software and tools associatedwith Verisk's ISO Rating Service product. The ISO Rating Service isa comprehensive, automated rate-management system featuring apowerful combination of advanced technology and product-managementtools.

“We continue to be committed to provide ISO advisory contentthrough the ISO Rating Service platform and we are pleased to havea strategic relationship with Insurity,” says Verisk Analyticspresident and COO Scott G. Stephenson. “As a leading provider ofISO enabled policy administration solutions, Insurity is a valuedmember of our alliance network.”

“This is an exciting transaction for the marketplace,” saysKaren Furtado, a partner with the research and advisory firmStrategy Meets Action. “With this acquisition, Insurity is nowpositioned with an even stronger market offering. Thecombination of a modern platform, rich insurance content, andextensive industry experience creates a compelling valueproposition for insurers.”

“We're thrilled to have the talented and dedicated AQS staffjoin the Insurity team,” says Jeffrey Glazer, President and CEO,Insurity. “Both organizations share a common history and commitmentto focus on enabling customers to achieve their business goalsthrough the most effective use of technology. Our customers look tous for robust solutions, but they also want to be able to choosefrom a wider range of options and have a greater level of control.We've listened to our customers, we've learned, and we'reresponding.”