Insurity and InsCipher team up to revolutionize surplus lines tax compliance
Insurity has formed a new partnership with InsCipher to streamline surplus lines tax management. The collaboration aims to cut costs, reduce errors, and speed up tax processing for insurance carriers, brokers, and managing general agents (MGAs). Both companies see the move as a major step in improving compliance efficiency.
Separately, Insurity also announced the appointment of Jonathan Victor as its new chief operating officer in November 2024.
The alliance between Insurity and InsCipher brings together cloud-based policy administration with automated tax software. By integrating their platforms, data now flows seamlessly between systems, reducing manual work and potential mistakes. This connection helps accelerate filing times while keeping transaction costs low.
Sylvester Mathis, Chief Insurance and Revenue Officer at Insurity, highlighted the benefits for customers. He described the partnership as a way to deliver a complete, end-to-end compliance solution for surplus lines tax management. Jason Russon, VP of Sales and Marketing at InsCipher, added that the collaboration boosts the effectiveness of InsCipherâs tax reporting tools. In a separate development, Insurity named Jonathan Victor as its chief operating officer in November 2024. The appointment follows the companyâs ongoing efforts to strengthen its leadership team and operational capabilities.
The partnership between Insurity and InsCipher provides a more efficient system for handling surplus lines taxes. Automated processing and integrated data transfer aim to simplify compliance for insurance professionals. Meanwhile, Jonathan Victorâs appointment as COO reinforces Insurityâs focus on operational growth and service expansion.