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Overview
Verity brings policy administration, claims, billing, and document management into one browser-based platform built for MGAs and carriers. Organizations managing multiple lines may find that configuration depth requires a careful setup phase. Teams that clear that hurdle get a fully connected policy lifecycle with significantly less cross-department coordination.
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Starting Price
Custom
Verity Specifications
- Policy Management
- Claims Management
- Underwriting Management
- Quote Management
Verity Features
CRM
Verity's built-in CRM stores and tracks insured, agent, and carrier contact records within the same system used for policy and billing operations. Rather than maintaining a separate contact database, staff can access relationship history, assign follow-up tasks, and manage communications directly from the platform without switching tools.
Rating Engine
This feature automates premium calculations using predefined underwriting rules configured by insurer, state, and coverage type. When a submission is entered, the system applies the relevant pricing logic and produces a quote in real time, reducing manual calculation steps and keeping pricing consistent across policies.
Policy Issuance
Once a quote is accepted, Verity generates and issues policies using the organization's own forms and coverage logic. The issuance process runs within the platform, keeping the full transaction — from initial submission through bound policy — in one system rather than requiring document generation in a separate tool.
Automated Renewals
Verity handles policy renewals through batch processing, running renewal workflows automatically based on expiration dates rather than requiring staff to initiate each one manually. Mass renewal runs can be scheduled and executed overnight, with the system flagging exceptions that need individual review before processing.
Pros And Cons of Verity
Pros
End-to-end policy lifecycle management
Built-in claims and billing management
Supports automated renewal processing
Cons
Feature-rich interface may overwhelm small agencies
Browser-based access requires internet connectivity
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Frequently Asked Questions
Does Verity offer an API?
Yes, Verity offers API access.
What other apps does Verity integrate with?
The vendor has not publicly disclosed information regarding its integrations.
Who are the typical users of Verity?
Verity is well-suited for organizations across the insurance sector, including MGAs and wholesale insurance businesses.
What types of pricing plans does Verity offer?
Investment in Verity is estimated at approximately $1,250/month for mid-market organizations. Final pricing may vary depending on deployment type, implementation scope, organization size, user licenses, and additional services. Get in touch with us to get a personalized Verity cost estimate.
Does Verity have a mobile app?
No, the software doesn’t have a dedicated mobile application.
What language does Verity support?
Verity is offered in the English language only.
What level of support does Verity offer?
The vendor offers support via email, contact number, and ticketing system.