Hartford-based Insurity, an insurtech that provides cloud-based software and services to more than 300 property and casualty insurers, has completed its fourth acquisition of 2020, and this time, the target was locally based.
Insurity, which is owned by private equity firm GI Partners and headquartered in the Colt Gateway campus, said it acquired Westport-based Bill It Now on Oct. 19, for an undisclosed price.
Bill it Now provides cloud-based billing and other private-labeled services to insurers, agents and administrators in the P&C space. Insurity CEO Chris Lafond said that the company’s offerings reduce time and operational costs, especially for small and mid-sized insurers and agents.
“The Bill It Now acquisition adds powerful technology and services to our robust suite of core system solutions, enabling us to provide clients with faster, simpler, and more flexible billing and payment processing,” Lafond said.
Insurity, founded in 1985, has inked three other acquisitions this year, buying insurance-related technology providers in Michigan, Florida and Texas.