The collaboration aims to streamline tax compliance, enhance operational efficiency, and empower insurers to navigate the complexities of the regulatory landscape.

The partnership will provide a fully integrated solution, enabling insurance entities to simplify surplus lines tax management by seamlessly connecting Insurity’s policy administration solutions with InsCipher’s automated tax processing software. This integration will facilitate the effortless transfer of Excess & Surplus (E&S) policy data between the platforms.

Surplus lines tax compliance has historically posed a significant challenge for insurers, demanding meticulous tracking, filing, and reporting to adhere to ever-changing state regulations. By automating these processes, the partnership will significantly reduce the time and resources required for compliance, minimizing the risk of errors and decreasing transaction costs.

“InsCipher fills a critical role in the non-admitted insurance industry through its tax filing platform. But without connectivity and a seamless way to get data into our system, our solution is only so effective,” said Jason Russon, VP, Sales and Marketing at InsCipher. “Partnering with Insurity amplifies the effectiveness of the InsCipher platform and further enables fast, accurate, and timely surplus lines tax reporting.”

“We are excited to partner with InsCipher to enhance the management of surplus lines tax for our customers,” stated Sylvester Mathis, Chief Insurance and Chief Revenue Officer. “This collaboration aligns with our commitment to providing innovative solutions that enable insurers to streamline their processes. Through this integration, our clients can improve their compliance efforts, increase efficiency, and reduce the administrative challenges associated with surplus lines tax.”