Insurance Systems Inc. Welcomes Industry Leaders to Board for Strategic Growth

Insurance Systems Inc. Strengthens Leadership with New Board Members



On April 24, 2025, Insurance Systems Inc. (ISI), a prominent supplier of enterprise software for the insurance sector and a portfolio company of NexPhase Capital, announced the appointment of two seasoned professionals, Michael Roe and Neil Spector, to its Board of Directors. This strategic move aims to accelerate growth and bolster value creation for ISI’s insurance carrier clients.

Michael Roe comes with over 30 years of experience in vertical market software innovation. His proven track record includes co-founding and serving as President of FAST, a life insurance software provider that was acquired by Verisk Analytics in 2019. He has also held senior roles at NaviSys and FirstBest Systems. His extensive know-how in vertical software markets will be invaluable in guiding ISI’s strategic initiatives and product development.

On the other hand, Neil Spector brings more than two decades of experience in insurance technology. Previously, he served as President of Underwriting Solutions at Verisk Analytics, where he was responsible for developing transformative products used across various insurance lines. His expertise in analytics and underwriting will enable ISI to refine its offerings and better cater to the evolving demands of modern insurers.

CEO Casey Kretz expressed enthusiasm about the new appointments, mentioning, "I am thrilled to welcome Mike and Neil to our Board. Their collective industry experience and software development skills, along with a thorough understanding of our customer base, will undeniably propel ISI's strategic goals forward."

Both Roe and Spector are excited about joining ISI at a crucial stage. Roe stated, "I am eager to help advance ISI’s mission of continuous innovation and delivery of customer-centric solutions. Collaborating with the talented team at ISI is something I look forward to."

Meanwhile, Spector noted, "It’s a privilege to join ISI and contribute my experience to support carriers in transforming their operations. The focus on providing data-driven technology that meets current industry needs is essential, and I’m eager to assist in navigating ISI’s upcoming growth phase."

Founded in 1997, ISI specializes in creating and implementing advanced software solutions for the property and casualty insurance segment. Their flagship product, 'ISI Enterprise,' caters primarily to small to mid-sized commercial and specialty insurers, focusing on those with annual premiums between $10 million and $400 million. Headquartered in Toronto, ISI has developed a diverse clientele and remains committed to enhancing product offerings and customer service.

As this renowned company embarks on this new chapter, the addition of such influential leaders on its board signals an exciting future, promising innovative solutions and strengthened market presence in the insurance software realm. For more information about ISI and its products, visit www.insurancesystems.com.

NexPhase Capital, which operates as a private equity firm focused on growth-oriented companies, plays an instrumental role in ISI's future direction. Their extensive industry experience will greatly complement the new board members’ contributions, paving the way for a successful and innovative roadmap for ISI in the years to come.

Topics Business Technology)

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