Selectsys Expands Full-Service Ecosystem with Acquisition of Expert Insured's AI Technology
In a significant strategic move, Selectsys, known for its business process outsourcing and technology solutions in the insurance sector, announced the acquisition of Expert Insured on February 26, 2025. This acquisition marks a pivotal moment for Selectsys as it aims to integrate cutting-edge AI technology into its ecosystem, enhancing its service offerings for managing general agents (MGAs) and wholesalers.
The integration of Expert Insured’s AI-powered management system positions Selectsys as a comprehensive full-service provider, allowing MGAs and wholesalers to optimize their processes with greater efficiency and control. The Expert Insured platform is designed to streamline various aspects of insurance management, focusing on key functions such as underwriting and policy management. The AI-driven functionalities are set to automate traditionally manual and time-consuming tasks, enabling underwriters to concentrate on critical decision-making and strategic validations rather than operational minutiae.
Key Features of Expert Insured
The system comes equipped with various innovative features, including:
With these capabilities, Expert Insured is set to redefine operational efficiency specifically tailored for the insurance industry. Additionally, its seamless integration with Selectsys' existing BPO services further empowers MGAs and wholesalers to scale their business operations quickly and effectively.
Leadership Transition and Vision
In conjunction with the acquisition, Spencer McDonald has taken the helm as the new CEO of Expert Insured. Previously a consultant at McKinsey & Company, McDonald brings expertise in AI applications within the InsurTech landscape, having developed AI and GenAI innovations for leading insurance companies across the globe. He expressed enthusiasm about leading Expert Insured into a transformative phase, stating, "Together with Selectsys, we're redefining efficiency for MGAs and wholesalers, setting new industry standards."
Selectsys CEO, Srinu Kalyan, shared insights on the strategic intent behind the acquisition: "With Expert Insured, we are now a full-service provider that meets every operational need with technology, automation, and bespoke resources. This partnership is poised to transform how MGAs and wholesalers operate, drive efficiency, and leverage the power of AI in managing insurance processes."
About Selectsys and Expert Insured
With over two decades of experience, Selectsys excels in providing BPO services and technology solutions tailored for MGAs and wholesalers. Their expertise covers a wide array of operational needs, including policy servicing, underwriting support, and claims administration designed to streamline processes across the insurance landscape. For more details, visit Selectsys.
Expert Insured has been a long-standing name in the InsurTech arena, offering an AI-driven management system that enhances efficiency through streamlined workflows and user-friendly policy management tools. As companies in the insurance sector continue to seek improvements in operational efficiencies, platforms like Expert Insured are becoming essential assets for success. For further information, check them out at Expert Insured.
The integration of Expert Insured’s AI-powered management system positions Selectsys as a comprehensive full-service provider, allowing MGAs and wholesalers to optimize their processes with greater efficiency and control. The Expert Insured platform is designed to streamline various aspects of insurance management, focusing on key functions such as underwriting and policy management. The AI-driven functionalities are set to automate traditionally manual and time-consuming tasks, enabling underwriters to concentrate on critical decision-making and strategic validations rather than operational minutiae.
Key Features of Expert Insured
The system comes equipped with various innovative features, including:
- - AI Gatekeeping: This feature automates the initial stages of underwriting, enhancing accuracy in data collection and submission processing.
- - Submission Extraction: Efficiently gathers necessary data, allowing for a quicker response time on policy inquiries.
- - Accounting Integration: Streamlines financial tracking, including invoices, commissions, taxes, and overall billing, making financial oversight seamless.
- - Task Management and Workflow Automation: Helps in assigning tasks, ensuring that operations run smoothly and team collaboration is maximized.
With these capabilities, Expert Insured is set to redefine operational efficiency specifically tailored for the insurance industry. Additionally, its seamless integration with Selectsys' existing BPO services further empowers MGAs and wholesalers to scale their business operations quickly and effectively.
Leadership Transition and Vision
In conjunction with the acquisition, Spencer McDonald has taken the helm as the new CEO of Expert Insured. Previously a consultant at McKinsey & Company, McDonald brings expertise in AI applications within the InsurTech landscape, having developed AI and GenAI innovations for leading insurance companies across the globe. He expressed enthusiasm about leading Expert Insured into a transformative phase, stating, "Together with Selectsys, we're redefining efficiency for MGAs and wholesalers, setting new industry standards."
Selectsys CEO, Srinu Kalyan, shared insights on the strategic intent behind the acquisition: "With Expert Insured, we are now a full-service provider that meets every operational need with technology, automation, and bespoke resources. This partnership is poised to transform how MGAs and wholesalers operate, drive efficiency, and leverage the power of AI in managing insurance processes."
About Selectsys and Expert Insured
With over two decades of experience, Selectsys excels in providing BPO services and technology solutions tailored for MGAs and wholesalers. Their expertise covers a wide array of operational needs, including policy servicing, underwriting support, and claims administration designed to streamline processes across the insurance landscape. For more details, visit Selectsys.
Expert Insured has been a long-standing name in the InsurTech arena, offering an AI-driven management system that enhances efficiency through streamlined workflows and user-friendly policy management tools. As companies in the insurance sector continue to seek improvements in operational efficiencies, platforms like Expert Insured are becoming essential assets for success. For further information, check them out at Expert Insured.
Topics Business Technology）
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