New Board Members at Insurance Systems Drive Strategic Growth

Insurance Systems Inc. Welcomes New Leaders to Its Board

Insurance Systems Inc. (ISI), a leading provider in the insurance software realm, is excited to announce the appointment of two industry veterans, Michael Roe and Neil Spector, to its Board of Directors. These appointments signify a substantial move towards enhancing ISI's commitment to innovation and customer satisfaction.

Bringing Decades of Expertise to Support Growth

Both Mr. Roe and Mr. Spector come equipped with extensive experience that spans several decades in the insurance software sector. Their combined leadership experience is expected to bolster ISI’s long-term strategies to scale its impact and drive new product development tailored for insurance carriers.

Insights from ISI's Leadership

Casey Kretz, CEO of ISI and member of its Board of Directors, expressed his enthusiasm, stating, "It’s a pleasure to welcome Mike and Neil. Their profound industry knowledge, along with their commitment to software development, aligns perfectly with our goals. I have no doubt they will be essential in enhancing our strategic objectives and strengthening our position in the market.”

Vision for Future Success

Mr. Roe noted, "Joining ISI’s Board at this pivotal moment is exciting. I share ISI’s goal of continuous innovation and delivering solutions focused on our customers. I look forward to collaborating with the talented team at ISI to aid in our mission to support carriers amidst an ever-changing industry landscape.”

Transformative Technology Initiatives

“I am honored to join ISI’s Board and look forward to applying my experience in analytics and underwriting to help carriers enhance their operations,” said Mr. Spector. He highlighted ISI’s commitment to providing configurable, data-driven technology as vital in serving the evolving needs of modern insurance providers.

Profile of Michael Roe

Michael Roe has a notable career marked by his profound expertise in insurance software innovation and value creation. As an Operating Partner at NexPhase Capital, he leverages his experiences to drive growth in various ventures. He co-founded and served as President of FAST, a pioneering life insurance software provider acquired in a strategic move that underscores his influence in the industry. Roe’s leadership at NaviSys and other prominent companies solidifies his reputation as a forward-thinking leader.

Profile of Neil Spector

Neil Spector’s 20-year journey in insurance technology innovation is remarkable. His tenure at Verisk Analytics was distinguished, serving as President of Underwriting Solutions, where he spearheaded the development of transformative products for insurers across diverse segments. With significant roles at AscendantOne and ADP in his career, his experience is a valuable asset in furthering ISI's vision.

About Insurance Systems Inc.

Founded in 1997, Insurance Systems Inc. is committed to developing innovative software products tailored to the property and casualty insurance sector. ISI's flagship offering, 'ISI Enterprise', is designed for small to mid-sized commercial and specialty carriers, with premiums ranging from $10 million to $400 million. The team's expertise is pivotal in fostering strong collaborations with a diverse client base of property and casualty insurers.

About NexPhase Capital

NexPhase Capital is an investment firm that concentrates on the lower middle market, targeting growth-driven and capital-efficient businesses. Committed to partnering with companies poised for growth, NexPhase has an impressive investment history, with over 100 investments extending across healthcare, software, and consumer sectors. The firm continues to stimulate transformations in its portfolio companies by applying extensive industry experience and operational insights.

Frequently Asked Questions

1. Who has been appointed to the Board of Directors of ISI?

Michael Roe and Neil Spector have been appointed to the Board of Directors of Insurance Systems Inc.

2. What are the backgrounds of the new board members?

Both members bring decades of experience in insurance software, with a focus on innovation and analytics.

3. How will these appointments impact ISI's growth?

Their expertise is expected to drive strategic growth initiatives and enhance customer-focused solutions.

4. What is ISI's flagship product?

ISI Enterprise is the flagship product aimed at small to mid-sized insurance carriers.

5. What sectors does NexPhase Capital target?

NexPhase Capital focuses on healthcare, software, and consumer sectors, investing in growth-oriented companies.

About The Author

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