Insurity and Coex Partner to Drive Insurance Modernization Across UK and International Markets

Insurity and UK-based consultancy Coex have formed a partnership to accelerate core system modernization for insurers, MGAs, and reinsurers across the UK and international markets. This collaboration addresses the operational risks and competing priorities that often stall digital transformation, providing carriers with a structured pathway to migrate legacy systems to cloud-based environments.

What was announced

Insurity is bringing its cloud-based insurance software to the partnership, while Coex provides local market expertise and change management capabilities. The focus is specifically on the UK and European markets, with a heavy emphasis on the MGA, specialty, reinsurance, and London Market segments. Central to this initiative is Coex’s "3x3 delivery framework." This methodology is designed to align technology investments with specific business priorities through a three-stage process: landscape assessment, focused execution, and innovation.

The partnership aims to help organizations reduce the friction typically associated with large-scale technology shifts. By combining Insurity’s platform with Coex’s advisory strength, the two firms intend to support joint transformation programs that improve long-term operational performance. The initiative is targeted at UK- and Europe-based insurers and InsurTechs looking to move away from legacy infrastructure without disrupting daily operations. The partnership seeks to bridge the gap between technical software implementation and the organizational change required to make those systems effective in a live environment.

"By pairing Insurity’s market-leading platform with Coex’s delivery methodology, advisory strength, and insurance expertise, we can help organizations move with more clarity, reduce friction during change, and create better outcomes across their operations."

Craig Davies at Coex

The companies involved

Insurity is a major provider of cloud-based software solutions for the property and casualty (P&C) insurance industry. Based in Hartford, Connecticut, the company serves a broad spectrum of the market, including carriers, brokers, and MGAs. Its product suite is designed to handle core processing, data analytics, and digital engagement, positioning it as a key player in the modernization of insurance infrastructure. The company has a significant footprint in North America and has been increasingly active in expanding its reach into international markets.

Coex is a UK-based insurance technology consultancy that specializes in helping firms navigate complex digital transitions. The firm has established a presence within the London Market and specialty insurance sectors. Led by Co-founder and CEO Craig Davies, Coex focuses on bridging the gap between high-level technology strategy and the practical execution of change management. Unlike pure software vendors, Coex positions itself as a delivery partner that understands the specific regulatory and operational nuances of the international reinsurance and MGA landscapes, particularly regarding the 3x3 delivery framework for structured innovation.

What FF News has reported before

FF News has extensively covered Insurity’s expanding ecosystem of partnerships and its recognition in the logistics and catastrophe sectors. Recently, we reported that Insurity and ReSource Pro Expand Partnership to Accelerate Insurance Digital Transformation, highlighting a similar focus on operational efficiency. The company’s specialized tools have also gained industry traction, as seen when the Insurity Marine Suite Named to 2027 FreightTech100 for Cargo Insurance Innovation. Furthermore, Insurity has been active in enhancing its data capabilities, notably when Insurity Expands ICEYE Partnership to Deliver Global Natural Catastrophe Intelligence via SpatialKey, which strengthened its offering for the London Market and U.S. carriers alike.

What this means from an insurtech perspective

This partnership signals a shift in how core system vendors approach the London and European markets. For years, North American vendors have faced challenges with the unique complexities of the London Market’s delegated authority and specialty lines. By aligning with a local consultancy like Coex, Insurity is acknowledging that software alone cannot solve the "legacy drag" affecting loss ratios and speed-to-market. For MGAs and specialty carriers, the pressure to modernize is no longer just about IT efficiency; it is about data liquidity for reinsurers and capital providers. This move puts pressure on incumbent legacy vendors who lack agile, cloud-native delivery partners in the UK, potentially forcing a faster consolidation of core systems across the specialty sector.