Houlihan Lokey Advises AuSuM Systems

Houlihan Lokey is pleased to announce that AuSuM Systems has been acquired by Insurity, a portfolio company of GI Partners. The acquisition will enable property and casualty (P&C) carriers to automate the entire premium audit and loss control process and seamlessly integrate it with their policy, underwriting, and claims workflow. Houlihan Lokey served as the exclusive financial advisor to AuSuM Systems. The transaction was announced on September 29, 2021.

Insurity, a leading provider of cloud-based software for P&C carriers, brokers, and MGAs, has announced that it has completed the acquisition of AuSuM Systems. AuSuM Systems, which stands for “Audit and Survey Management,” provides fully integrated, cloud-native software for P&C carriers. AuSuM’s solutions empower insurers to automate their entire premium audit and loss control processes and significantly improve efficiency and profitability. Leveraging over 26 million past audits and surveys completed, AuSuM is the only vendor that provides both premium audit and loss control software. This acquisition also accelerates Insurity’s cloud leadership and furthers its vision of empowering P&C insurers by delivering the world’s most configurable, easy-to-use, and intuitively analytical software suite.

AuSuM’s Premium Audit software uses proprietary AI-based analytics to pinpoint specific elements in each policy where premiums may need to be optimized. This is a significant shift from legacy auditing processes and a game-changer for the insurance industry. Time and resource constraints often limit the number of audits P&C carriers can complete. AuSuM removes the constraints, allowing P&C carriers to increase their volume of premium audits at a significantly reduced cost through predictive analytics.

Insurity’s acquisition will expand the reach of AuSuM’s Loss Control solutions. Utilizing data aggregated over 20 years, AuSuM has created powerful capabilities to identify areas that have a propensity for loss. Leveraging AuSuM’s Loss Control software, P&C carriers can efficiently manage surveys and mitigate risk at different workplaces.

Houlihan Lokey served as the exclusive financial advisor to AuSuM Systems and assisted in marketing, structuring, and negotiating the transaction on behalf of the company.