nsuresoft began as the carrier division within Applied Systems in 1993. The carrier division focused on delivering insurance automation to meet the unique needs of P&C insurance carriers and managing general agents. In 1994, the Diamond System was first introduced as Applied Systems first fully integrated policy administration system, that included policy processing, billing administration and claims administration. Later that same year, the Diamond System was successfully implemented for Cincinnati Equitable Insurance Company. In September of 2004, Applied Systems was sold, and the Eustace family retained the carrier division. As part of the transaction the employees, customers and intellectual property previously with the carrier division became Insuresoft. Today, the Diamond System is one of the few carrier systems to be in production for over 20 years. The Diamond System is in production for 30 unique insurance companies and managing general agents across all 50 states. The Diamond System processes over $2 billion of both commercial and personal lines P&C insurance premiums annually, and continues to innovate the processing of insurance transactions.