Naperville, IL – June 11, 2019 – Instec, the market leader in insurance software for commercial program and specialty writers, has partnered with Digital Insurance to release two new whitepapers. The first, “Next-Gen Carrier Systems”, tackles the fallacies of the single-system myth among carriers. The second, “MGA Bulletin: 3 Keys to Navigating Program Business Opportunities”, speaks to the recent trend among MGAs to own their systems.
Both whitepapers reflect the changing market complexities faced by program writers, and specialty providers in the P&C industry.
“If our recent activity is any indication, there is a shift occurring as carriers and MGAs seek more effective ways to capitalize on program business opportunities,” said Kevin Mason, Executive Vice President at Instec. “MGAs want the control that comes with owning their data – and their systems -- while most carriers are more than happy to offload the system management burden.”
Both publications tackle the important role that systems play in capturing and retaining program customers efficiently and cost-effectively. Both Next-Gen Carrier Systems and MGA Bulletin can be downloaded now from Instec’s website in the Resources section.
Instec’s unique approach to systems for the insurance industry enables P&C carriers, MGAs and MGUs to launch program and specialty offerings from cold start to first quote in as little as four weeks with near-zero technology risk. Instec's built-in bureau content and reusable code – a library of over 30,000 forms and 300,000 rates and rules – empowers carriers to get to market quickly and efficiently. Instec's cloud-based deployment and subscription-based pricing model also enables carriers to test new programs at a low cost of entry and scale up quickly and affordably as the business grows. To learn more, visit http://www.instec-corp.com.
Vice President of Marketing