Naperville, IL – December 14, 2017 – A new infographic released by Digital Insurance describes several unique characteristics of the program market, the challenges facing carriers seeking to jump on the program bandwagon, and the attributes of a technology platform that can overcome these.
The infographic, sponsored by Instec, a leading provider of systems for program and specialty writers, is titled Seizing the Program Opportunity, and it complements the recently released Digital Insurance white paper 3 Reasons to Avoid the Program Business.
“We’ve talked to many carriers recently who want to pursue programs, but are constrained by the limitations of their systems,” said Kevin Mason, Executive Vice President at Instec. “They need speed and flexibility, but their current systems just aren’t agile enough.”
The infographic outlines three primary challenges facing carriers and provides a checklist of five digital platform attributes that have been proven to support carrier success in the program market.
The infographic is available now, on the Digital Insurance website.
Instec’s unique approach to systems for the insurance industry enables P&C carriers, MGAs and MGUs to launch programs and specialty offerings from start to first quote in as little as four weeks. With built-in bureau content and reusable business rules, Instec systems provide a platform for innovation with reduced risk. In addition, cloud-based deployment and subscription-based pricing enable insurers to test new programs at a low cost of entry and scale up affordably as the business grows. To learn more, visit www.instec-corp.com.
Vice President of Marketing