Naperville, IL –December 5, 2013 – Instec (https://www.instec-corp.com), the leading provider of program business and specialty lines policy administration applications, today announced its partnership with GhostDraft (http://www.ghostdraft.com), an innovator in document automation and customer communications, to provide Quicksolver users with the ability to create and customize policy forms within the Quicksolver policy administration application, delivering to clients increased self-configuration options and faster time-to-market for new insurance products and programs.
Recognizing that an increasing number of customers are seeking to control rates, underwriting rules and forms so they can bring new insurance products to market faster, without compromising cost or reliability, Instec sought to expand their application to provide industry-leading configuration tools. A key component of this strategy is the user-friendly document composition and management capabilities from GhostDraft, which will allow clients to create and manage their own forms.
Integrating policy form creation and customization with the Quicksolver policy administration application meets these critical business needs for carriers, MGAs, and MGUs looking to expand their current footprint and scale profitably:
• Increased self-sufficiency
• Abbreviated product and program creation cycle times
• The ability to get into productive markets and out of unprofitable ones faster
“Getting products to market faster than the competition has become mission critical for insurers in today’s highly competitive market. We’re thrilled to deliver GhostDraft’s highly-customizable forms engine through a policy administration platform specifically aimed at businesses that need to get new products and programs into new markets quickly. The Quicksolver platform does that better than anyone else — and now better than ever,” concluded Kurt Jackson, GhostDraft Executive Vice President of Sales.
Unlike many other policy administration systems that require a high degree of configuration or custom development, Instec’s Quicksolver combines out-of-the-box ISO, NCCI, AAIS, and state-specific content with advanced rate and rule configuration options, dramatically reducing implementations and time to market. By partnering with GhostDraft, document creation, composition, and communication technology will be seamlessly integrated into the Quicksolver platform, providing users with the flexibility to close the loop, getting highly differentiated products and programs to market, faster than their competition, in a way their policy holders want to consume the information.
In selecting a best-of-breed forms partner, Instec sought both technology and culture alignment. In GhostDraft, Instec found a reliable and stable partner, eager to respond quickly to new projects and challenges, which shared their commitment to delivering quality software. Considering Instec and GhostDraft both have a rich history of successful implementations, deep domain expertise, and exemplary long-tenured staff, the partnership was a natural fit.
“Instec selected GhostDraft to extend Quicksolver’s current forms management and print capabilities to match the growing needs of insurers to create and customize forms within the product. GhostDraft’s commitment to preserving the existing forms library for current Quicksolver customers, in addition to adding these new capabilities, was an extremely important consideration for Instec. I’m particularly excited about how the resulting software from this partnership will enable insurers to more effectively process their Specialty and Programs business,” said Ray Simon, President and CEO at Instec.
Instec delivers best-of-breed policy administration solutions to P&C commercial insurers, MGAs, and MGUs. Quicksolver, its flagship product, is a highly configurable .NET core solution, built on the backbone of rich insurance content. Since 1982, Quicksolver has empowered insurers and general agents to create highly specialized insurance products, go to market quickly, and scale with a minimal IT footprint. To learn more, visit www.instec-corp.com.
GhostDraft provides enterprise class cloud-based document creation and management for insurance, financial services and the legal profession. With over 30 years of experience in complex regulated documents, and deep domain expertise in these industries, GhostDraft helps companies deliver customer communications without compromise, combining affordability, compliance, and a personalized customer experience.