Integration of GhostDraft document creation and management with the Instec Policy system provides users with a high degree of control over document and forms customization, for faster product innovation and a more targeted customer experience.
Naperville, IL – June 9, 2016 – Instec, the leading provider of insurance policy systems for the program business and specialty lines, announced today the availability of GhostDraft, fully integrated with Instec’s flagship policy system, giving Instec users the ability to create customized forms and other documents, for a more tailored customer experience and faster turnaround.
Instec offers a policy system that enables users to self-configure rates, rules and coverages, so adding the same capability for documents was a natural extension for the company. GhostDraft will allow the average business user to construct templates that automatically generate documents using data contained in the Instec policy system. No knowledge of Instec’s database will be required, since the GhostDraft system will include a collection of plain-language terms that have been mapped to the Instec policy database.
“The philosophies of both companies are very well aligned,” said Kurt Jackson, Executive Vice President of Sales and Marketing at GhostDraft. “We both believe in unburdening IT staff, whether that means simpler configuration of new insurance products or the documents that go with them. We’ve both created systems that were designed for fast start-up and short time-to-value, and our successful implementations have proven that the approach works.”
A major enabler of Instec’s rapid time-to-value is the content it provides with every system. This includes actively-managed bureau rates, rules and forms, and an extensive library of customizations created over the life of the product. The collection includes 30,000 bureau and custom forms, all of which will be compatible with the GhostDraft document system.
“Instec has created an ‘innovation platform’ that insurers can use to build out new products and programs. We recognize that we can’t be expert at everything, so we assembled an ecosystem of partners to provide those elements that are outside of our core competencies. GhostDraft is just one example. Like us, they’re an innovator in their space, so it’s a perfect match,” said Kevin Mason, Executive Vice President at Instec.
Both companies will be exhibiting at IASA’s annual conference in San Antonio, TX, June 12-16. Instec will feature GhostDraft in its booth (#309) where company executives will be on hand to answer questions about the partnership and the system.
Instec delivers best-of-breed rating and policy administration solutions to P&C commercial insurers, MGAs, MGUs, and the solution providers that serve them. Since 1982, Instec’s solutions have empowered insurers and general agents to get and keep their competitive edge, efficiently 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 Customer Communications Management (CCM) for insurers of all sizes. GhostDraft delivers document creation and management without compromise through a combination of control, regulatory and corporate compliance, and an improved customer experience. Visit ghostdraft.com for more information on how to improve underwriting profitability and increase customer retention through powerful communications.