This is not your father's insurance industry. The rules of the game are changing fast, as producers switch allegiances, venture-funded upstarts define new business models, and regulations create new compliance demands. It's now Darwinian. If your policy administration systems and processes won't let you move fast enough, it's hard to keep up. Are you prepared to grow in this hyper-competitive environment?
When you venture into new growth territory, you need a management system that lets you test the waters without a huge upfront investment. You need a management system that's up and running before the window of opportunity closes. And when the growth kicks in, you need a policy administration system that easily scales to accommodate new business lines, products, and customers.
Mark Sundquist IT Manager | Meadowbrook Insurance Group
Fast Implementation Carriers have implemented Instec's policy administration system in as little as 60 days, from project start to first quote, in all 50 states, for multiple lines, and with customizations. And with our cloud-based deployment, there's no new infrastructure to provision.
Accessible Data With Instec's accessible data structure, carriers have migrated entire books, eliminated duplicate data entry, and drilled down into business-critical insurance policy data for deeper business insights.
Low Start-Up Cost Instec's cloud-based deployment and subscription-based pricing model have enabled carriers to test new programs in the market at a low entry cost, then scale up quickly and affordably as the business grows.
Rapid Product Launch With Instec's built-in bureau content and reusable code from past customizations - a library of over 30,000 insurance forms and 300,000 rates and rules - carriers never start from scratch to launch new products.
Scalable With Instec's tiered pricing structure, and support for multiple commercial lines in all 50 states, insurance carriers have started small and scaled quickly, into new lines, new locations, and new segments of the business.
Business-Driven Self-service configuration and an intuitive user interface has enabled business users to build and launch custom products and programs with little or no assistance from IT staff.