Lockton Affinity used the Instec Policy system’s self-configuration features and the Microsoft® Azure cloud to create a fast and repeatable process for launching customized insurance programs.
Naperville, IL – September 15, 2017 – Instec, a market leader in the delivery of software solutions for commercial program insurance and specialty writers, today announced Microsoft’s publication of a case study profiling Lockton Affinity’s implementation of a new e-commerce platform. Based on the Instec Policy system and the Microsoft® Azure cloud, the platform enables the company to create and launch new insurance programs in four to six weeks, compared to the four to six months it took previously.
Lockton Affinity designs property and casualty insurance plans that are custom-tailored to the needs of affinity groups such as nonprofits, professional organizations, and trade associations, with memberships ranging from hundreds to millions. The company delivers these programs through websites customized for each client, and needed a technology platform that would support quick implementation and cost-effective scalability.
“The Instec Policy platform is very configurable, which allows us to quickly support many carriers and coverages. Hosting it on Azure makes it easy for us to scale quickly to match our client needs,” says Scott Martin, Chief Technology Officer, Senior Vice President, Lockton Affinity.
Click here for the full case study.
Instec delivers flexible rating, billing and policy administration systems to personal and commercial lines insurers, MGAs, MGUs, and the solution providers that serve them. Since 1982, Instec’s solutions have continuously evolved, providing users with the ability to create innovative new insurance products, and launch them into the market quickly, affordably and reliably. To learn more, visit www.instec-corp.com.
About Lockton Affinity, LLC
Lockton Affinity, LLC is a part of Lockton, the world’s largest privately held independent insurance broker. Since 1987, Lockton Affinity has designed insurance programs to meet the dynamic, specialized needs of affinity groups, franchises, professional organizations, and associations of all sizes.
More than 6,500 professionals at Lockton provide 50,000 clients around the world with risk management, insurance, employee benefits consulting, and retirement services that improve their businesses. From its founding in 1966 in Kansas City, Missouri, Lockton has attracted entrepreneurial professionals who have driven its growth to become the largest privately held, independent insurance broker in the world and 9th largest overall.
Director of Marketing