Naperville, IL, February 29, 2012, – Instec, a leading provider of software and services to the Commercial Property and Casualty insurance industry, announced today that K&K Insurance Group is live in production on its Quicksolver® policy administration software. The implementation of Quicksolver replaced K&K Insurance Group’s legacy rating software.
K&K Insurance Group uses Quicksolver to support their full rating lifecycle, including quotes, endorsements, renewals, cancels, and audits for all 50 states for Property, Inland Marine, Crime, General Liability, and Commercial Auto. The company also uses Quicksolver’s Administrators functionality to set up new insurance programs, add text forms, set bureau revision effective dates, define rating modifiers and security parameters for increased self-sufficiency. Additionally, Quicksolver is integrated with K&K Insurance Group’s back-end policy administration software.
“With the twists and turns of the commercial property and casualty marketplace, we depend upon the comprehensive bureau content we receive from Instec,” said Gerald Montero, Executive Vice President and Chief Operating Officer of K&K Insurance Group. “We receive more than 3,000 revisions annually from Instec – and well ahead of the effective date, which helps us serve our clients in a differentiated fashion.”
“The successful replacement of K&K Insurance Group’s legacy rating software speak volumes about how our clients trust Instec to deliver complete bureau content, far in advance of effective dates,” said Pat Walsh, VP of Sales and Marketing for Instec. “Our teams of expert advisors in the commercial P&C insurance field provide an additional level of content interpretation that far exceeds our competitors, and ensures higher levels of compliance for K&K Insurance Group,” said Walsh.
About K&K Insurance Group
For over 50 years, K&K Insurance has been recognized as the leading provider of sports, leisure and entertainment insurance products. As one of the largest Managing General Underwriters in the United States, K&K Insurance Group performs a variety of traditional insurance company functions on behalf of the insurance companies, while providing exceptional service in program development, sales & marketing, underwriting, policy issuance & administration, loss control, and claims.
Instec is a leading provider of software and services to the Commercial Property and Casualty insurance industry. Founded in 1982, Instec’s flagship product, Quicksolver, is a best-of-breed rating and policy administration solution that supports the full lifecycle for all major lines of business, in all 50 states, and with native bureau rate, rules, forms, and statistical content. As a Microsoft Gold Certified Partner, Instec delivers insurance software solutions that enable our clients to drive competitive advantages in rating, issuing, and reporting to maximize profitability. For more information, visit www.instec-corp.com.