Cloud computing platform is the first of its kind and offers shrewd competitive advantage
Naperville, IL (June 1, 2012) – Instec, a leading provider of services and technology to the Commercial Property and Casualty insurance industry, today announced the release of Quicksolver Cloud, the first cloud based policy administration system of its kind. Noted as a “disruptive technology”, the new service is a business game changer that enables a high speed critical path to revenue without the cost or complexity associated with traditional fixed assets and infrastructure.
This breakthrough new offering leverages Microsoft’s Windows Azure platform to deliver Instec’s Quicksolver policy administration system in a cloud computing environment. Instec provides Policy Lifecycle Management and its Quicksolver technology delivers complete P&C insurance rating and policy administration product that supports multi-state, multi-location, bureau and client-specific policy processing for all 50 states and all major commercial lines of business.
Quicksolver Cloud gives the highly competitive P&C market a new way to access Quicksolver without the additional cost for infrastructure, maintenance, or license fees. This new options allows Carriers and managing general agents (MGA’s) to increase the time-to-market with new program development because scalability is instantaneous. Dramatically lower costs result from the Quicksolver Cloud service because IT costs are controlled as market reaction capacity is increased.
“The availability of Quicksolver Cloud revolutionizes the way commercial carriers and MGAs can manage the policy lifecycle,” said Deb Smallwood, Founder, Strategy Meets Action (SMA).
“In a very competitive business environment, speed to market for product delivery is critical. Our clients need the ability to quickly roll out new products and make changes to existing products,” said Bill Budde, Vice President of Sales and Marketing, Instec. “Quicksolver Cloud gives our clients all of that and more – a convenient, on-demand application that needs minimal maintenance and is accessible 24x7.”
Instec, founded in 1982, is a leading provider of services and technology to the Commercial Property and Casualty insurance industry. Noted for long-term client relationships, Instec is a partner in providing business expertise and creating profitable growth. Delivering Policy Lifecycle Management, Instec works with clients on successful program business as well streamlining operations from first quote to last endorsement. Instec’s flagship technology, Quicksolver, is a best-of-breed rating and policy administration solution supporting all major lines of business, in all 50 states, and with native bureau rates, rules, forms, and statistical content. As a Microsoft Gold Certified Partner, Instec delivers strategic solutions that enable clients to drive competitive advantages in rating, issuing, and reporting to lower costs and maximize profitability. With more than three decades of experience, Instec is a trusted partner with deep industry knowledge, innovation and insight. To learn more, visit www.instec-corp.com.