INSTEC will provide black-box rating and policy administration software for Commercial Package Policy, Auto, Product and Professional Liability
INSTEC, a leading provider of rating and policy administration software for the insurance industry, announces the agreement with Franklin Lakes, New Jersey-based Western World Insurance Group for INSTEC’s rating and policy administration software, QuickSolver, a rich internet application.
Western World Insurance will implement QuickSolver as a black-box component behind their proprietary web portal using INSTEC’s web services. The interface project to link QuickSolver and the company web portal will be led by Western World Insurance with consultation and documentation provided by INSTEC. Further integration with in-place document management and back-end systems is expected as well.
Thad DeBerry, Senior Vice President Information Technology said, “INSTEC provides a flexible solution that allows the organization to rate our various classes of business within a common architecture while supporting the different needs of our agents and internal underwriting staff. Their overall stability, industry expertise, and execution capabilities make INSTEC an ideal development partner as we enhance our rating infrastructure.”
Western World Insurance appointed wholesale agents and brokers will use the company portal to quote and administer company policies while internal staff will leverage the native QuickSolver interface. Both constituencies will operate using a shared architecture and database. A multi-phased approach will be used to deliver multiple lines of business and three separate rating companies which are comprised of both admitted and non-admitted business.
“We appreciate the trust that Western World Insurance has placed with the INSTEC team. Our web services have given us a platform from which we can deliver solutions that align with our client’s business strategies regardless of interface or delivery mechanism.” said Pat Walsh, INSTEC Vice President. “We are looking forward to a long and successful partnership.”
About Western World Insurance Group
Western World Insurance Group offers commercial insurance products on a surplus lines and specialty admitted basis through appointed wholesale agents and brokers on a nationwide basis. Product offerings include Commercial General Liability, Professional Liability, Product Liability and Commercial Auto coverages. Western World specializes in underwriting classes of business that are not easily placed in the standard insurance market due to their complexity, high hazard, or unusual nature. The Group also offers underwriting facilities for Associations and Affinity Groups through Westco Programs.