Naperville, IL and Philadelphia, PA, January 26, 2011 – Instec announced today that it was selected by Pennsylvania Lumbermens Mutual Insurance Company to license their quicksolver 3 software for Commercial Package Policy, Commercial Auto, and Umbrella in all 50 states. The agreement also includes a license for the quicksolver Integration Extensions add-on that allows the integration of quicksolver 3 with external software -- such as billing and claims systems -- through a variety of mechanisms, such as web services and XML.
“Instec’s greatest value to us was their extensive bureau content, including ISO, NCCI, and all independent bureaus,” said Joseph McGurrin, Vice President of Information Technology for Pennsylvania Lumbermens Mutual Insurance Company. “Pennsylvania Lumbermens Mutual Insurance Company will rely on Instec to manage our compliance and bureau content updates, giving us increased operational efficiencies and more confidence in our compliance to ensure we continue to lead the lumber, woodworking and building materials insurance marketplace,” said McGurrin.
This license agreement will replace multiple legacy systems and provide efficiency gains through newly streamlined workflows and processes. Instec’s quicksolver 3 will be the core policy administration solution for Pennsylvania Lumbermens Mutual Insurance Company insurance business, and will be integrated with several internal systems. The joint implementation effort will include extending the core quicksolver 3 software to include multiple filed products, coverages and hundreds of company-specific forms.
“Working with Pennsylvania Lumbermens Mutual Insurance Company just makes sense,” said Pat Walsh, VP of Sales and Marketing for Instec. “Our team of expert advisors in the commercial P&C insurance field will help them remove the burden of bureau content updates and compliance worries so they can focus on what’s important, namely, being the market leader in their space,” said Walsh.
About Pennsylvania Lumbermens Mutual Insurance Company
Pennsylvania Lumbermens Mutual Insurance Company (PLM) was founded in 1895 by a group of lumber dealers and woodworkers from several eastern states. Today, PLM provides protection for some 6,000 businesses nationwide. Its primary insurance products include Property, General Liability, Inland Marine, Business Automobile, and Liability – a mix that is designed to protect every aspect of the lumber, woodworking and building material industries.
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,