INSTEC will provide complete Workers Compensation policy administration software with a data feed to their carrier partner.
INSTEC, a leading provider of rating and policy administration software for the insurance industry and experts in integrated solution delivery, announces the agreement with Conshohocken, PA based NSM Insurance Group for implementation of INSTEC’s QuickSolver® Workers Compensation rating and policy administration solution.
NSM Insurance Group will use the bureau-based QuickSolver software to immediately begin processing insurance for a new Workers Compensation industry specific program. Additional customizations will be added in the coming weeks to fully incorporate NSM Insurance Group’s unique filing and workflow requirements. Development of an electronic interface will occur in combination with their carrier partner to include required financial and statistical data elements.
Geoffery McKernan, NSM Insurance Group, CEO, stated “In order to partner with the best carriers, attract top flight underwriters, organically grow our programs portfolio and acquire profitable niche programs around the country, we need state-of-the-art technology. We invest in technology to support accuracy and efficiency, plus, provide benefits all the way through to our independent agent partners.”
Pat Walsh, INSTEC Vice President, added, “It is a privilege to be able to serve an industry vanguard such as NSM Insurance Group. Their choice of INSTEC is a welcome acknowledgement of the completeness of our QuickSolver policy administration software. NSM’s confidence in our software and people is appreciated, and we look forward to a long relationship.”
About NSM Insurance Group NSM Insurance Group, is a national property & casualty insurance services firm. Founded in 1990 by Geof McKernan the company is a Program Administrator with 20 program brands, a robust wholesale division and a national retail brokerage.
Founded in 1982, INSTEC is an employee-owned company which provides carriers and MGAs with comprehensive “best-of-breed” rating and policy issuance software designed for the dynamic nature of Commercial Lines. As a Microsoft Gold Certified Partner, INSTEC continues to demonstrate their expertise in Microsoft technologies and their commitment to deliver insurance software solutions that meet the high standards expected from software products developed for Microsoft platforms, including .NET.