Naperville, Ill. (October 18, 2012)— Instec Corp. is capitalizing on its more than 30 years of full policy lifecycle management expertise, experience with 300 + Programs and innovative Quicksolver Cloud platform to bring Sign & Bind™ to the Program Business market. The new service is designed to give clients a rapid path to profitable Program Business.
Using the Sign &Bind™ service, a client can be up and running a Program within 30-45 days versus the multi-month effort that is traditionally required. “We can help clients that have Program Business as a strategic priority to achieve unprecedented results. We specifically designed Sign &Bind™ for the shrewd P&C executive team deeply committed to being keen competitors and attracted to highly profitable Program Business,” said Ray Simon, President of Instec.
While Sign &Bind™ has just been introduced, its foundation is based on more than three decades of highly collaborative, long-term client interaction. Using that experience, a Sign &Bind™ accelerated time to market initiative begins with a strategic checkpoint, employs an executive discovery process that includes an on-site guided work session and results in illuminating the critical success factors that ensure Program Business success. “This intense, collaborative process, coupled with Instec’s Program expertise and technology, enables a client to get a jump on competitors who aren’t as nimble or aggressive,” says Bill Budde, Vice President of Sales and Marketing at Instec. “Sign &Bind™ is effective, in part, because we don’t disrupt a client’s IT department, or impact any current systems while we work. With Sign &Bind™, a company can continue operating its IT infrastructure as usual while Instec insurance experts and engineers implement the client’s Program on our cloud-based service. This significant advantage also results in extremely low Total-Cost-of-Ownership and offers unrestricted Program scalability. Sign &Bind™ and Instec’s pay-as-you-go Quicksolver Cloud service will change the Program Business landscape,” says Budde.
Karen Furtado, Partner, Strategy Meets Action (SMA) comments, “Instec offers business and technology capabilities that result in an agile approach to Program Business development and support. Their ‘ready-on-day-one’ policy administration system, proven Program Business rules, rates, forms and teamwork orientation set the standard for speed to market. Sign &Bind™ is something that insurers focused on growth, streamlined operations and reduced costs should consider.”
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. As providers of full policy lifecycle management, Instec works with its clients on successful Program Business as well as 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 in order 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.