Naperville, IL, October 21, 2010 -- Instec, a leading provider of rating and policy administration software for the commercial P&C insurance industry, announces the agreement with San Antonio Texas-based, Argo Group US for Instec’s rating and policy administration software, quicksolver.
As part of an enterprise initiative to consolidate multiple legacy systems, Argo Group’s Argo Select business unit selected Instec’s quicksolver software in 2009 for all its major standard commercial lines of business that require bureau content. In less than a year, production has been completed for the Businessowners, Commercial Package Policy (Property, General Liability, Inland Marine, and Crime), Commercial Automobile, and Workers Compensation product lines in all 50 states. Additionally, Argo has expanded its use of quicksolver into the newly formed Alteris organization for Workers Compensation and Commercial Auto product lines.
Richard Jolly, Vice President & CIO, Commercial Specialty said, “In a very competitive business environment, speed to market for product delivery is critical. Our Argo Select business unit needed the ability to quickly roll out new products and make changes to existing products with minimal reliance on a vendor. Quicksolver has played a key role in moving us in that direction.”
In addition to supporting the full life portfolio of rating and policy forms, quicksolver electronically transmits Argo’s transaction-level policy information to the various workers compensation data collection organizations including the NCCI and other independent data bureaus. Quicksolver has also been integrated via web services into Argo internal systems, allowing several of the Argo legacy policy systems to be retired less than a year after contracting with Instec.
“We appreciated the opportunity to be part of Argo’s consolidation and modernization effort, and the corresponding challenging time frame that Argo Group presented to us,” said Pat Walsh, Instec Vice President. “Through such an ambitious enterprise IT initiative, Argo has continued to maintain its status as a best in class insurance provider, and we are excited to be part of their team.”
About Argo Group
Argo Group US, incorporated as Argonaut Group, Inc. in November 1986, is a national underwriter of specialty insurance in niche areas of the property-casualty market. Headquartered in San Antonio, the company provides a variety of specialty products in all 50 states on both an admitted and non-admitted basis. Through its operating subsidiaries, Argo Group US offers a full line of high-quality products and services designed to meet the unique coverage and claims handling needs of its clients.
Instec is a leading provider of software and services to the commercial property and casualty insurance industry. Founded in 1982, Instec is steadfast and reliable in delivering well-engineered software and has focused attention on services—executing efficiently and effectively. Instec's quicksolver 3 software is a 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. Instec is also a business partner with ISO, NCCI and all independent bureaus for 20 years, with 3,000+ revisions delivered each year well ahead of the effective date, a library of over 300,000 rates, rules, and stats and over 20,000 forms.