Instec and Bill It Now Integrate Policy Admin and Billing | Instec-corp Press Releases | Apr 23, 2013

Naperville, IL &  Westbrook, CT (April 23, 2013) –  Instec, a leading provider of policy administration services and technology to the commercial property and casualty insurance industry, and Bill It Now, a billing service provider, today announced they have entered into a strategic alliance to offer a comprehensive and fully integrated policy administration and billing system.  The Instec/Bill It Now combined solution is available for immediate delivery via the web and offers an attractive ‘pay as you go’ pricing model.

The partnership is a direct result of Instec’s goal to continue to provide the insurance industry with software components as a series building blocks, enabling each carrier to create an ever-evolving policy administration platform that best suits their respective business needs -- today and as their needs change over time.

Leveraging two of the industry’s best-of-breed solutions with Instec’s QuickSolver and Bill It Now’s billing, the combined solution offers insurance companies with a wealth of proven policy administration and billing capability in a tightly integrated package.  Instec’s QuickSolver integration with Bill It Now enables current and future Instec clients to quickly, easily, and cost effectively extend the Instec policy administration environment with the web-based billing component.

Chris Smith, Bill It Now Marketing Director, noted, “At a time when carriers continue to look to modern technologies and improved processes to address legacy, competitive, and efficiency challenges, the Bill It Now and Instec alliance makes the decision much easier with two proven solutions – billing from us and policy administration with Instec’s QuickSolver – in a tightly integrated platform.  Knowing that each carrier’s needs are different and change over time, the componentized, best of breed strategy shared by Bill It Now and Instec is the preferred approach of many carriers.”

“This new strategic alliance with Bill It Now is a continuation of Instec’s delivering on our plan to offer the insurance industry the best of the best to enable each carrier to build their ideal processing environment,” commented Bill Budde, CPCU, and VP of Sales and Marketing for Instec.  “Bill It Now offers an outstanding billing solution as a complement to our QuickSolver policy administration environment, while the Bill It Now organization shares our commitment to client success.  With a common goal and the highest quality solutions and services, we believe we have a premier offering for carriers.”

About Bill It Now

Bill It Now, founded in 2004, offers a billing service for Insurance Carriers, MGA's, Program Administrators, and Captives. Bill It Now offers solutions for direct bill, agency bill, monthly reporting and pay as you go. As is a third party billing administrator that is invisible to the insured, everything is customized from the website to all statements, to match the client's branding. Our service provides support for all aspects of the clients billing needs from the technology, website, system updates, customer support, reconciliation of premium and commissions , cancellation notice’s, secure lockbox, bank accounts, etc. Bill It Now has 9 years of experience in handling billing solutions for many different types of programs. Contact Chris Smith at chriss@billitnow.com or 203-623-3045 for a free demo or visit us at www.billitnow.com.

About Intec

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.

Media Contacts:

Instec

Samara Hamilton

Marketing Director

630 799 6455

shamilton@instec-corp.com

Bill It Now

Chris Smith

Marketing Director

203 623 3045

chriss@billitnow.com