Naperville, IL, May 10, 2011 – Instec, a leading provider of software and services to the Commercial Property and Casualty insurance industry, announced a new version of its Quicksolver 3 policy administration software. This release includes a host of new features including a new administrator module, automated endorsement wording and significant enhancements to the user interface.
“This latest release of Quicksolver 3.1 is further evidence that Instec is a leading player in the Insurance Value Chain by consistently delivering well-engineered, practical software and services,” said Colin Cole, Chief Insurance Technology Strategist for Microsoft.
The Quicksolver Administrator modules are utilities that allow customers to make changes to the quicksolver software without dependence on Instec or a third party. The new administrator module, Change Administrator, replicates designated configuration data across multiple customer environments to reduce a customer’s maintenance effort while ensuring operational data integrity. Changes to company deviations, loss cost multipliers, IRPM factors, premium discount tables, rating questions, and schedule rating factors are automatically copied from one environment to another through a simple to use wizard.
In addition to the new administrator module, Quicksolver 3.1 also includes automated endorsement wording. This feature yields considerable time savings and ensures consistency and accuracy for endorsements by providing standardized and system generated summaries of policy changes on the required policy forms.
The user interface of Quicksolver 3.1 has also been significantly enhanced to provide the user with a more personalized, immersive experience using Rich Internet technology. Users can resize the screen to eliminate scrolling and change the layout of the screens with three different options so keying is more efficient.
“Instec’s Quicksolver 3.1 release builds on the self-sufficiency and immersive user experience that we delivered in Quicksolver 3,” said Kevin Mason, VP of Product Development and Maintenance for Instec. “The user experience using Rich Internet is critical. When users can work the way they want, they are more efficient and productive - keying and rating policies faster.”
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, visit www.instec-corp.com.