Naperville, IL (May 30, 2013) – Instec, a leading provider of policy administration services and technology to the commercial property and casualty insurance industry, today announced the introduction and immediate availability of Quicksolver Studio, a next generation software package that enables configurability of Instec’s flagship policy lifecycle platform, Quicksolver. This new product offering aligns with Instec’s strategy of delivering complete policy lifecycle management to provide insurers faster speed-to-market and lower total cost of ownership, while reducing risk.
Quicksolver Studio allows insurers to quickly configure new insurance products, or modify existing products so insurers can better take advantage of market opportunities as they arise. Easy product configuration and modification is achieved through Quicksolver’s pre-loaded bureau content, as well as each insurer’s custom content. Quicksolver Studio is available for both on-premise and Cloud delivery.
“Quicksolver Studio is the next generation of our configuration software and provides customers increased self-sufficiency and control over their insurance content,” stated Kevin Mason, Vice President of Product Development for Instec. “We believe this level of self-sufficiency will raise the bar for configuration software in the marketplace.”
“We’re seeing a high demand for greater product configuration capabilities,” says Karen Furtado, Partner, SMA. “Insurers need solutions that can help shorten product time to market while creating efficient maintenance environments. Products such as Quicksolver Studio are positioned to support insurers achieve these goals.”
Instec’s policy lifecycle management solution, Quicksolver includes P&C insurance rating and policy administration; multi-state, multi-location support; and bureau and company-specific policy processing for all 50 states and all major commercial lines of business.
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.