Resources

Program Business: INSTEC: Making Speed to Market A Reality for Carriers, MGAs, MGUs & Program Administrators Jan 14, 2015

Founded in 1982, Naperville, Illinois-based Instec has been empowering their clients to create highly specialized insurance products, go to market quickly and scale with a minimal IT footprint. Read more

Program Business: An Untapped Path to Insurance Premium Growth Aug 04, 2013

"Program business — or groupings of commercial insureds with specialized risk needs — is attractive for growth-challenged companies, and the year-after-year increase in program premium in the industry proves it." Read more

3 Reasons for the Inevitability of Cloud Computing Jul 03, 2013

By: Kevin Mason, Vice President of Product Development and Maintenance, Instec "Utility computing has been tried before, but its reach was limited. This time it's different, and there are three reasons why the widespread use of cloud computing in the insurance industry is inevitable." Read more

Core in the Cloud: Time to Choose Jul 02, 2013

"P&C insurers already are reaping the benefits of cloud-based software in segments such as damage estimating and medical bill review. However, when it comes to core processing, many continue with traditional on-premise deployment." Read more

Adapt or Perish: Embracing Technology in Underwriting Jul 01, 2013

"One of Mark Twain's most recognized quotes is, “The reports of my death have been greatly exaggerated.” Underwriters and Mark Twain have rarely, if ever, been mentioned in the same sentence, but underwriters may have more in common with the author than would initially appear." Read more

Is Cloud Computing Critical To Carrier Management? Jun 04, 2013

"The annals of IT history are littered with project failures. The Standish Group, which has been collecting data on IT development projects since 1985, consistently reports that only about 30 percent of projects are successful, which is defined as on budget, on time, and with all planned features." Read more

Counting the Costs of Project Failure Apr 01, 2013

"The annals of IT history are littered with project failures. The Standish Group, which has been collecting data on IT development projects since 1985, consistently reports that only about 30 percent of projects are successful, which is defined as on budget, on time, and with all planned features." Read more

Working in the Niche PAS Market Feb 04, 2013

"An insurance carrier that writes approximately $150 million in premium is by no means considered a larger insurer, but companies of that size--including Pennsylvania Lumbermens Mutual Insurance company (PLM)-often operate in niche markets." Read more

PASsing the Agility Test Feb 04, 2013

"Modern policy administration systems give commercial lines carriers the agility to bring new products and rates to market faster, provide automated information gathering and underwriting decision support, and launch new system capabilities quickly." Read more

Tech Decisions: PAS or Play? Jan 04, 2011

"Argo Group has grown significantly through acquisitions over the past ten years, collecting a number of PAS systems along the way. The company sought a PAS solution that it could use as a going-forward platform for policy administration systems consolidation. However, the legacy platforms at its disposal were inflexible and ill suited to handle growth goals. In an enterprise initiative, Argo Group selected Instec’s quicksolver software for all its major standard commercial lines of business that require bureau content. In October 2010, nine months after project kickoff, rollout was completed for Argo Group’s business owners, commercial package, commercial auto, and workers’ compensation product lines in all states, as well as for the AARS division." Read more

ProgramBusiness.com: New Applications Enrich User Experience, Improve Productivity Apr 04, 2010

"The basic theory behind the web initially was accessibility. With a simple browser (Internet Explorer, Firefox, etc.), you can be anywhere in the world and log-on to the web and access thousands of sites. This works real well for many things – such as ordering products from sites such as Amazon or eBay. Over time, the web evolved into an interactive and collaborative platform as demonstrated by Facebook where you can modify content; the underlying technology at work was transforming what were once static, brochure-type sites into immersive and interactive user experiences." Read more

Tech Decisions: Ready for Replacement? Jun 01, 2009

"Commercial lines P&C carrier Western World Insurance Group is in the process of replacing a 20-year-old policy administration system built on a midrange platform that is 'highly customized,' according to Thad DeBerry, the company's senior vice president of IT. The company chose the quicksolver platform from Instec as the basis to begin a policy administration upgrade." Read more