Most insurance underwriters would rather be evaluating more complex risks. Instec can help automate the obvious decisions, and leave the tough ones to the experts.
Underwriters shouldn’t need to follow up with applicants, agents, and others for every piece of underwriting data. Instec helps insurance underwriters build online relationships that drive faster turnaround.
Back and forth communications, or time spent on obvious accepts and declines, can drive up cost. Instec automates the underwriting process, reducing expense ratios.
Today’s customer expects easy access to information, and instant response times. Instec makes the customer an active participant in the insurance underwriting process.
Jeff Goldberg Senior Vice President of Research and Consulting | Novarica
Highly-Configurable Rules Engine Why spend time on the obvious? With Instec’s configurable rules engine you can automatically process or auto-decline the “simple” risks, so you can apply your skills to the more complex opportunities.
Collaborative Workflow Instec provides an online collaborative environment where insurance underwriters can build relationships with all parties in the underwriting process, for faster turnaround and improved responsiveness.
Integration with Critical Data Sources Instec Underwriting is integrated with Instec’s rating engine, and can integrate with remote policy administration systems and underwriting data sources, providing a situational awareness that drives better underwriting decisions.
Cloud-Based and Mobile-Enabled Easy system access provides 24/7 visibility to underwriters, agents and insureds, enabling cooperation throughout the underwriting lifecycle, while ensuring compliance.