Indianapolis, IN (PRWEB) June 09, 2014
“Many of our current clients wanted to extend the configuration capabilities inherent in Quicksolver to a larger portion of their staff. Granting access to custom configure and develop rates, class codes, coverages, underwriting rules, and forms, on top of bureau-based — and their own, company-specific content — gives Quicksolver users flexibility, scalability, and speed to market potential that isn’t available anywhere else in the market. Essentially, these new capabilities, on top of always-up-to-date content plus carry-forward customizations means new product development never has to start from scratch. It’s how savvy companies are staying competitive, and it’s the essence of “smart configuration.” For insurers in an overcrowded marketplace where ‘differentiate or be left in the dust’ is the name of the game, that level of investment preservation and existing IP capitalization in a new product or program launch is unheard of,” said Kevin Mason, vice president of product development and management, at Instec.
Layering smart configuration on top of a rich content library provides carriers, reinsurers, MGAs, and MGUs with the tools at hand to spin up new products and programs quickly, without the cost and laggard implementation times implicit with toolkit applications. For companies looking to leverage existing talent and carve out new niche markets, the following capabilities inherent in Quicksolver will help them scale profitably, without adding to their infrastructure or underwriting budgets:
Unlike traditional policy administration systems that require a high degree of custom development and vendor-led configuration, Instec’s Quicksolver combines out-of-the-box ISO, NCCI, and state-specific content with the ability to host and manage company-specific content. This inherent rich library of rigorously maintained content alongside advanced rate, rule, and form configuration options, made even more accessible by interview-style, step-by-step instructions has dramatically reduced implementation times, abbreviated time to market, and negated companies’ overt reliance on overburdened and under-resourced top talent. Quicksolver users are now squarely in the driver’s seat to spin up highly differentiated products and programs, faster than their competition, and faster than ever before.
Instec delivers best-of-breed policy administration solutions to P&C commercial insurers, MGAs, and MGUs. Quicksolver, its flagship product, is a highly configurable .NET core solution, built on the backbone of rich insurance content. Since 1982, Quicksolver has empowered insurers and general agents to create highly specialized insurance products, go to market quickly, and scale with a minimal IT footprint. To learn more, visit http://www.instec-corp.com.