Naperville, IL, August 22, 2005: INSTEC, a leading provider of rating and policy administration software for the insurance industry and experts in integrated solution delivery, today announced the agreement with Melbourne, Florida based BISYS Specialty Programs, a wholly owned subsidiary of BISYS Commercial Insurance Services, Inc. for implementation of INSTECâs QuickSolverÂ® Commercial Automobile and General Liability rating and policy administration solutions.
The INSTEC solution provides BISYS with a proven insurance processing platform and compliance-oriented rating solution. The INSTEC software will be extended to offices in Florida, Texas and New York from a BISYS-owned data center located in Ohio. INSTECâs bureau-based rating system will allow BISYS to realize operational efficiencies and improved compliance management across disparate offices and insurance programs. Additionally, BISYS plans to integrate their existing back-office system with QuickSolver in the coming months to achieve a more streamlined processing solution.
According to David Kincaid, Vice President of Operations, "BISYS Specialty Programs has experienced a steady growth with our Carriers and we require a flexible rating platform adaptable to the business model. Our Underwriters and support staff needed a user friendly tool too quickly and accurately rate accounts to the various Carrierâs filed rates. INSTEC provides a platform to help BISYS deliver a quality product and service to our Agents."
Pat Walsh, INSTEC Vice President, added, "INSTEC is pleased to welcome BISYS as a client. It is a special privilege to be chosen by a quality organization such as BISYS. INSTEC is committed to delivering our customers value and security over time through regulatory compliant solutions. We appreciate the opportunity to serve BISYS for years to come."