Instec’s Quicksolver Enterprise™ now in production and enabling commercial insurer to speed up time-to-market, increase self-sufficiency, and ensure compliance
Appalachian Underwriters, Inc. (AUI), a provider of commercial, personal, and specialty insurance, and Instec, a provider of P&C insurance platforms, today announced that Appalachian Underwriters has selected and has successfully deployed Instec’s Quicksolver Enterprise policy rating platform for Appalachian Underwriters’ Workers’ Compensation line of business.
As a part of its operational technology modernization strategy, Appalachian Underwriters sought a new system to replace their prior rating software that would decrease time to market for new programs and deliver a new level of self-reliance previously unavailable with the company’s outdated legacy system. Appalachian Underwriters also looked to ensure the new system included functionality that would mitigate compliance risks and streamline operational tasks. Now in production at Appalachian Underwriters, Quicksolver Enterprise is delivered both onsite as well as through Appalachian Underwriters’ web portal that handles thousands of agent submissions daily, across multiple rating companies.
“The system performance we’ve experienced with Instec’s Quicksolver Enterprise is unrivaled, delivering sub-second rating per quote, which dramatically increases our operational efficiency,” said Steve Cota, CIO for Appalachian Underwriters. “Additionally, the robust integration through web services, statutory reporting, and precise rating made Instec the perfect choice to upgrade our Service Oriented Architecture and enhance our processing environment.”
“This successful implementation of Quicksolver Enterprise is another example of Instec’s ‘no fail’ mantra when it comes to client success,” says Bill Budde, CPCU, VP of Sales and Marketing at Instec. “As a 30-year old company, not only are we experts at delivering bureau content and self-sufficiency, we also offer a solid track record of successfully and consistently implementing platforms that decrease total cost of ownership, increase revenue, and mitigate risk for our clients. The success of the Appalachian Underwriters project is yet another proof point for our message.”
“Insurers continue to seek offerings that can meet pressing time-to-market demands as well as support the drive for new revenue,” says Karen Furtado, Partner at SMA. “Instec has the ability to provide both bureau content as well as product configuration tools that enable self-sufficiency. Both avenues are assisting insurers and helping them deliver programs in a timely and efficient manner. This is an area where we’re seeing a significant increase in the demand for capabilities in the market place.”