Frank Winston Crum Insurance Selects Instec for Underwriting, Policy, and Billing Systems
Instec, the market leader in insurance software for commercial program and specialty writers, announced today that
"We have ambitious growth plans," said
FWCI's digital distribution model is a key element of its market differentiation. The company operates under a direct-to-agent model with virtually all policies sold and administered through their proprietary agent portal. Instec satisfied the need for a robust API catalog to integrate with the portal and third-party data providers.
"Instec's technology and insurance industry experience checked all the boxes," said Crum. "Our due diligence gave us the confidence that they have what it takes to deliver on substantial commitments."
FWCI has assembled an in-house team to partner with Instec on system implementation. The company will run a parallel project to update its agent portal and integrate it with back office functions through Instec's APIs. FWCI's producers will be able to continue to quote, bind, and manage their policies, while Instec Underwriting introduces features that will improve the user experience. These features include configurable workflows and live chat to streamline risk acceptance, producer collaboration, and policyholder servicing.
About
About Instec
Instec's unique approach to systems for the insurance industry enables P&C carriers, MGAs and MGUs to launch programs and specialty offerings from start to first quote in as little as four weeks. With built-in bureau content and reusable business rules, Instec systems provide a platform for innovation with reduced risk. In addition, cloud-based deployment and subscription-based pricing enable insurers to test new programs at a low cost of entry and scale up affordably as the business grows. To learn more, visit instec-corp.com.
Read the full story at https://www.prweb.com/releases/frank_winston_crum_insurance_selects_instec_for_underwriting_policy_and_billing_systems/prweb15737071.htm
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