OAK RIDGE, Tenn. & NAPERVILLE, Ill.--(BUSINESS WIRE)--July 16, 2013--
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time to market for new programs and deliver a new level of self-reliance previously unavailable with the company’s outdated legacy system.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.”
Instec, founded in 1982, is a leading provider of services and technology to the commercial property and casualty insurance industry. Noted for long-term client relationships, Instec is a partner in providing business expertise and creating profitable growth. As providers of full policy lifecycle management, Instec works with its clients on successful Program Business as well as streamlining operations from first quote to last endorsement. Instec’s flagship technology, Quicksolver, is a best-of- breed rating and policy administration solution supporting all major lines of business, in all 50 states, and with native bureau rates, rules forms and statistical content. As a Microsoft Gold Certified Partner, Instec delivers strategic solutions that enable clients to drive competitive advantages in rating, issuing, and reporting in order to lower costs and maximize profitability. With more than three decades of experience, Instec is a trusted partner with deep industry knowledge, innovation and insight. To learn more, visit www.instec-corp.com.
About Appalachian Underwriters, Inc.
Appalachian Underwriters, Inc., with over $350 million in written premium, is the fifth largest managing general insurance agency in the US as ranked by Business Insurance. Providing a wide variety of products to the independent agent for workers’ compensation, commercial specialty and personal lines insurance coverage along with a fully service insurance brokerage, AUI is committed to delivering policy solutions to its insured’s through its network of over twenty-five thousand independent appointed agents. A skilled and highly professional staff, many with backgrounds as retail agents, understands and is committed to meeting the needs of each of AUI’s agents. Appalachian Underwriters strives to provide a selection of competitive quotes from financially sound carriers in a timely manner. The ultimate goal of the organization is to make doing business easy for its agents. AUI offers proprietary online tools such as Xpress Rating platforms and multiple resources for its appointed agents. The online tools assist in making this goal a reality. Principals of Appalachian Underwriters, Inc. are Bill Arowood and Bob Arowood. For more information, visit www.appund.com.