Questions for Instec
What Does It Do?
Instec Underwriting improves collaboration and enables friction-free workflow. Its configurable rules engine automates repeatable underwriting decisions and frees the underwriter to focus on more complex high-value risks. Instec Underwriting is fully integrated with Instec Policy for rating and full policy lifecycle management.
What makes your company or product great?
Friction-free workflow, 360° collaboration, and a configurable rules engine that automates repeatable underwriting decisions and frees the underwriter to focus on more complex high-value risks.
Who is your target market?
MGAs and carriers, especially those focusing on programs.
What's the typical ROI for an implementation of your product?
Our typical client is generating a return on investment 6-8 weeks after implementation begins.
What is your best success story?
Lockton Affinity LLC integrated the Instec platform into its new ecommerce insurance program, reducing the time required to launch new offerings from months to weeks. Lockton launched four programs on the system in its first year, and using Instec's self-configuration features, reduced outside services required to one-tenth that of prior projects. With Instec, Lockton has built a repeatable platform delivering fast, economical, tailored solutions for affinity groups.