Online commercial insurer Hiscox Insurance Co. Inc. has selected Instec’s Quicksolver to support 27 of its entertainment production insurance products.
Instec’s cloud deployment method enabled the insurer to implement the system without involvement from IT, and with no new investment in infrastructure, which contributed to a fast implementation and lower operating costs, Instec said. Hiscox had six months to replace its policy admin system or risk losing business to a competitor, Instec said, in an environment where a typical implementation takes from 18 months to seven years.
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