Instec, a provider of policy administration services and technology to P&C insurers, has launched Quicksolver Studio, a package designed to enable configurability of Quicksolver, the company’s policy admin platform.
Quicksolver Studio enables insurers to configure new insurance products, or modify existing products to help insurers take advantage of new market opportunities, though Quicksolver’s pre-loaded-bureau and custom content, the company said. Quicksolver Studio is available for both on-premise and cloud delivery.
“Quicksolver Studio is the next generation of our configuration software and provides customers increased self-sufficiency and control over their insurance content,” said Kevin Mason, VP of product development. “We believe this level of self-sufficiency will raise the bar for configuration software in the marketplace.”
Quicksolver, Instec’s policy lifecycle management application, includes P&C insurance rating and policy administration, multi-state and multi-location support, as well as bureau and company-specific policy processing for all 50 states and major commercial lines of business, Instec said.
“We’re seeing a high demand for greater product configuration capabilities,” said Karen Furtado, partner at Strategy Meets Action, an insurance and technology research and consulting firm. “Insurers need solutions that can help shorten product time to market while creating efficient maintenance environments. Products such as Quicksolver Studio are positioned to support insurers achieve these goals.”
