Instec Policy
Spurring innovation and opportunity in policy lifecycle management.
Overview
Instec Policy is a cloud-based policy administration system designed for property and casualty (P&C) insurers, managing general agents (MGAs), and program administrators. It helps organizations to quickly launch and manage insurance products, with a focus on speed-to-market and ease of use. Instec Policy includes a comprehensive library of bureau content and a powerful rating engine.
✨ Key Features
- Policy Administration
- Rating Engine
- Underwriting Rules
- Bureau Content (ISO, NCCI, etc.)
- Product Configuration
- Cloud-Based Deployment
🎯 Key Differentiators
- Focus on speed-to-market
- Extensive library of bureau content
- Strong expertise in program business
Unique Value: Enables P&C carriers and MGAs to launch complex commercial and specialty programs with unmatched speed-to-market by providing a near-complete system out of the box with extensive bureau content and self-service configuration tools.
🎯 Use Cases (4)
✅ Best For
- Used by Risk Placement Services (RPS) to launch a new public-entity program in less than 90 days.
- Adopted by numerous carriers and MGAs to quickly launch multi-line, multi-state systems.
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Insurers focused primarily on personal lines without a program business component.
- Companies that require an all-in-one suite including claims and billing in a single native module.
🏆 Alternatives
Offers a faster and more cost-effective deployment for new programs compared to large-scale legacy replacement projects or systems requiring extensive custom development.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
- ✓ Dedicated Support (Available tier)
💰 Pricing
Free tier: N/A
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