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Average Ratings 0 Ratings

Total
ease
features
design
support

No User Reviews. Be the first to provide a review:

Write a Review

Description

In the competitive landscape of today’s insurance sector, having the right tools is essential. Whether you are overseeing the entire product life cycle, introducing innovative offerings, or analyzing your commercial data, our management system is designed to help you achieve your goals efficiently, dependably, and within your budget. Underwriting can range from straightforward to exceptionally intricate, and it’s crucial to determine which risks you prefer your underwriters to assess. Our policy administration platform empowers you to create nearly any insurance product, utilizing an extensive library of bureau content as a foundation while allowing you to customize rates, regulations, and forms to your specifications. This is a policy administration system that stands by its commitments, ensuring quick turnaround times, consistent performance, and an affordable entry point. Furthermore, Instec offers an adaptable billing solution that accurately handles a variety of payment plans, billing types, and commission structures, enabling you to maintain a robust cash flow by providing seamless access to your commercial data. With these capabilities, you can confidently navigate the complexities of the insurance market and focus on growing your business.

Description

The product setup, policy design, underwriting, servicing, and claims management are all flexible and parameter-driven, eliminating the need for any IT programming. It accommodates both unit-linked and traditional product lines for individual and group business, managing the entire policy lifecycle from quotation right through to claims. Additionally, it features automated payment options such as direct credit, telegraphic transfer, or cheque printing for claims and commissions, complete with predefined authorization limits. A double-entry ledger is utilized for all financial transactions, providing detailed margin analysis and a standard automated interface to corporate ledgers. The system supports multiple languages, including Arabic, tailored to user or client preferences for both input screens and outgoing communications, including emails. Furthermore, clients and brokers can independently manage their services online, facilitating straight-through processing for new business. The workflow is enhanced by RAG-rated "to-do" lists for individual operators, allowing for comprehensive monitoring and task management. This creates an efficient ecosystem that not only streamlines operations but also improves user experience significantly.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) Yes 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person Yes 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Intsec

Country

United States

Website

www.instec-corp.com/our-insurance-platform/

Vendor Details

Company Name

FIT

Founded

1990

Country

United Kingdom

Website

www.fitltd.com

Product Features

Insurance Policy

Cancellation Tracking No 
Claims Tracking No 
Policy Generation Yes 
Policy Issuance Yes 
Policy Processing Yes 
Quotes / Estimates Yes 
Rating Engine Yes 
Reinstatement Tracking No 
Reinsurance Administration No 
Renewal Management Yes 
Underwriting Management Yes 

Product Features

Insurance Policy

Cancellation Tracking Yes 
Claims Tracking Yes 
Policy Generation Yes 
Policy Issuance Yes 
Policy Processing Yes 
Quotes / Estimates No 
Rating Engine Yes 
Reinstatement Tracking Yes 
Reinsurance Administration Yes 
Renewal Management Yes 
Underwriting Management Yes 

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