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INSTEC Inks WC Deal with NSM Insurance

November 8, 2007

Naperville, Ill. - INSTEC, a Naperville, Ill. , provider of rating and policy administration software for the insurance industry, struck a deal with Conshohocken, Pa.-based NSM insurance Group for implementation of INSTEC’s QuickSolver Workers Compensation rating and policy administration solution.

NSM Insurance Group will use the bureau-based QuickSolver software to begin processing insurance for a new workers’ compensation industry-specific program. Plans include adding customization to fully incorporate NSM Insurance Group’s unique filing and workflow requirements. Development of an electronic interface will occur in combination with their carrier partner to include required financial and statistical data elements.

NSM Insurance Group CEO Geoffery McKernan stated “In order to partner with the best carriers, attract top flight underwriters, organically grow our programs portfolio and acquire profitable niche programs around the country, we need state-of-the-art technology. We invest in technology to support accuracy and efficiency, plus, provide benefits all the way through to our independent agent partners.”

Source: INSTEC

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