Charter Partners USA Chooses INSTEC Software

May 6, 2003

Charter Partners USA, Inc. has selected INSTEC, commercial property and casualty software provider, to provide a 50-state rating and policy administration system.

INSTEC’s planned solution includes multiple commercial lines of business including Commercial Package, Commercial Auto/Garage and Truckers, Workers’ Compensation and Umbrella. The system plan also features an interface between Charter Partners and the statistical and financial systems of their insurer.

According to Patricia Cowley, CFO with Charter Partners, “We needed a comprehensive, multi-state and multi-line rating and policy administration product that could be adapted to the uniqueness of our business. Equally important, given the turbulence of the software vendor market, we required a software partner with competent and dedicated employees and an established track record.” Cowley continues, “The fact that INSTEC continues to invest in their software is further evidence of their commitment to the future.”

Pat Walsh, INSTEC vice president, noted, “We thank Charter Partners for their confidence in us and in our products. At INSTEC, we place great value on the partnership that our two companies have formed and we look forward to matching the dedication and entrepreneurial spirit shown by the entire Charter Partners team.”

INSTEC supports multi-state bureau and client-specific policy processing for all states and all major Commercial lines of business. The native Windows and Web-based software can be customized to match unique filings and can be integrated within an insurance provider’s technical environment. Various optional maintenance services are available, including custom development and complete bureau regulatory updates.

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