INSTEC Notes Deal With Compensation Risk Managers

May 16, 2003

Commercial P/C software provider, INSTEC, announced an agreement with Compensation Risk Managers, LLC. (CRM) for the implementation of the QuickSolver® Workers’ Compensation policy rating and administration solution. The solution will also feature an on-line interface between the INSTEC software and their agency management system.

According to Eric Egeland, vice president of Specialty Risk, with CRM, “When looking for insurance software there seems to be two major classes available… the Honda Civic that inexpensively gets you where you need to go and little else, and the space shuttle that costs a billion dollars and you have to spend an additional million to learn how to use it properly. INSTEC, however, offers something truly unique – a robust and comprehensible solution at a reasonable cost. As a growing Administrator with plans to directly write multi-line/multi-state programs, CRM (www.trustcrm.com) needed a rating and policy issuance system that was straight forward enough to actually make rating easier, yet was still robust and customizable for our future needs. INSTEC fit those needs and most important of all… our entire management staff deemed the QuickSolver system to be the most user-friendly and intuitive of a half dozen other systems.”

Pat Walsh, INSTEC vice president, added, “As a growing company, CRM has recognized the value of investing in a solid infrastructure which will enable them to grow their business and expand upon their product and service offerings. We appreciate their confidence in INSTEC (www.instec-corp.com) and in our ability to provide comprehensive and cost-effective solutions that they can build their business on.”

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