Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,512.38 -3.89 -0.03%
TOPIX 1,171.40 -1.97 -0.17%
HANG SENG 22,760.24 64.23 0.28%

Generali US Branch Successfully Deploys Instec’s Quicksolver Cloud in Microsoft’s Windows Azure



  Generali US Branch Successfully Deploys Instec’s Quicksolver Cloud in
  Microsoft’s Windows Azure

Business Wire

NEW YORK & NAPERVILLE, Ill. -- August 21, 2013

Generali US Branch® (“Generali”), the US operations of Assicurazioni Generali
S.p.A., a global insurance provider, and Instec®, a provider of P&C insurance
platforms, announced today that Generali has successfully migrated its
Commercial Auto and Liability lines of business to Instec’s Quicksolver Cloud™
policy administration platform running on Microsoft’s Windows Azure cloud
platform.

Generali is investing heavily in cloud technology for core systems as part of
its overall strategy to modernize its operational systems. In addition to
modernization, the Generali cloud strategy was also developed to avoid the
significant outages and system downtime the company experienced with both 9/11
and Hurricane Sandy. By moving its core policy administration platform to
Windows Azure, Generali now has a more dependable operating environment with
improved system uptime as well as immediate access to data backups.

“Generali has been working with Instec for nearly a decade beginning with our
selection of Quicksolver. We initially chose Quicksolver in large part due to
its extensive bureau content capabilities, as well as the low total cost of
ownership,” said Mauricio Caneda, CIO for Generali. “Migrating to Instec’s
cloud technology platform, and Windows Azure specifically, is a core tenet of
our strategic growth plan.”

“The insurance industry is beginning to deploy core systems such as policy
administration, claims, and billing in the cloud. Generali’s successful
implementation is evidence that insurers are finding a great deal of value in
this approach, which we believe will increase dramatically in use over the
next few years,” said Kevin Mason, Vice President of Product Development and
Maintenance with Instec. “The combination of Quicksolver and the Windows Azure
cloud platform has enabled us to deliver an offering that provides Generali a
highly reliable environment that emphasizes our core value propositions of
faster time to market, lower total cost of ownership, and reduced risk of
implementation.”

“By deploying Quicksolver Cloud in Windows Azure, carriers such as Generali
can now take advantage of the cloud’s economics, scalability, and reliability.
The cost savings and efficiencies insurers are realizing in the cloud are an
incredible competitive edge—it’s a game changer,” said Tony Jacob, Managing
Director for Worldwide Insurance, Microsoft. “We also see many other insurance
carriers now looking at the cloud to provide a path to modernization in core
systems, risk and analytics, agent desktops, etc., where traditional
approaches may have been ruled out based on costs, timelines, and risk.”

Microsoft’s Windows Azure is a highly scalable cloud platform that is open and
flexible, allowing companies to develop, implement, and distribute
applications. As a development platform, Windows Azure gives Instec the power
to utilize platform as a service for its flagship Quicksolver technology.

Instec’s Quicksolver is a complete P&C insurance rating and policy
administration system that supports multi-state, multi-location, bureau and
client-specific policy processing for all 50 states and all major commercial
lines of business. Instec’s software delivers scalability, cost control, and
speed of delivery to carriers and MGAs in the commercial market.

About Generali US Branch

Established in 1952, Generali U.S. Branch is the U.S. Representative office of
Assicurazione Generali, S.p.A. whose head office is located in Trieste, Italy.
Generali U.S. Branch provides a wide range of insurance products and services
and works closely with companies within the Generali Group and their
multinational clients. For more information, visit www.generaliusb.com.

About Instec

Instec, founded in 1982, is a leading provider of services and technology to
the commercial property and casualty insurance industry. Noted for long-term
client relationships, Instec is a partner in providing business expertise and
creating profitable growth. As providers of full policy lifecycle management,
Instec works with its clients on successful Program Business as well as
streamlining operations from first quote to last endorsement. Instec’s
flagship technology, Quicksolver, is a best-of- breed rating and policy
administration solution supporting all major lines of business, in all 50
states, and with native bureau rates, rules forms and statistical content. As
a Microsoft Gold Certified Partner, Instec delivers strategic solutions that
enable clients to drive competitive advantages in rating, issuing, and
reporting in order to lower costs and maximize profitability. With more than
three decades of experience, Instec is a trusted partner with deep industry
knowledge, innovation and insight. To learn more, visit www.instec-corp.com.

Contact:

Instec
Carey Straetz
Marketing Manager
630 799 6485
cstraetz@instec-corp.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement