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ITA Pro Weekly, March 29, 2019

NIF Group , Majesco Customer Report and a LOT more news from ITA

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Hot Off the Presses!

NIF Group Selects Instec Policy System
to Capture New Program Business

Instec, a leader in insurance software for commercial program and specialty writers, announced that NIF Group (NIF) has selected the Instec Policy system to launch a new program with a national carrier partner.

NIF Group has built a reputation as a program administrator with expertise in specialty and niche exposures. Late in 2018, NIF partnered with one of the premier program carriers in the country and one of their longtime broker partners with extensive contractor and landscaper expertise to launch a new program for professional landscapers, a market they collectively identified as underserved.

NIF turned to Instec for their policy management system, since both they and their carrier partner had prior experience with Instec. From past projects, Instec already had the carrier’s rates, rules, and forms in its extensive content library. It made for a very quick and efficient solution.

“We needed to move fast on this program,” said David Daniels, President and COO of NIF’s California division. “Our carrier and broker partners wanted to go after the opportunity before others moved in to fill the gap. Instec was a natural choice because of their reputation for short project cycles.”

For more information, click on the press release here.


New Majesco Research Clearly Reveals Rising Consumer Expectations for a New Era of Insurance

Majesco announced the release of a new thought leadership report, "Building a Business Model for the Insurance Customer of the Future", based on its third annual survey of consumers who buy insurance. The report underscores why insurers must rapidly shift to a new era of insurance for growth and retention of customers.

“Customer focus is always a win-win. How insurers make it a win-win is changing due to new technologies, new competitors, new products, new services and new customer expectations,” commented Denise Garth, SVP of Strategic Marketing, Industry Relations and
Innovation at Majesco.

“Today’s and tomorrow’s insurance customers are shifting across multiple fronts," she added. "Understanding how customers make decisions for insurance is critical for insurers as they create strategies for their future. Savvy, innovative companies are redefining the future of insurance from an outside-in perspective,
by adapting to these changes.”

For more information, click on the press release here.

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