Instec
Financial Software · Illinois, United States · 201-500 Employees
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Overview
Headquarters
1811 Centre Point Cir Ste 1150, Napervil...Phone Number
(630) 955-9200Website
www.instec-corp.comRevenue
$32.8 MillionIndustry
ZI Rank: 1
Signal Type
Dec
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ZI Rank
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About Instec
Insurity offers cutting-edge cloud-based software solutions tailored for the property and casualty insurance industry, including policy administration, claims processing, and analytics. With over 500 customers, including insurers, managing general agents, and third-party administrators, the company provides a versatile platform that enables quick product launches and efficiency in operations. Insurity's cloud-native solutions leverage valuable data assets and integrate with various third-party data providers to enhance decision-making capabilities. The company is recognized for its commitment to innovation and excellence, evidenced by its consistent industry rankings and partnerships with leading system integrators.Explore more
Instec Org Chart
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Instec is experiencing very low activity levels compared to other companies in the Software sector.
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Gather financial insights about Instec, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2020
Debt
$2M
Instec Tech Stack
Most Recent Scoops
Mergers & Acquisitions (M&A)
New Hire
Executive Move
Funding
Instec has received an SBA PPP loan for $2-5 million from Citibank, N.A..
Funding
Instec News & Media
GI Partners-backed Insurity acquires Instec
GI Partners-backed Insurity acquires Instec Submitted 22/04/2021 - 9:09am Insurity, a leading provider of cloud-based software for P&C carriers, brokers, and MGAs, backed by GI Partners, has completed the acquisition of Instec. Already a proven leader in providing core systems and analytics software to more than 300 P&C carriers, the addition of Instec to the Insurity family enables Insurity to further increase in-depth ISO-support to mid-size P&C carriers, enables it to expand into the USD40Insurity Acquires Instec, Accelerating Solutions for the $40 Billion Program Business and Further Empowering Mid-Size P&C Carriers and MGAs to Rapidly Grow Through Bureau Content-Enabled Software
HARTFORD, Conn.--(BUSINESS WIRE)--Insurity, a leading provider of cloud-based software for P&C carriers, brokers, and MGAs today announced that it has completed the acquisition of Instec. Already a proven leader in providing core systems and analytics software to more than 300 P&C carriers, the addition of Instec to the Insurity family enables Insurity to further increase in-depth ISO-support to mid-size P&C carriers, enables it to expand into the $40 billion program business, and bNSM Insurance Group Launches Instec Platform for State-of-the-Art Quoting System
Cutting-edge platform is part of company’s overall digital transformation initiative to accelerate the delivery of insurance quotes and binds for agent partners. (PRWeb April 01, 2021) Read the full story at https://www.prweb.com/releases/nsm_insurance_group_launches_instec_platform_for_state_of_the_art_quoting_system/prweb17834402.htmInstec Client Aon Affinity Wins Celent Model Insurer Award
Celent has recognized Aon Affinity for its application of telematics and variable rating to improve the customer experience, rating accuracy, and costs for small-fleet trucking. (PRWeb March 18, 2021) Read the full story at https://www.prweb.com/releases/instec_client_aon_affinity_wins_celent_model_insurer_award/prweb17799369.htm
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Insurity offers cutting-edge cloud-based software solutions tailored for the property and casualty insurance industry, including policy administration, claims processing, and analytics. With over 500 customers, including insurers, managing general agents, and third-party administrators, the company provides a versatile platform that enables quick p... Read More
