Instec Among Cloud Top 500

1811 Centre Point Circle Ste 115

Naperville, IL, 60563, USA

+1 630-955-9200

http://www.instec-corp.com/

649
List of Verified Instec Customers

Instec Recent Developments

Instec Underwriting provides an online collaborative environment where all parties involved in the underwriting process can interact with each other throughout the customer lifecycle. This comes right after hiring Jason Pamplin in August 2016, to lead the development of a new underwriting system. On the other hand, Instec Billing, an integrated billing system for insurers and managing general agents (MGAs) in April 2016, after Instec acquired the recently-developed software from Pennsylvania Lumbermens Mutual Insurance Company (PLM).

Instec Overview

Ownership: - x

Employees: 146

Functional Market: Analytics and BI, ERP Financial Management, ERP Services and Operations Management,

Key Verticals: Insurance,

Instec Key Enterprise & Cloud Applications

Quicksolver,

SCORES Analysis

Instec Strengths

Instec sells applications for the commercial property-and-casualty insurance industry. Instec Policy is Instec's flagship policy administration platform. It is an end-to-end, policy lifecycle management solution that enables companies to accelerate time to market for new products and programs, reduce costs, and increase market share in a highly competitive environment. Built on Microsoft's Windows Azure platform, Instec Policy takes full advantage of the cost and speed characteristics of cloud-based software. Instec Policy's functionality covers the entire policy lifecycle, from quote to renewal. In addition, the solution includes an actively managedl library of bureau rates, rules, and forms for all 50 states and all major commercial lines of business. On 27th of March 2017, Instec announced that claimsHQ from KLJ Computer Solutions (KLJ) is now fully integrated with the Instec Policy system.

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  • Key differentiators
  • Domain Expertise
  • Product portfolio
  • Solution scope

Instec Revenues, $M:

Type/Year 2016 2017 YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Instec Revenue Breakdown By Type, $M:

Type License Services Hardware Support & Maintenance SaaS
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe

Instec Revenues By Region, $M

Region % of Total Revenues 2017 Total Revenues, $M 2017 Enterprise Applications Revenues, $M 2017 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

Instec Direct vs Indirect sales

Region Direct Sales Indirect Sales Total
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

Instec Customers

No. of Customers: Subscribe

No. of Enterprise Applications Customers: Subscribe

No. of Cloud Customers: Subscribe

No. of Cloud Subscribers: Subscribe

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  • Reference wins across regions
  • Customer Size segments
  • Customer wins momentum

Instec Opportunities

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  • Market Opportunities at the vertical and subvertical levels
  • Mergers and Acquisitions (M&A), Funding
  • Geo Expansions

Instec Risks

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  • Ability to handle internal and external risk and challenges

Instec Ecosystem

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  • Health of ecosystem
  • Network Effects of BPO, ISV, SI
  • VAR Partners
  • Direct vs Indirect sales

Instec Cloud Infrastructure Insights

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  • Cloud Infrastructure (IaaS)
  • Cloud Platform (PaaS)
  • Cloud Application delivery (SaaS)
  • Data Center (Hosting)

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.


Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).




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