Instec and MIS Help Hiscox USA Bring Workers’ Compensation In-House

Hiscox brings workers’ compensation coverage in-house with back office processing support from MIS Insurance Services and Instec’s Quicksolver policy administration system. The move allows Hiscox to more aggressively pursue new opportunities for its entertainment production, theatrical and commercial policies and dramatically cut the time required to rate, quote and bind. Naperville, IL – August 27, 2015 – Earlier this year, Hiscox, the global specialist insurer and an innovator in entertainment insurance, made a strategic decision to bring workers’ compensation insurance in-house by issuing the coverage. The move allows the company to exercise greater control over underwriting decisions for this essential component of its production, theatrical and commercial business. To support the move, Hiscox has partnered with MIS Insurance services, using Instec Quicksolver software, to handle back- office processing. Hiscox has been covering the entertainment industry for over 50 years, since former Chairman Robert Hiscox first underwrote production package insurance at Lloyds of London in the 1960s. Today, Hiscox simplifies entertainment insurance with Hiscox One™, a comprehensive policy that covers over 20 types of risk across all aspects of the entertainment business. “We view the entertainment business as a huge growth opportunity for Hiscox,” said Joanne Richardson, Media & Entertainment Practice Leader at Hiscox USA. “If there’s even one coverage in our entertainment policy that we don’t underwrite and control ourselves, we’re limiting the opportunities we can pursue. That’s the problem we were facing at the beginning of this year with workers’ compensation, and that’s why we decided to bring workers’ comp in-house.” The decision to bring workers’ compensation in-house was only the first step. Hiscox also needed to supplement its...

Total Program Management Takes Fast Track to BPO/BTO with MIS and Instec

 Program insurance administrator Total Program Management Inc. can now rate, quote, bind and bill on behalf of its program insurer clients, through a completely outsourced service provided by MIS Insurance Services and technology partner Instec’s Quicksolver software.  Despite the soft market for property and casualty insurance, program business is thriving, growing more than twice as fast as the commercial market overall. Growth brings with it challenges, and according to a recent survey by the Target Markets Program Administrators Association (TPMAA), technology ranks as the number one concern among carriers.  Technology was top of mind when program administrator, Total Program Management Inc. (TPM), a program manager for health care workers compensation, landed its latest client, a specialty program underwriter that required TPM to provide business process outsourcing (BPO) and business technology outsourcing (BTO) services to rate, quote, bind and bill.  “We needed a turnkey solution for our client, with an easy-to-use front end, and we needed to get it up and running quickly. Given these constraints, outsourcing made much more sense than building a system in house,” said Chris Foy, president of Total Program Management. Instec’s Quicksolver system has a reputation for fast implementation times, with new systems up and running in weeks, rather than years. With MIS technology outsourcing services offloading the front-end setup and back-end systems management, TPM found the ideal solution to meet its client’s time constraints at a cost-effective price point.  “Instec and MIS have built a strong alliance based on the shared goal of removing time-consuming administrative tasks for our customers. Instec’s ongoing management of bureau-based rates, rules and forms, and MIS’s comprehensive outsourcing services,...

Welcome New MIS Clients

MIS is Excited to have two new Clients! We are happy to introduce our new client Hiscox. Hiscox is a leading specialist insurer, headquartered in Bermuda (Offering insurance products to all of the Unites States), with roots dating back to 1901. Hiscox has gone live on May 1st with their Workers Compensation line of business. We have signed a Contract with Service Lloyds. Service Lloyds is a family-owned Workers Compensation Company dedicated to the needs of Texas for nearly 30 years. Service Lloyds will be going live with MIS in the near...

2015 FrankCrum Invitational

MIS will be attending this years FrankCrum Invitational Golf Tournament. This golf event is a 4 Person Best Shot Shoot-Out. It will be hosted at Innisbrook Golf Resort in the fine city of Palm Harbor, FL. The event is set to play on February 23, 2015.

Join MIS at IDMA 2015 Annual Meeting

Come join MIS at the IDMA 2015 Annual Meeting and Seminar (April 27th-28th) to learn, share and most importantly discuss how evolving data management practices will make our organizations more successful.