9 Followers on Owler
9 Followers on Owler
9 Followers on Owler
9 Followers on Owler


Ray Simon's photo - President & CEO of INSTEC

President & CEO

Ray Simon

CEO Approval Rating





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Foxquilt is INSTEC's #1 competitor. Foxquilt was founded in Toronto, Ontario} in 2016. Foxquilt operates in the Application Software industry. Compared to INSTEC, Foxquilt generates $34.3M less revenue.

Soil and Material Consultants is one of INSTEC's top competitors. Soil and Material Consultants was founded in null in Arlington Heights, Illinois. Soil and Material Consultants operates in the Real Estate Development & Operations industry. Soil and Material Consultants generates $14.1M less revenue than INSTEC.

Lemonade is a top competitor of INSTEC. Lemonade was founded in 2015, and is headquartered in New York, New York. Lemonade is in the Diversified Investment Services industry. Lemonade generates $58.6M more revenue vs. INSTEC.


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INSTEC Acquisitions

No recent acquisitions found related to INSTEC

INSTEC Funding History

Since INSTEC was founded in 1982, it has participated in 1 round of funding. In total INSTEC has raised $2.0M. INSTEC's funding round was on Apr 2020 for a total of $2.0M





Debt - PPP (CARES Act)
Apr 2020
$2M - $5M

U.S. Small Business Administration.

Since INSTEC was founded in 1982, it has participated in 1 round of funding. In total INSTEC has raised $2.0M. INSTEC's funding round was on Apr 2020 for a total of $2.0M

INSTEC Investments

No recent investments found related to INSTEC


October 6, 2020Insurance Journal

Fillizola Joins Instec's Senior Executive Team in Illinois

Chuck Fillizola has joined Naperville, Ill.-based Instec as president and chief revenue officer. In t... See more »
May 22, 2019Insurance Journal

Instec Promotes Fagan to President of Operations

Naperville, Illinois-based Instec, a provider of insurance software for commercial program and specia... See more »
February 21, 2019Insurance Journal

Lotter Joins Policy Administration Systems Provider, Instec, in Illinois

Naperville, Illinois-based Instec, a provider of policy administration systems to insurance program a... See more »
March 28, 2018SpaceGab

Instec Adds Claims Management to Insurance Solution Ecosystem with KLJ's claimsHQ

Jason McGrath, President of KLJ Computer Solutions NAPERVILLE, Ill. (PRWEB) March 27, 2018 Instec, a ... See more »
February 16, 20164-traders

Instec Meets Stringent Inclusion Criteria to Qualify as Newest Entrant in Gartner Magic Quadrant

( Naperville, IL (PRWEB) February 16, 2016 Instec, the leading provider of policy admin... See more »

INSTEC Press Releases

July 28, 2020PRWeb

Timely Launch of RPS Public Entity Program on Instec Policy System

Instec Policy system enables RPS to launch new public entity program at a time when law enforcement a... See more »
April 29, 2020PRWeb

Aon Affinity Expands use of Instec Policy System for Transportation Program

Technology provides an improved customer experience and rating accuracy for the undeserved small flee... See more »
February 4, 2020PRWeb

Instec Surpasses $1B Premium Under Management on Company Systems

Instec has seen dramatic growth in premium running through its systems, driven largely by a surge in ... See more »
June 27, 2019University Chronicle

Industry Experts Expose P&C Insurance Opportunities at Instec Client Forum

Instec's second annual forum for senior executives explored four perspectives on the challenges and o... See more »
June 11, 2019PRWeb

Carriers and MGAs Approaching System Ownership in New Ways

A new pair of whitepapers produced by Digital Insurance and sponsored by Instec highlight the changin... See more »
February 19, 2019University Chronicle

Instec Expands Insurance Expertise with Hiring of Industry Veteran CJ Lotter

As Instec continues to grow its share of the vibrant insurance program market, CJ Lotter brings with ... See more »
January 7, 2019PRWeb

New Instec eBook Provides Guidance to Insurers on Targeting Millennials

The millennial generation is about to become the country's largest consumer cohort. Instec's new eBoo... See more »


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INSTEC Headquarters

1811 Centre Point Circle Suite 115

Naperville, Illinois60563


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INSTEC Summary



INSTEC was founded in 1982. INSTEC's headquarters is located in Naperville, Illinois, USA 60563. It has raised 2.0M in 1 round. The latest round was in Apr 2020. INSTEC's primary investor is U.S. Small Business Administration.. INSTEC's President & ...


INSTEC's President & CEO, Ray Simon, currently has an approval rating of 70%. INSTEC's primary competitors are Foxquilt, Soil and Material Consultants & Lemonade.


Frequently Asked Questions about INSTEC

  1. When was INSTEC founded?

    INSTEC was founded in 1982
  2. Who is INSTEC's CEO?

    INSTEC's CEO is Ray Simon
  3. How much revenue does INSTEC generate?

    INSTEC generates $35.8M in revenue
  4. How much funding does INSTEC have?

    INSTEC has historically raised $2M in funding
  1. Where is INSTEC's headquarters?

    INSTEC's headquarters is in Naperville Illinois, USA
  2. How many employees does INSTEC have?

    INSTEC has 104 employees
  3. Who are INSTEC's competitors?

    INSTEC's top competitors are Foxquilt, Soil and Material Consultants, Lemonade