BETHLEHEM, PA – November 30, 2009 - Adaptik Corporation announces the release of PolicyWriter 6.2, their modern policy administration solution for P&C insurance carriers. This version of PolicyWriter includes expanded support for the JBoss Enterprise Application Platform which enables companies to embrace open source technologies. With this expansion PolicyWriter users are able to take advantage of the most robust, scalable and flexible P&C policy administration solution on the market.
Version 6.2 provides expanded out-of-sequence processing enabling P&C carriers to automatically handle complex policy lifecycle changes. Though many products claim this functionality, they fall short in delivering the true automation offered by PolicyWriter.
Version 6.2 also provides a new User Interface which embraces web 2.0 concepts in both look and functionality.
Adaptik’s product strategy for PolicyWriter has always included the adoption of new technology platforms as they are rationalized for the insurance technology market. With many insurers expanding their application models to include open source platforms, Adaptik leveraged JBoss’ capabilities to support PolicyWriter’s advanced policy administration functionality. In addition to JBoss, PolicyWriter 6.2 continues to provide support for IBM’s WebSphere Application Server.
“By harnessing the power of JBoss, PolicyWriter 6.2 has become a more powerful option among policy administration solutions,” said Bulent Kivanc, Chief Technology Officer of Adaptik Corporation. “Since PolicyWriter is deployed as a mission critical application where down time is not an option, it is purpose-built to leverage the strengths of the underlying platform. JBoss’ improved performance, availability and scalability record, along with a cost-efficient Open Source model allow us to offer PolicyWriter to our customers who have taken the open source direction for their enterprise environments.”
Version 6.2 extends PolicyWriter’s advanced out-of-sequence capabilities by providing carriers with options to manage their out-of-sequence processing. Carriers can now choose to automatically handle out-of-sequence endorsements or adjust the endorsements before finalizing them as dictated by their specific business and operations needs. This expansion gives carriers more flexibility, control and automation around a process that has been handled manually for decades.
PolicyWriter is currently in production with leading insurers and supports all commercial and personal lines policy processing. It is a flexible rules- and tools-based solution which allows users to rapidly configure almost every aspect of the system, including product offerings, user interface, application navigation and even integration with other systems. With the added features of PolicyWriter 6.2, Adaptik now offers even more stability and control to P&C insurers seeking a modern policy administration solution.
About Adaptik Corporation
Adaptik, the creator of PolicyWriter, develops highly adaptive policy administration software solutions that are designed to improve speed-to-market for new products and scale to support large numbers of users and high transaction volumes. They provide P&C insurers with advanced business functionality while substantially lowering the risks and costs associated with policy administration system replacement and maintenance. For additional information on how PolicyWriter can help transform your business visit Adaptik.com.
Ms. Laura Ford, 800.306.1062 ext. 109