Blog
Go ahead, live on the product edge!
You have what you think is a good – maybe great – idea for a product improvement. Maybe it’s a new option you want to provide; maybe it’s a brand new coverage or endorsement. But there are skeptics. In your current system, it’s a big inve ... READ MORE
Creating a ‘first choice’ policy administration system
In this era of data analytics, it’s tempting to try to capitalize on the implementation of a new policy administration system by adding all of the data elements you might ever want to analyze. But there’s a problem with this approach: The data h ... READ MORE
Deadly Sin No. 3: Assuming you’ve designed the entirety of the product
At Adaptik, we live and breathe policy administration. We’ve invested more than 50,000 person days developing our PolicyWriter solution. We know how to do policy administration right, but we also know what can go wrong. Here's the third of what we ... READ MORE
Deadly Sin No. 2: Designing a solution from within the context of a single product
Insurance products are not created equal. They carry different structures, data capture processes and workflows. So it stands to reason that a policy administration system designed within the context of a single product will not easily accommodate th ... READ MORE
Static functionality and appearance? Your policy admin system isn’t truly adaptive
When evaluating modern policy administration systems, carriers must consider adaptability in addition to the traditional dimensions of functionality and technical fit. Adaptability is the measure of how well a system will support business and technic ... READ MORE
Rigid data architecture? Your policy admin system isn’t truly adaptive
When evaluating modern policy administration systems, carriers must consider adaptability in addition to the traditional dimensions of functionality and technical fit. Adaptability is the measure of how well a system will support business and technic ... READ MORE
Just how configurable is that ‘configurable’ solution?
So you’re considering a configurable P&C Policy Administration system – and maybe even a “highly configurable” system. Sounds good. But are you sure what the vendor means by “configurable” means what you think it means? At Adaptik, w ... READ MORE
Mergers, acquisitions and venture capital – oh, my!
“Don’t let implementation get in the way of a software sale.” – Brilliant Sales Executive At Adaptik, our core corporate values revolve around customer service. We vowed long ago to never let sales growth exceed our delivery capacity, and t ... READ MORE
Deadly Sin No. 1: Treating policy administration as though it’s just a set of unrelated business requirements
At Adaptik, we live and breathe policy administration. We’ve invested more than 50,000 person days developing our PolicyWriter solution. We know how to do policy administration right, but we also know what can go wrong. Here's the first of what we ... READ MORE
12 Characteristics of an Adaptive Policy Administration System
Traditional policy administration systems are notoriously difficult and costly to change. Most changes must be made through programming rather than configuration, and it's usually difficult or impossible to extend these systems to support newly intro ... READ MORE