In a property & casualty policy admin project, hope is not a plan
P&C policy administration project is a terrific opportunity to strengthen your organization – and doing so should be one of the project objectives, built directly into the plan.
Time to embrace large policies
P&C carriers should not be forced to compromise on applying rules, automated rating, or fully managed out of sequence processing because a policy is large.
Examining the framework for automated regression testing: Part 2
When it comes to automated regression testing, architecture plays a number of extremely important roles.
Examining the framework for automated regression testing: Part 1
A lot of investment is dedicated to writing and using automated scripts with the hope of saving future effort – but their value can be limited without a well-defined architecture and design. The availability of keyword-based scripting can tempt Script Developers to jump into coding without giving much thought to overall architecture and maintainability. But… Read More
Reference information not adaptable? 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.
Mobile or bust: The time for dabbling is over
The pervasive use of web-enabled and mobile devices, coupled with technological advancement, has given customers and agents more opportunity than ever to directly engage carriers, shop around or switch to a competitor. As a result, improved accessibility must be incorporated into insurers’ policy administration strategies as a matter of staying competitive — rather than as… Read More
Rigid product composition? 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 technical requirements that are not yet known. But how do you measure adaptability? How do you determine whether an insurance system… Read More
Deadly Sin No. 7: Failing to expect the unexpected
At Adaptik, we live and breathe policy administration. We’ve invested more than 60,000 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 last of what we call the Seven Deadly Sins of Policy Administration. Want to see the rest? Check… Read More
Deadly Sin No. 6: Failing to anticipate a rules governance mechanism for managing changes
At Adaptik, we live and breathe policy administration. We’ve invested more than 60,000 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 sixth of what we call the Seven Deadly Sins of Policy Administration. Be sure to check back –… Read More
Deadly Sin No. 5: Failing to anticipate the evolving landscape of solutions
At Adaptik, we live and breathe policy administration. We’ve invested more than 60,000 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 Fifth of what we call the Seven Deadly Sins of Policy Administration. Be sure to check back –… Read More