For a policy administration system to deliver true ROI, it’s not enough that it be able to aptly handle simple products and lines. Complexity matters, too.
No two P&C carriers are alike. Even among Tier 1 and Tier 2 insurers, internal IT capabilities, cashflow realities and technology strategies vary dramatically. One size definitely does not fit all.
Regardless of the carrier’s existing IT infrastructure, the complexity of the product or line or which third-party systems are in play, the ideal policy admin solution allows for flexibility, scalability, agility – and exceptional profitability.
When’s the last time your organization took a good, hard look at your policy administration solution? Chances are, there’s some tidying up that can be done there; it’s extremely common for P&C carriers to leave sub-optimal systems and practices in place, simply out of inertia.
Adaptik’s policy administration software is designed to make life easier for users and make everyday business more profitable for carriers. It’s a solution that anyone can love.
This year, make it a resolution to put aside your legacy policy administration system in favor of a scalable, flexible and configurable solution.
Adaptik’s Intelligent Data Completeness consists of four distinct features that combine configured rules and policy data as intelligence.
The Adaptik policy administration solution handles product and coverage definition the way it handles nearly everything – through configuration.
Adaptik is like no other P&C policy administration solution on the market – and we’re happy to prove it. Today’s Adaptik Blog entry highlights the software’s full transaction design control.
The Adaptik solution was purpose built to integrate easily with external third-party and carrier systems. Here’s how it works.