It’s no longer enough that a P&C policy administration solution be able to tout itself as “rules-based.”
No matter how well a core P&C insurance software solution functions, a clunky user interface or an unintuitive user experience can significantly impact ROI.
At Adaptik, when we say “configurability,” we mean business user configurability. The difference between that and IT configurability – the domain of many policy admin suites – is stark.
P&C insurance carriers depend on a wide variety of systems and applications to keep their business running. We can help.
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.