You’ve probably tried a sample of ice cream before committing to a cone, or made sure to taste a beer before committing to the whole $5 pint. Why would you choose an enterprise software solution – a decision on which millions of dollars and your livelihood ride – without taking it for a spin first?… Read More
Two-thirds of insurers expect cybersecurity to receive escalated priority within the enterprise risk function this year, according to Wolters Kluwer’s Regulatory & Risk Management Indicator report. Read More at Digital Insurance.
It’s pretty great, actually. It’s that time of year when the Central Penn Business Journal announces their list of the Best Places to Work in PA – and Adaptik is on it for the eighth year in a row. Of course, this is a big deal for Adaptik and for the executive team. However, as… Read More
According to leaders from AIG, Farmers and more who spoke at the Insurtech Connect conference in Las Vegas, to achieve success from digital initiatives, insurance companies need to listen closely to what their customers want and be ready to identify the winning solutions in the marketplace for delivering that experience. Read more at Digital Insurance.
Over the last few years more and more P&C policy admin vendors are claiming that their solutions are configurable. But are you sure what the vendor means by “configurable” means what YOU think it means? At Adaptik, we’ve found that many of our competitors in P&C policy administration space who advertise their products as configurable… Read More
Florida declared a state of emergency before a possible hurricane strike after Irma strengthened to become a Category 5 storm on its approach to the Caribbean. Irma’s maximum winds rose as high as 175 miles an hour (280 kilometers an hour), the U.S. National Hurricane Center said in an advisory on Tuesday. The storm is located about… Read More
Prototyping, the iterative modeling of a system, enables users to be actively involved in the development process. The methodology – which provides a working model of the system throughout development – allows errors, missing functionality and confusing or difficult functions to be detected early, reducing risk of sub-optimal ROI on the finished project. At Adaptik, we… Read More
As insurers evolve their analytics strategies from gathering information to interpreting data, the appointment of chief analytics officers and data scientists have become more prevalent throughout the industry compared to that of chief data officers, according to a new study by Strategy Meets Action. Currently, 22% of personal lines carriers, 19% of commercial insurers and… Read More
(Hint: Look below the Surface) When it comes to a big-ticket item like a policy administration solution, it’s natural for buyers to focus on features and functionality; after all, you’re really concerned with what that new system can DO. But here’s the thing about policy admin: All the major players offer essentially the same basic… Read More
Carriers do not take the decision to replace a P&C policy administration system lightly. Nor should they. Deploying a new policy admin solution represents a significant investment of both time and capital. Unless a new line is in play, it’s probably a once-in-a-generation job. No insurer likes doing it, and that will simply never change…. Read More