Bethlehem, PA – July 17, 2013 – Starr Insurance Holdings, Inc., a member of the Starr Companies, and Adaptik Corporation, the provider of the PolicyWriter P&C policy administration software solution, today announced that Starr Insurance Holdings, Inc. has selected PolicyWriter as its policy administration platform for its General Casualty, Energy, Environmental and Commercial Auto lines of business.
“We needed a highly configurable policy administration platform that would meet our complex commercial business needs,” said Ed Myers, Director of Underwriting Systems, of Starr Insurance Holdings, Inc. “PolicyWriter proved to be extremely flexible, intuitive and user-friendly. The Adaptik team was able to rapidly adjust their pre-configured General Liability product to meet our specific needs. While reviewing the system, we were able to see the changes we requested being made in real-time, envisioning the ease of configuring future enhancements or adding new product lines to match Starr’s fast paced growth.”
Starr Insurance Holdings, Inc. took advantage of the Adaptik Challenge to evaluate and ultimately select PolicyWriter as one of their new policy administration platforms. The Challenge highlighted PolicyWriter’s rapid configuration and prototyping capabilities. Due to PolicyWriter’s highly configurable nature, it took only weeks for a fully functional first cut of the system to be created and reviewed live by Starr Insurance Holdings’ business and operations management.
“We are proud that Starr has selected PolicyWriter as one of their policy administration solutions,” said John Pettit, President and CEO of Adaptik Corporation. “The Adaptik Challenge allowed Starr to thoroughly vet PolicyWriter and our team, and experience how quickly PolicyWriter can be configured to bring up complex new commercial lines products and solve seemingly intractable business problems. We are looking forward to a successful implementation and a strong continued partnership with Starr Insurance Holdings.”
PolicyWriter is a modern, rules-based policy administration solution that was built to handle the functional and technical needs of personal, commercial, worker’s compensation and specialty lines of business. Its advanced business functionality enables speed to market and provides capabilities that exceed the expectations of agents, employees and customers.
PolicyWriter is purpose-built to keep pace with today’s technology environment and evolve to leverage new technologies as they are adopted. It substantially lowers the risks & cost associated with system replacement and maintenance and scales to the demands of the largest P&C carriers.
About Starr Companies
STARR COMPANIES (or STARR) and the STARR Logo are trademarks worldwide for the services offered by the operating insurance and travel assistance companies and subsidiaries of Starr International Company, Inc. and for the investment business of C. V. Starr & Co., Inc. Starr is a leading insurance and investment organization with a presence on five continents; through its operating insurance companies, Starr provides property, casualty, and accident & health insurance products as well as a range of specialty coverages including aviation, marine, energy and excess casualty insurance.
About Adaptik Corporation
Adaptik, the creator of PolicyWriter, develops highly adaptive policy administration software solutions that are designed to improve speed-to-market, drive operational agility and scale to support large numbers of users and high transaction volumes. Adaptik is dedicated to providing P&C insurers with advanced business functionality while substantially lowering the risks and costs associated with policy administration system replacement and maintenance. For additional information on how PolicyWriter can help transform your business or to watch a brief demonstration please visit www.adaptik.com.