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Adaptik Corporation, the creators of PolicyWriter, today announced that they were profiled in the July 2009 Novarica Market Navigator™ Report for property and casualty insurers.
As the report states; Novarica’s Market Navigator™ for property and casualty insurance “provides an overview of established policy administration systems and suites for US property/casualty insurers. The report contains profiles of each of 47 vendor solutions, containing information about the vendor organization, client base, technology used and key functionality.”
The importance of modern and mature policy administration solutions, like PolicyWriter, is a topic that many insurers and analysts are focusing on. The report continues to state, “CIOs indicate that a majority [of them] ranked policy administration enhancement or replacement as one of their top priorities. This is further evidence that the P/C policy administration market continues to flourish.”
“We are honored to be featured in Novarica’s Market Navigator™ for property and casualty insurance. We are very happy about our placement among the reviewed P&C policy administration solutions and feel that it is a true indication of PolicyWriter’s rich functionality across both personal and commercial lines and its ability to scale to meet the needs of both large and medium size carriers,” said John Pettit, President of Adaptik Corporation. “We support and encourage reports like this because they emphasize the importance of policy administration solution replacements and enhancements and how modern and mature solutions, like PolicyWriter, can be integral to the success of P&C insurers.”
About Adaptik Corporation
Adaptik (adaptik.com), the creator of PolicyWriter, develops highly adaptive policy administration software solutions that are designed to improve speed-to-market for new products and scale to support large numbers of users and high transaction volumes. They are committed to providing insurers with advanced business functionality while substantially lowering the risks and costs associated with system replacement and maintenance.
Media Contact:
Adaptik Corporation, Ms. Laura Ford
P: 800.306.1062 x109
E: lford[.]adaptik.com
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