NewswireToday - /newswire/ - Emmaus, PA, United States, 11/24/2009 - Adaptik Corporation releases the new edition of their Adaptive Policy Administration white paper, “12 Ways to Know if a System is Truly Adaptive”.

Adaptik Corporation today announced the availability for download of the fourth edition of their Adaptive Policy Administration white paper. The white paper, entitled “12 Ways to Know if a System is Truly Adaptive,” articulates what makes a policy administration system flexible in ways that provide business value. Adaptive systems are fundamentally changing the economics of policy administration by altering the traditional time frames and cost structures for system ownership.

Against the background of inflexible systems and escalating costs, there has been a growing realization that, to truly be effective, policy administration systems must be adaptive. Adaptability is important to policy administration not only because of the need to accommodate change but also to support housing of multiple insurance products within a single system.

This edition of the white paper discusses the importance of adaptive systems and the 12 characteristics required to be truly adaptive. It suggests that insurance providers use these characteristics as guidelines for determining whether a system is sufficiently configurable and extensible. It also evaluates traditional policy administration by looking at adaptability in addition to functionality and technical fit.

Adaptive systems are not only changing the economics of policy administration but also streamlining implementation and ongoing application maintenance. P&C insurers, who embrace adaptive policy administration solutions, stand to gain significant competitive advantages by leveraging the speed and flexibility of these systems in introducing a wide variety of customized insurance products.

If you would like to download a copy of the white paper please visit Adaptik.com/resource-library/.

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 provide 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 visit the website.

Agency / Source: Altitude Marketing

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