PRZOOM - /newswire/ -
Emmaus, PA, United States, 2012/07/26 - Adaptik releases new white paper, "The Seven Deadly Sins of P&C Policy Administration".
Adaptik Corporation — the developer of PolicyWriter, the only adaptive P&C policy administration solution available today — has released a new white paper,“The Seven Deadly Sins of P&C Policy Administration” authored by the company’s President & CEO, John Pettit.
Available for download at adaptik.com, the white paper highlights the causes of — and solutions to — common mistakes made when selecting and developing policy administration systems. With more than 60,000 person days logged in developing their PolicyWriter suite, the Adaptik team is familiar with the ever-changing needs of the insurance industry and how the right solution and approach can mitigate the risks and costs of a policy administration replacement project.
“Policy administration projects have long been a source of concern for many carriers,” Adaptik President and CEO John Pettit said. “Traditional methods of development require clearly defining the problem space and then feeding the frozen requirements down a pipeline that is incapable of reacting quickly to changes in scope, technology, products, regulations, or user and corporate needs. Historically, there have been seven specific ‘sins’ that projects have committed that have caused them to struggle or fail. After years of working on policy administration projects we are happy to share our hard-won insights and tips with the insurance community.”
“The Seven Deadly Sins of P&C Policy Administration” is the latest thought leadership offering from Adaptik. You can find more pieces on the Adaptik blog, or by visiting Adaptik’s online Resource Library.
About Adaptik Corporation
Adaptik, the creator of PolicyWriter (adaptik.com), 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.