SOURCE: Adaptik Corporation

Adaptik Corporation

August 17, 2009 08:00 ET

Adaptik Corporation Named by Independent Research Firm as a Hot Insurance Software Company to Watch in 2009

BETHLEHEM, PA--(Marketwire - August 17, 2009) - Adaptik Corporation, the creators of PolicyWriter, today announced that they were named one of eight Hot Insurance Technology Companies to Watch in 2009 in the June report by Forrester Research Inc. titled Hot Insurance Tech Companies To Watch In 2009: Q2 Update.

"What was the top inquiry that insurers posed to Forrester in 2008?" wrote report author and Forrester Senior Analyst Ellen Carney. "Anything to do with core applications. Policy administration is the core application that carriers need to bring in the business that comes from writing new policies, creating new products, and entering new markets. But many of these systems have been extensively customized, making them too expensive to support while slowing down the carrier's ability to write new business... Solutions like Adaptik's offer carriers the ability to launch new products quickly because business users can build new offerings themselves without having to queue up such requests to IT."

"We are honored to be named a Hot Insurance Tech Company to Watch by Forrester," said John Pettit, President of Adaptik Corporation. "Over the last nine years our product, PolicyWriter, has evolved to meet our vision of a modern and mature policy administration solution that provides P&C insurers with the capabilities they need to drive down the cost of operations and gain a competitive advantage in the market. PolicyWriter represents our combined learning taken from years of experience replacing policy administration systems and we are happy to be recognized for its market-leading capabilities and the benefits it brings to our customers."

To receive a full copy of the report please visit www.adaptik.com.

About Adaptik Corporation

Adaptik, the creators 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. For additional information on how PolicyWriter can help transform your business visit www.adaptik.com.

Contact Information

  • Media Contact:
    Adaptik Corporation
    Ms. Laura Ford
    800.306.1062 ext. 109
    Email Contact