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Follow on Google News | COUNTRY Financial Selects PolicyWriter Suite as Its Policy Administration PlatformAdaptik Corporation today announced that COUNTRY Financial has licensed Adaptik’s PolicyWriter software suite to serve as the heart of its next generation personal lines policy administration platform.
COUNTRY conducted a thorough search for a policy administration platform that would provide flexibility to support its growth objectives, as well as, achieve greater efficiencies in terms of time to market and lower maintenance costs. Key required features for COUNTRY included: • A common intuitive system to support all of its personal lines • Straight through processing throughout the life cycle of the policy • Real-time transactional processing • Single- • Pre- integration with leading rating and billing solutions “We evaluated several vendors in the P&C policy administration space. It was important for us to select a company that provided not only top-notch software but would also be a true business partner over the life of our implementation,” PolicyWriter will enable COUNTRY Financial to not only match, but significantly exceed, current business functionality by: • Leveraging a single platform to support its financial representatives and internal users across all lines of business • Rapidly responding to market demands for new or refined products as well as regulatory changes • Realizing operational agility through automation and rules-based straight-through processing • Easily incorporating data from 3rd parties and other COUNTRY systems through configured web services, and • Reducing short and long term maintenance costs over the life of the system "We are very proud that COUNTRY Financial has selected the PolicyWriter suite to modernize their policy processing," About PolicyWriter PolicyWriter is an adaptive policy administration suite conceived specifically for Personal, Commercial, Specialty and Worker’s Compensation insurance carriers. It leverages modern, open technologies and rule-based configuration to drive business agility and lower total cost of ownership. The PolicyWriter suite includes a distinct, yet fully integrated, set of applications: About COUNTRY Financial COUNTRY Financial serves more than one million households and businesses throughout the United States. Founded in 1925, COUNTRY has more than 2,000 financial representatives in 14 Midwestern and Western states who help families build a financially secure future, no matter where they’re starting from. COUNTRY offers a full range of financial products and services, including auto, home, life and long term care insurance, annuities, mutual funds and college savings plans. 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. Media Contact Gwen Hoover 610-421-8601 ext. 105 gwen@altitudemarketing.com Corporate Contact Laura Ford, Vice President of Product Management 800-306-1062 ext. 109 lford@adaptik.com # # # Altitude Marketing is located in Emmaus, PA and provides a wide range of expert marketing services, including planning, design, writing, production and ongoing management for print media, PR and electronic communications. End
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