Adaptik Introduces PolicyWriter: Agency Link.Business Editors BETHLEHEM, Pa.--(BUSINESS WIRE)--March 31, 2003 Leverages ACORD ACORD Association for Cooperative Operations, Research and Development ACORD Agency for Cooperation and Research in Development ACORD Association de Coopération et de Recherche pour le Développement (French) XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. and IVANS IVANS Insurance Value Added Network Services Transformation Station(TM) to Provide Carriers with State-of-the-Art Policy Acquisition Software The Adaptik Corporation today announced the release of its PolicyWriter: Agency Link facility, enabling carriers to improve policy acquisition through the rapid introduction of agency upload See download. upload - /uhp'lohd/ To transfer programs or data over a digital communications link from a smaller or peripheral "client" system to a larger or central "host" one. Opposite: download. capabilities for all property and casualty lines. "Insurance Companies have been looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ways to reduce expenses through agent self-servicing of policies over the web. Likewise, agents have long sought to upload information directly from agency management systems to carriers in order to improve productivity and provide faster service to customers," stated John Pettit This article is about the U.S. Representative from Indiana from (1843-1849). For the U.S. Representative from Indiana from (1855-1861), see John U. Pettit. John Pettit (June 24 1807 - January 17 1877) was a United States Representative and Senator from Indiana. , President of Adaptik. "PolicyWriter: Agency Link helps achieve both these objectives quickly and in a cost effective way." The system utilizes IVANS Transformation Station(TM) to receive and respond to transactions from agency management systems in real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. , using the ACORD XML format, and the Internet. In addition to providing real-time quotes to agents, PolicyWriter: Agency Link includes special capabilities to compensate for missing or mismatched information in incoming quote requests based on carrier-defined rules. It accomplishes this without relying on company edits. For example, if a quote request specified the limit for a particular coverage to be $5,000 and the carrier only had options for $3,000 and $6,000, the system could adjust it to the closest, next higher, or next lower option available depending on the PolicyWriter settings. These settings are independently specified for each piece of information providing carriers a high degree of control over such automatic adjustments. PolicyWriter: Agency Link provides the following benefits: Agent Benefits: -- Reduce redundant data entry by agency staff -- Minimize the need to learn another carrier's proprietary system -- Respond rapidly to customer quote requests in real-time -- Reduce reliance on out-of-date carrier rating disks -- 24 X 7 responsiveness to customers Insurance Company Benefits: -- Fortify for·ti·fy v. for·ti·fied, for·ti·fy·ing, for·ti·fies v.tr. To make strong, as: a. To strengthen and secure (a position) with fortifications. b. To reinforce by adding material. agent relationships through providing an easier way of doing business -- Increase new business submissions -- Increase productivity of customer service representatives by eliminating data entry -- Reduce expenses through agent self-servicing -- 24 X 7 responsiveness to agents -- Facilitate the promotion and acceleration of agent book of business rollovers About Adaptik Corporation Located in Bethlehem, Pennsylvania Bethlehem is a city in Lehigh and Northampton Counties in the Lehigh Valley region of eastern Pennsylvania, in the United States. As of the 2000 census, the city had a total population of 71,329, making it the eighth largest municipality in Pennsylvania. , Adaptik Corporation provides highly flexible and cost effective software solutions to Property & Casualty insurers. Adaptik's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. is PolicyWriter, a browser-based system that goes beyond traditional policy administration. PolicyWriter is designed to significantly speed up the introduction and evolution of insurance products - allowing the business to quickly take advantage of new opportunities. Adaptik products are supported by an equally adaptive implementation approach that dramatically reduces installation time and costs. Let Adaptik help change your focus from Policy Administration to Policy Acquisition. For additional information on Adaptik please visit www.adaptik.com or call 215-741-5791. |
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