Castek and NetRate, Inc. Agree to Joint Offering; NetRate's Rating Solution Complements Castek's Insure3 Suite.Business Editors TORONTO--(BUSINESS WIRE)--Nov. 17, 2003 NetRate Inc. and Castek Inc. have formed a strategic alliance, completing a framework for both companies to offer a joint solution that integrates Castek's Insure Insure can mean:
"Our partnership with NetRate exemplifies the way in which companies can work together for the benefit of their customers," says Pete Jones Pete Jones can refer to different people:
"'Rate, Quote and Issue' is the foundation of insurance companies' business processes," says Dave Jordan, President of NetRate Systems. "The combination of Castek's Insure3 Policy administration systems and NetRate's extensive rating products ensures a world class solution for the P&C industry. Their integration allows underwriters, employees and agents the ability to enter and manage risk information, then instantaneously in·stan·ta·ne·ous adj. 1. Occurring or completed without perceptible delay: Relief was instantaneous. 2. Rate/Quote and issue policies for all lines of business." About Castek Castek Inc. (Toronto, ON.) specializes in strategic business software for P&C insurance. Recognized for the advanced architecture and flexibility of its products, Castek provides carriers with a suite of core business processing systems for insurance product and process configuration, policy processing, and claims management. For more information, please visit www.castek.com or call 1-866-9CASTEK. About NetRate NetRate Systems, headquartered in Lansing, Michigan “Lansing” redirects here. For other uses, see Lansing (disambiguation). Lansing is the capital city of the U.S. state of Michigan, and the state's sixth largest city. , was founded to help insurance companies capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the growing market need for increased premium accuracy and the demand for 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. rating, quoting, and application-processing services. NetRate, with over 100 years of combined company expertise in the development of Property & Casualty Rating and Applications software, has company-specific rating products for both personal and commercial lines, using today's latest technology. |
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