Starr Insurance Holdings has selected Adaptik’s rules-based policy administration platform, called PolicyWriter, for its general casualty, energy, environmental and commercial auto lines of business.
It took only weeks for a fully functional first cut of the system to be created and reviewed live by Starr Insurance’s business and operations management due to PolicyWriter’s configurable nature, Adaptik said.
Adaptik president and CEO John Pettit said that Starr thoroughly experienced how quickly PolicyWriter can be configured to bring up complex new commercial lines products and solve seemingly intractable business problems.
"We are looking forward to a successful implementation and a strong continued partnership with Starr Insurance Holdings," Pettit added.
Starr Insurance Holdings underwriting systems director Ed Myers said that the company needed a highly configurable policy administration platform that would meet its complex commercial business needs.
"While reviewing the system, we were able to see the changes we requested being made in real-time, envisioning the ease of configuring future enhancements or adding new product lines to match Starr’s fast paced growth," Myers added.