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

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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.

 

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