Sarasota, FL (PRWEB) November 21, 2013
Tropics Software Technologies (Tropics), a national workers’ compensation software solution provider, was named by Celent Insurance Group (Celent) as a technology provider in their annual report. The report provides a detailed look at 42 policy administration systems for North American personal, commercial, and specialty insurance products. Co-authored by the Director of Americas Property/Casualty Practice Donald Light and Senior Analyst Michael Fitzgerald; the Celent report is the most comprehensive to date and includes detailed information for all of the featured solutions.
The over 200 page report features Celent’s ABCD Vendor View, allowing providers to compare the vendor marketplace in four areas: Advanced technology and technical flexibility, breadth of functionality, customer base, and depth of client services and solutions.
“We are honored to participate in the Celent report. As a singularly focused workers’ compensation solution provider we are certain those organizations seeking a completely modern, web based solution will see the value of Tropics in the ABCD Vendor View. The dedication of our employees, and their 500 plus years of workers’ compensation knowledge are the reasons we have been able implement Tropics at 36 organizations with 100% success,” says Paul Alberty, Director of Business Development at Tropics.
“This report is intended to help insurers compare policy administration vendors on a wide range of factors. Insurers can evaluate a vendor relative to their IT strategy by looking at critical factors, such as the availability of certain technical or functional features and customer feedback on system implementation and integration,” says Mike Fitzgerald.
“Large transformation projects are always somewhat risky and difficult, even under the best circumstances,” adds Donald Light. “Given the variation in insurance business models and products, there is no one right answer for policy administration for all carriers, and insurers need to have a clear view of all the dimensions of a given system to make an intelligent selection decision.”
The full report can be downloaded here: http://www.celent.com/reports/north-american-policy-administration-systems-2013-personal-commercial-and-specialty-abcd.
Tropics Software Technology is a national software company specializing in workers’ compensation insurance systems. They provide integrated, web-based policy, claims and financial systems. The company offers a comprehensive set of configurable modules, based on a common foundation of workflow and document automation, which boost business efficiency. For additional information, please call Nicole Kurz at (888) 925-1234 #4353, or visit http://www.GoTropics.com.
Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is part of Marsh & McLennan Companies.