Adaptik Corporation Provides Policy Administration Software for a Member of Starr Companies

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Adaptik Corporation announces deployment of Adaptik Policy for Starr Insurance Holdings, Inc.

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“This project is an excellent example of teamwork that brought the vision of an integrated and agile solution to life in such a short period of time." John Pettit, President and CEO of Adaptik Corporation

Starr Insurance Holdings, Inc., a member of Starr Companies, and Adaptik Corporation, the leading provider of scalable and configurable P&C policy administration software, today announced that the carrier has deployed Adaptik Policy for the administration of its Energy and Environmental Package and Excess policies, as well as General Casualty package policies.

"We chose Adaptik because of its ease-of-use, scalability, and best-in-class policy administration functionality and technology," said Michael Toran, Starr Insurance Holdings’ Chief Information Officer. “Adaptik has exceeded our expectations; we are using the most advanced policy administration solution on the market. We believe that our partnership with Adaptik will support Starr’s continued growth.”

“The success of the go-live implementation has truly been a joint effort, both on the part of the Starr and the Adaptik implementation teams,” said Cliff Karlin, Chief Administration Officer at Starr Insurance Holdings. “This is the first of a series of deployments with Adaptik that will ensure that Starr has cutting edge technology to meet the increasingly complex requirements of our customers and we look forward to working together.”

Starr Insurance Holdings took advantage of the Adaptik Challenge to evaluate and ultimately select Adaptik as one of its new policy administration platforms. The Challenge – available to all P&C insurance carriers – highlighted Adaptik’s rapid configuration and prototyping capabilities, as well as its many features designed to support the processing of highly complex commercial insurance products.

Due to Adaptik’s highly configurable nature, it took only weeks for a fully functional first cut of the system to be created and reviewed live by Starr Insurance Holdings’ business and operations management. The Adaptik Challenge was followed by the successful implementation of Starr’s Energy and Environmental lines of business (which took 10 months to complete) and the General Casualty lines of business (which took four months).

“We are proud that Starr has successfully gone to production with Adaptik,” said John Pettit, President and CEO of Adaptik Corporation. “This project is an excellent example of teamwork that brought the vision of an integrated and agile solution to life in such a short period of time. We applaud Starr Insurance Holdings for their dedication to this project and look forward to a strong continued partnership as we continue the implementation efforts for other lines of their business.”

About Adaptik Corporation
Adaptik Corporation provides leading P&C insurance carriers with software solutions that empower them to efficiently handle their most vexing challenges. Fortified by our strong foundation in policy administration, Adaptik offers a suite of insurance solutions designed to simplify product implementations, improve speed-to-market, drive operational agility and scale to support large numbers of users and high transaction volumes – regardless of the complexity of the product or line of business.

Founded in 2000 and based in Bethlehem, Pennsylvania, Adaptik has been named a “Best Place to Work in PA” every year since 2010.

To learn more about Adaptik or to see a demonstration of our suite of policy administration solutions, visit adaptik.com. You can follow us on Twitter @adaptik, or view our LinkedIn page here.

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Kelly Stratton
Altitude Marketing
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