PRESS
RELEASE
Adeptia launches Book of Business,
Agency-Carrier Interface and Claims Management solutions that streamline and
accelerate key insurance processes as well as significantly reduce operational
costs and increase profitability of insurance organizations
With the deployment of these
insurance solutions, customers can automate insurance brokerage, reinsurance
book of business transfer, insurance underwriting and claims processing. Adeptia automates all crucial
transactions—from form submission to policy and endorsement issuance, and from
first notice of loss to claims payment. Thus, Adeptia insurance helps enhance
agent/broker relationships, improves underwriting quality, and reduces claims
processing time as well as cost per claim.
“Business process management or BPM
is the ideal solution to optimize business processes, reduce costs and enhance
profitability. By creating an insurance version, we have aligned it with the
business needs of the insurance industry. Adeptia BPM for Insurance magnifies
the benefits of BPM for the insurance industry and delivers more measurable
business value to agents, carriers and reinsurers.” – said Lou Ennuso, CEO of
Adeptia.
The benefits of Adeptia insurance
solutions are:
·
Adeptia Book of Business transfer
solution helps deploy portfolio 75% faster than any custom coded solution.
·
The Agency-Carrier Interface
solution increases revenues by 10% or more per agency.
·
The Claims Management solution helps
reduce cost of managing automation of claims process by 30% to
50%.
“To fully utilize the potential of
BPM technology for the insurance industry, Adeptia has combined it with
industry-standards and tailored it to suit the insurance business life cycle.
Adeptia BPM for Insurance is an effective and rapid solution that helps
businesses perform better by leveraging their existing IT infrastructure.” -
said Deepak Singh, CTO of Adeptia.
Adeptia’s process oriented insurance
solution combines its leading BPM technology with packaged industry oriented
application to efficiently meet the needs of the insurance industry and
considerably increase the expected benefits. Adeptia’s BPM for Insurance solution
has the flexibility to address evolving and changing needs of its
customers.
About Adeptia, Inc.
Manage, Automate, Optimize business
processes
Adeptia is an enterprise software
company headquartered in
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Contact
Information
Rob Walter
Adeptia, Inc.
(312) 442-4426