Castek Advantage
> Why Insure3?
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The enterprise software market for the P&C insurance vertical market is
one of the most highly concentrated and sharply bifurcated vertical markets in
the enterprise software space. On one hand, insurance carriers can choose to go
with vendors with a large historical installed base, but whose products are
uniformly dated, inflexible and therefore tactical in nature. Alternatively,
insurance carriers can choose a vendor with products that are of a more recent
vintage, built on advanced architectural principles, but with functionally incomplete,
unproven solutions that typically come with attendant risk and cost premiums.
Castek has built Insure3 and engineered our business and partnership model to
bridge this gap.
We are proud to offer a proven enterprise platform in the market that has been
purpose-built, from the ground up to have an open SOA architecture, with a collaboration
of best of breed partner product vendors on a functionally complete platform -- all
available in a pre-configured and pre-integrated format from a single prime vendor.
For the first time, carriers can choose to take up a modern, standards-based, best of
breed solution without the inherent contractual or implementation risks of committing
to such a strategy !!
With Insure3 an insurer can:
- Rapidly enter new market segments and introduce new products, as a result
of the extensive product and process configuration capabilities that are built into the platform;
- Offer web-based, self-service initiatives, in real-time, to agents and even customers
across any desired portion of the entire business life cycle (quote, new business,
endorsements, renewals etc.);
- Re-engineer policy-centric business models into one which is centered on customers;
- Materially reduce operational and IT costs by consolidating all lines of business and
all products across the entire business life cycle onto one operational platform;
- Achieve scalability and access to the "best of breed" solutions, as a result of the
modern architectural principles and industry standards (eg. SOA, Web services and ACORD XML)
that are embedded in the Insure3 platform;
- Achieve reduced implementation risk and very rapid ROI, as a result of Castek's
investment into pre-configuring standard industry products and processes, and pre-integrating
with other best of breed product partner solutions.