Insurance Solutions
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Castek is recognized by the property and casualty insurance industry
as a leading developer of enterprise-scale, adaptable and uniquely
configurable business software. Our flagship product, Insure3
(pronounced “Insure cubed”), is a suite of flexible
systems that address the core business processing needs of property
and casualty insurers. Insure3 modules support customer-focused
full lifecycle policy administration and claims management, as
well as insurance product and process configuration.
Managing relationships with a customer-centric view of the world,
and implementing operationally efficient processes are critical
to insurers’success. But unfortunately, new customer-focused
business models and CRM strategies simply can’t be fully
realized on a foundation of rigid product centric applications.
Yet, these siloed legacy systems, often as many as one per line-of-business,
constitute the majority of core business systems in insurance
today. By design, these old product-centric systems are not only
costly to maintain, but also prohibitively complex and expensive
to integrate with new customer and distributor facing technologies.
Often key processes are only partially supported by the system,
requiring time-consuming manual activities, waits for overnight
batch cycles, and user follow-ups. Most important, these rigid
legacy systems are a critical inhibitor to adapting to the changing
operating environment and realizing your business strategies.
At Castek, our mission is to bring the flexibility to “change
at the speed of business” to the heart of our customers’
value chain.
Our software enables the vital business handling improvements
needed now and becomes the engine for continuous business innovation
and competitive advantage. Our systems are designed specifically
to empower the business user and reduce pressure on IT. They’re
also IT friendly, allowing the incremental addition of new functionality,
while integrating with existing and other new business systems.