Expert: Insurers face pitfalls in policy-administration updates

12/6/2012 | PropertyCasualty360

Insurers working to replace their policy-administration systems must avoid pitfalls such as viewing policy administration as a task involving unrelated business requirements and creating a solution based on a single product, writes John Pettit of Adaptik. Insurers also should not assume that their replacement system will no longer need to evolve, and they must understand how rule definition affects system performance, Pettit writes.

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