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Canal Insurance Selects Adaptik Cloud for Policy Administration

Staff Writer | February 18, 2015

Canal Insurance Company and Adaptik Corporation announce that Canal has selected the scalable, flexible and integrated Adaptik Cloud policy administration solution for its commercial auto business.

“As a leading commercial trucking and specialty transportation insurer, we needed a highly configurable policy administration platform that could both meet our complex business needs and integrate with the other systems we utilize,” says John DiBlanda, senior vice president and CFO of Canal Insurance. “Those goals made the Adaptik Cloud solution immediately attractive to us. The system’s configuration capabilities empower our business users to be more self-sufficient, and the robust integration architecture allows us to take advantage of our investments in our other systems. As a result, we have a high degree of confidence that our thorough search has led us to a policy admin solution that will greatly improve speed-to-market, reduce costs and mitigate risk.”

“We are proud that Canal has selected the Adaptik Cloud policy administration solution for their Commercial Auto business,” says John Pettit, president and CEO of Adaptik. “We are looking forward to a successful implementation and a strong continued partnership with Canal so they can continue to provide their policyholders with industry-leading product and services.”

Cloud based solutions are reshaping the insurance industry, according to Anne Kraske, vice president of product management for Adaptik. The Adaptik Cloud expands the implementation options for P&C carriers by delivering its policy administration platform as a service. As such, the Adaptik Cloud reduces barriers to entry, speeds implementation timelines, and allows carriers to focus on core competencies and meeting the needs of their customers.

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