Canal Insurance Company has deployed Adaptik Corporation’s cloud software to manage policies for its commercial automobile line of business.
The specialty transportation insurer selected Adaptik cloud to modernize its policy administration infrastructure, the companies said. Adaptik cloud will allow Canal Insurance to bring new products to market quickly and mitigate risk while lowering total cost of ownership thanks to the absence of hardware for IT staff to maintain.
“It is imperative that our policy administration solution gives us the agility to introduce and modify products quickly,” said John DiBlanda, SVP and CFO of Canal Insurance, in a statement. “The Adaptik Cloud’s rapid deployment capability, coupled with Adaptik’s expertise in specialty insurance, is already helping us manage our complex business requirements and putting us on a path for future growth.”
Canal Insurance joins Arch Insurance Group, The Main Street America Group and Travelers Insurance as Adaptik customers.
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