COUNTRY Financial Overhauls Policy Admin

COUNTRY Financial,  out of Bloomington, Ill., has licensed the PolicyWriter software suite from Adaptik Corp. to serve as the heart of its next generation personal lines policy administration platform, the companies report.

PolicyWriter will replace COUNTRY Financial’s current legacy systems that support all of its personal lines business, including auto, home and agribusiness.

The key required features COUNTRY desired in the system include a common intuitive system to support all of its personal lines, straight through processing throughout the life cycle of the policy, real-time transactional processing, single-step out-of-sequence transaction processing and pre-integration with leading rating and billing solutions.

According to Adaptik, PolicyWriter will enable COUNTRY Financial to leverage a single platform to support its financial representatives and internal users across all lines of business. In addition, the insurer plans to use the system to streamline its response to market demands for new or refined products and realize operational agility through the system’s automation and rules-based straight-through processing.

The PolicyWriter system is designed to incorporate data from third parties and other COUNTRY systems through configured web services, creating user efficiencies in the process.

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