Adeptia Unveils Industry Solution Based on Business Process Management Technology

January 18, 2005

Chicago-based Adeptia Inc., a provider of business process management (BPM) technologies, announced the release of book of business, agency-carrier interface and claims management solutions for the insurance industry.

Adeptia solutions cater to diverse business needs of carriers, brokers, reinsurers as well as their customers. Adeptia solutions combine essential elements of workflow, information management, collaboration tools and insurance industry standards.

With the deployment of these insurance solutions, customers can automate insurance brokerage, reinsurance book of business transfer, insurance underwriting and claims processing. Adeptia automates all crucial transactions’ from form submission to policy and endorsement issuance, and from first notice of loss to claims payment.

“Business process management or BPM is the ideal solution to optimize business processes, reduce costs and enhance profitability. By creating an insurance version, we have aligned it with the business needs of the insurance industry. Adeptia BPM for Insurance magnifies the benefits of BPM for the insurance industry and delivers more measurable business value to agents, carriers and reinsurers,” said Lou Ennuso, CEO of Adeptia.

The reported benefits of Adeptia insurance solutions are:
* Adeptia Book of Business transfer solution helps deploy portfolio 75% faster than any custom coded solution.
* The Agency-Carrier Interface solution increases revenues by 10% or more per agency.
* The Claims Management solution helps reduce cost of managing automation of claims process by 30% to 50%.

Adeptia’s process oriented insurance solution combines its leading BPM technology with packaged industry oriented application to efficiently meet the needs of the insurance industry and increase the expected benefits.

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