About Castek
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Castek is an enterprise software company specializing in core-business
processing systems for large and mid-size property and casualty insurance carriers.
Castek is wholly-owned by i-flex solutions, a leading IT solutions provider to the financial
services industry worldwide and majority owned by Oracle.
Recognized for the advanced architecture and flexibility of its products, Castek provides
insurance carriers with a suite of flexible and scaleable business processing systems for
insurance product and process configuration, policy administration, customer management, billing
and claims management.
Castek is offering a strategic,
"best of breed" product solution, built on modern architecture and technology,
with a pristine implementation track record backing up the strategy. Our
intention is to not only support insurance carriers in terms of their
"business as usual" operating requirements, but also provide the flexibility
of allowing carriers to rapidly grow their businesses, enter new markets,
and bring new products to market in a true customer-centered business model.
Ultimately, it would allow carriers to change their competitive position
very effectively with the new scope of offerings and level of service that
could be offered to distribution channels and customers.
With Castek's award-winning, flagship software platform, Insure3
(pronounced “Insure cubed”), an insurer can transform their business and:
- Rapidly enter new market segments and
introduce new products, as a result of the extensive product and process configuration
capabilities that are built into the platform;
- Offer web-based, self-service initiatives,
in real-time, to agents and even customers across any desired portion of the entire business
life cycle (quote, new business, endorsements, renewals etc.);
- Re-engineer policy-centric business models into one
which is centered on customers;
- Materially reduce operational and IT costs by
consolidating all lines of business and all products across the entire business life cycle
onto one operational platform;
- Achieve scalability and access to the "best
of breed" solutions, as a result of the modern architectural principles and industry standards
(eg. SOA, Web services and ACORD XML) that are embedded in the Insure3 platform;)
- Achieve reduced implementation risk and very
rapid ROI, as a result of Castek's investment into pre-configuring standard industry products
and processes, and pre-integrating with other best of breed product partner solutions.
Castek is headquartered in Toronto, Ontario, Canada with activities
and partners spanning the USA, Canada, Europe, South Africa, South Korea
and China."
To know more about i-flex solutions, visit the Website http://www.iflexsolutions.com/iflex/home/default.aspx