Castek Advantage

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Castek develops core insurance-business processing systems for large and mid-sized property and casualty insurance carriers. 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 and claims management.

For decades, insurance carriers have been forced to operate within the constraints of inflexible and unmanageable legacy software infrastructure. Despite the tremendous advances that have been made in computing capability, network bandwidth and processing capacity ("feeds and speeds"), legacy software platforms have continued to be the single most intractable roadblock to transformation for insurance carriers. Business priorities such as moving from a product-centered, to a customer-centered business model, or providing agents and policyholders with internet based self-service capabilities, or even introducing new products and services in a timely fashion have continued to be stymied by old software that has been patched and band-aided over decades.

Castek's product vision is to ensure that we give insurance carriers (1) a modern, functionaly complete platform from which to operate their business; (2) an open, standards-based architecture which provides the CIO with the flexibility and ability to make product and vendor choices at any time; and (3) the tools to allow the business to configure their own requirements, so that IT is no longer on the critical path to developing new insurance products or implementing new service and process initiatives.

With our partners at i-flex solutions, 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, this will allow carriers to change their competitive position very effectively with a new scope of offerings and level of service that can be offered to distribution channels and customers.