For Immediate Release
Erie Selects Castek’s
Insure3 for Core Policy Administration
Quicker Product-Delivery, Enhanced Service to
Agents/Policyholders
Toronto,
Ontario (September 24, 2001) — Castek, a provider
of software systems for financial services organizations,
has signed Erie Insurance Group (The ERIE) to a master
software license agreement. Castek will provide Insure3
Policy (pronounced insure-cubed policy) for The
ERIE’s personal and commercial lines. Insure3
Policy is a flexible policy administration system for
property/casualty (P&C) insurance companies.
“The
ERIE competes successfully by providing policyholders
with exceptional products and services at the lowest
possible prices," says John Sommerwerck, ERIE’s
CIO. "Insure3 Policy will help us continue
to outpace the competition. The full lifecycle policy
management and rapid product development, customization,
and rollout capability of its Product Configuration
Tool will take our interactions with our policyholders
and agents to a new level. The multi-channel interaction
and multi-player process support of Insure3 Policy
is an ideal match for our eCommerce strategy."
The
ERIE selected Castek to replace its core, online policy
processing application and to help achieve the company’s
information technology mission — to satisfy corporate
objectives through the use of advanced technology.
Insure3 Policy will be integrated with The
ERIE’s claims management, billing, financial, and CRM
systems.
“The
ERIE went through a lengthy process in search of advanced
technology partners as they transform the way their
policyholders, agents and employees communicate and
do business with them,” says Alistair Cumming, Castek’s
vice president, business development. "This agreement
is an important win for Castek’s overall value proposition.
We are proud to have won The ERIE’s business and trust.”
About ERIE
Erie Insurance Group (NASDAQ – ERIE) is the 23rd
largest property/casualty insurer and the 12th
largest auto insurer in the United States. With more
than 3.1 million policies in force, Erie Insurance Group
includes seven companies operating in 11 states and
the District of Columbia and is rated A++ (superior)
by A.M. Best Company. Headquartered in Erie, Penn.
since 1925, the ERIE provides auto, home, business,
and life insurance through more than 7,000 independent
agents representing nearly 1,500 agencies. For more
information, readers can visit the ERIE’s Web site at
www.erieinsurance.com.
About Castek
Castek Software Factory Inc. specializes in the creation
of strategic, business software for the financial services
industry, with a specific focus on P&C insurance.
Founded in 1990, Castek is recognized for its advanced,
flexible core business processing systems. For more
information, readers can visit the company’s Web site
at www.castek.com.
For More
Information Contact:
Mark O’Brien
Martino & Binzer
(860) 678-4300, Ext. 233
mobrien@goodbait.com