BETHLEHEM, Pa.--(BUSINESS WIRE)--Adaptik Corporation, a leading provider of flexible, scalable and configurable software solutions for property & casualty insurers, today announced that Canal Insurance Company has deployed the Adaptik Cloud software suite to administer its commercial automobile line of business.
Canal, a leading commercial trucking and specialty transportation insurer headquartered in South Carolina, chose the Adaptik Cloud with the goal of modernizing its policy administration infrastructure. Now successfully implemented and in production, the Adaptik Cloud will allow Canal to bring new products to market quickly, mitigate risk and streamline workflows.
Hosted in a highly secure cloud environment, the Adaptik Cloud delivers all the configurability and scalability of Adaptik’s traditional on-premise solutions with no hardware for internal IT staff to maintain. The result is enterprise-grade performance with exceptionally low total cost of ownership.
“We are excited to go live with the Adaptik Cloud,” said John DiBlanda, SVP and CFO of Canal Insurance. “As we strive to meet the ever-changing demands of our clients, it is imperative that our policy administration solution gives us the agility to introduce and modify products quickly. The Adaptik Cloud’s rapid deployment capability, coupled with Adaptik’s expertise in specialty insurance, is already helping us manage our complex business requirements and putting us on a path for future growth.”
“The Adaptik Cloud empowers property and casualty insurers to turn even their most complex and niche products and lines into opportunities for sustainable growth,” said John Pettit, President and CEO of Adaptik Corporation. “With its implementation of the Adaptik Cloud, Canal has the tools it needs to continue to grow and thrill its clients. We applaud the Canal team for their dedication to this project and look forward to our continued partnership.”
About Canal Insurance Company
Canal Insurance Company, headquartered in Greenville, South Carolina, has specialized in providing insurance to commercial trucking operations through selected professional general agents for more than 75 years. By offering auto liability, motor truck cargo, physical damage and truckers general liability coverages, Canal is able to provide comprehensive options for its insureds.
About Adaptik Corporation
Adaptik Corporation provides leading P&C insurance carriers with software solutions that empower them to efficiently handle their most vexing challenges. Adaptik offers policy administration and billing solutions designed to drive operational agility, simplify product implementations, improve speed to market and scale to support large numbers of users and high transaction volumes – regardless of the complexity of the product or line of business.
Founded in 2000 and based in Bethlehem, Pennsylvania, Adaptik has been named a “Best Place to Work in PA” every year since 2010.