TORONTO–(BUSINESS WIRE)–Sept. 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 solutions for the financial services industry, with a
specific focus on property and casualty insurance. Founded in 1990, Castek is recognized
as a leading practitioner of component-based development. For more information, readers
can visit the company’s Web site at www.castek.com.
For more information:
Mark O’Brien
Director of Public Relations
Martino & Binzer
Phone (860) 678-4300
