Life & Annuity Industry Veterans and Innovators Launch New Company

Founders of AdminServer re-team with the goal of once again causing a paradigm shift in the life and annuity policy administration systems market

ORLANDO, Fla.--(BUSINESS WIRE)-- From the ACORD LOMA Insurance Systems Forum, well-known technology innovators in the life and annuity technology market, Chris Doggett and Chris Gali, announce that they have re-teamed in response to the market’s need for a new approach to life and annuity policy administration systems. Headquartered in Philadelphia, Pennsylvania, the new Doggett/Gali company, Adminovate, is being unveiled at the ACORD LOMA Forum and comes to the market with the objective of facilitating a paradigm shift in the life and annuity policy administration solutions market.

Doggett and Gali successfully changed the market twelve years ago when they were the first to introduce the concepts of rules engines and product configurability with AdminServer. Since then, technology has evolved, enabling new possibilities and creating the opportunity and the right time, once again, for a new generation of policy administration systems for life and annuity.

While a number of life and annuity systems are being marketed as ‘modern’ technology-based solutions, Adminovate CEO Doggett contends that, “We did not want to reinvent the wheel by designing a new rules engine and connecting it to a policy administration system. With Adminovate, we wanted to take things to the next level and felt that the latest advances in technology gave us a great foundation to create something very innovative.”

In addition to launching the company at the ACORD LOMA Forum, Adminovate will also have the forwardPAS^TM life and annuity and health policy administration system on hand to provide the industry with a product preview. While today’s rules-based systems allow insurers to configure products and workflows, forwardPAS allows insurers to configure their entire policy administration system through an intuitive and easy to use graphical business process modeling tool.

“HTML5, Cloud-compatibility, and multi-platform support, coupled with proven administrative methodologies, make for a powerful combination that enables insurers to finally build, manage and maintain both products and processes as often as they need or want to,” noted Gali, Adminovate Chief Architect. “We are leveraging everything that the latest technologies have to offer to deliver a platform independent policy administration solution in the life, annuity, and health space.”

Gali continued, “We recognized the need to move business processing logic out of the world of programming languages and complicated rules syntax, and into a more visual paradigm. This approach ensures that those most familiar with the business processes are actively involved throughout the implementation process, and greatly reduces the time and costs associated with the translation of business requirements.”

To learn more about Adminovate, or to schedule a preview demonstration of forwardPAS, please contact Adminovate at [email protected] or visit booth 1131 while at the ACORD LOMA Forum.

About Adminovate

Adminovate is a privately-held consulting and solutions provider for the life, health and annuity industry. It is focused on delivering modern policy administration software and experienced consultation services to insurers looking to transform their business, create a competitive advantage and reduce overall costs.

Adminovate Timothy McKenna, 484.467.8253
[email protected]

Source: Adminovate