Looking to expand on its existing suite of insurance processing solutions, Peak Performance has acquired web-based software system PolicyPointe.
Peak Performance says PolicyPointe leverages application service provider (ASP) technology to provide automatic execution and electronic delivery of all elements of policy underwriting, rating, sales and issuance administration – through secured self-administration and real-time processing.
Peak Performance explained that PolicyPointe rates and underwrites the risk based on pre-defined, customizable criteria. The single point-of-service system issues policies, including all necessary endorsements, and offers customers the option of having policies delivered via email, fax or regular mail, and making payments online or by mail using PolicyPointe’s billing and accounting system.
Steven Isaac, CEO of Peak Performance, said, The acquisition of PolicyPointe is in keeping with the company’s strategic objective of acquiring proven state-of-the-art insurance-specific technology to support all aspects of a carriers business processing needs with an end-to-end solution, while supporting a variety of web services.