CHICAGO–(BUSINESS WIRE)–Paradox Technology Solutions LLC (PTS), an innovative insurance software solution provider with a specialized focus in workers compensation and commercial lines insurance, today announced that its WorkersCompExpert software platform has been chosen by Patriot National Insurance Group to support its insurance, managing general underwriting, billing and claims services operations.
“The PTS WorkersCompExpert system is a highly configurable platform that meets the requirements of our various business units as well as provides the desired technology environment for our future,” said Judith Haddad, Patriot National’s CIO / CTO. “The selection of PTS as our vendor partner was preceded by a rigorous screening of many workers’ compensation platforms. It was followed by a proof of concept phase involving extensive gap analysis and testing to gauge delivery of some Patriot-specific functionality. We are looking forward to being the first insurance organization to launch the WorkersCompExpert system internally, to our agent partners and over 16,000 policyholders.”
Commented Steven M. Mariano, Chief Executive Officer and Chairman of the Board of Patriot National, “Patriot National is an entrepreneurial company with a unique business model. PTS offers a single platform that will support our insurance company, Guarantee Insurance Company and our program administrator, Patriot Underwriters, Inc. We spent many months evaluating legacy replacement systems and WorkersCompExpert not only met our business requirements but PTS has vast expertise in the insurance vertical which creates a valuable partnership.”
Sandeep Mehta, co-CEO of PTS, said, “We’re excited to be selected by Patriot National Insurance Group. The PTS WorkersCompExpert platform is a game changer that will enhance Patriot’s business performance across the insurance value chain. Patriot National recognized our platform’s industry altering potential early and we look forward to achieving great success together.”
“Patriot National’s decision is very gratifying for us,” added Richard Madock, co-CEO of PTS. “Our goal as a company is to raise the industry bar when it comes to delivering superior insurance solutions, to the underserved workers’ compensation market.”
Source: BusinessWire