Insurance Technologies received a distinguished ACORD Accomplishment Award for Web Services at the recent 2008 ACORD LOMA Insurance Systems Forum in Las Vegas, Nevada. The ACORD Accomplishment Award recognizes leadership in how insurance business is processed utilizing ACORD standards. Insurance Technologies new multi-carrier annuity sales platform, VisibleChoice™, has been acknowledged for its creative use of standard web services to automate the consolidation of product quotes among multiple insurance companies. VisibleChoice™ simplifies the sales process for the advisor and dramatically reduces the steps required to produce a proposal where an advisor may be affiliated with multiple insurance companies.
VisibleChoice™ provides improved compliance analysis coupled with on-demand illustrations, resulting in more rapid and suitable contract issuance for the selling organization. In leveraging ACORD standards, Insurance Technologies continues a long tradition of advocating standards-based technology and solutions. Product profile, producer detail and new business submission information is standardized to maximize efficiencies within VisibleChoice™.
“Insurance Technologies is proud of the recognition for our continued participation and thought leadership through industry standards,” says David Fenimore, executive vice president, Engineering & CIO for Insurance Technologies. “ACORD will remain an important aspect of providing software solutions for our customers.”
“Insurance Technologies has long been recognized as a leader in their commitment to the implementation of ACORD standards, and on behalf of ACORD, I congratulate Insurance Technologies on receiving the Web Services Award this year" said Lloyd Chumbley, AVP, Standards Technology.
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