May 27, 2008
Colorado Springs, CO
COLORADO SPRINGS, CO (May 27, 2008) –Insurance Technologies has received a distinguished ACORD Accomplishment Award for Web Services at the 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, EVP, 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.
About Insurance Technologies (http://www.insurancetechnologies.com)
Based in Colorado Springs, Colorado, Insurance Technologies LLC offers point-of-sale illustration software to the insurance and financial services industries. Insurance Technologies award-winning product, ForeSight™, supports all product types, including Life, Annuities, Critical Illness, DI, and LTC – all on a single mobile platform. Our latest innovation VisibleChoice® is a multi-carrier annuity sales platform designed to leverage multiple annuity products and features. Together, they improve point-of-sale effectiveness and help close more sales quickly.
About ACORD (http://www.acord.org)
Based in New York, ACORD (Association for Cooperative Operations Research and Development) is a global, nonprofit insurance association whose mission is to facilitate the development and use of standards for the insurance, reinsurance and related financial services industries. With offices in London as well, ACORD accomplishes its mission by remaining an objective, independent advocate for sharing information among diverse platforms. ACORD Standards and services improve efficiency and expand market reach. Affiliated with ACORD are hundreds of insurance and reinsurance companies, and thousands of agents and brokers, related financial services organizations, solution providers, and industry organizations worldwide.