Press Release
Insurance Technologies Supports Microsoft Insurance Value Chain Architecture Framework v1.0 with Straight-Through-Processing Integration.
May 22, 2006
Las Vegas, NV
New prescriptive guidance helps insurance customers select and
deploy pre-integrated applications connected via industry and Web
services standards.
LAS VEGAS (ACORD/LOMA Insurance System Forum) — May 22, 2006 — Insurance
Technologies, an insurance software company providing point-of-sale
management software for the financial services and brokerage industries,
today announced its support of the Microsoft® Insurance Value Chain
Architecture Framework (IVCAF) v1.0.
The Microsoft® IVCAF v1.0 is an industry-standards-based approach
delivering prescriptive guidance on the development of straight-through
processing, enabling workflow across multiple insurance applications.
Insurance Technologies participated with two other IVC vendors, Impact
Technologies Group Inc. and AdminServer Inc., to demonstrate
straight-through-processing from point-of-sale through policy issuance
for an annuity contract. Pre-integrating applications has the potential
to reduce millions of dollars of post-purchase integration pain on the
part of insurance customers.
“Insurance Technologies participation in our IVC program and
contribution to our very first IVC labs showcases its commitment to
delivering straight-through processing for the insurance industry,” said
Kevin Kelly, managing director for the U.S. insurance industry at
Microsoft. “We look forward to working with Insurance Technologies to
assist insurance companies in developing service-oriented architectures
(SOAs) and deploying pre-integrated software applications around core
insurance business processes.”
The Microsoft IVCAF v1.0 promotes integration among best-of-breed
software applications through Microsoft .NET web services and industry
standards, such as ACORD. The architecture is the result of newly
launched integration labs that have been held monthly since the
beginning of 2006 on Microsoft’s Redmond, Wash., campus. The IVCAF will
feature a library of production-quality integrations and composite
applications, business narratives, Visio® process models, XML and Web
services messaging recommendations, and platform-specific implementation
guidance in major business areas.
“We are very pleased to be part of Microsoft’s IVC Architecture
Framework v1.0, which further demonstrates Insurance Technologies’
commitment to our current client base and future customers,” said David
Fenimore, SVP product development of Insurance Technologies. “By working
with other Microsoft preferred vendors on the IVCAF v1.0, we are helping
to provide a framework for accelerating our collective ability to
deliver relevant technology solutions to the insurance industry.”
More information about the IVC program can be found at
http://www.microsoft.com/industry/financialservices/insurance/businessvalue/default.mspx.
More information on the IVCAF, as well as downloadable code, will be
posted in June on the Microsoft Developer Network (MSDN®) program Web
site at http://msdn.microsoft.com/architecture/industry.
About Insurance Technologies (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, Health,
Annuities, Mutual funds, Critical Illness, DI, and LTC – all on a single
mobile platform.
For more information, and/or a copy of the complete release contact:
Heather Davis
Marketing Manager
Insurance Technologies
1-719-442-6400