Each year ACORD recognizes member partners who have demonstrated innovative development in enhancing the industryâs implementation of ACORD standards. Insurance Technologies was presented a 2011 Award for their involvement in generating a value added deliverable, eLabels, that assist in adoption and adds implementation value to existing standard ACORD forms. By implementing standardized eLabels, end users will have the ability to interject an e-label âsmartâ tagged PDF into existing business flow, which can then either generate an ACORD transaction or ingest an ACORD transaction and populate a PDF while leveraging the existing fillable form technology.
Insurance Technologiesâ product offerings support ACORD standards, delivering their clients with sales solutions that provide streamlined workflows and straight-through processing. By incorporating eLabel support within Insurance Technologiesâ FireLightÂ® electronic application and fulfillment platform, an ACORD 103 new business transaction will have eLabels standardized, expediting new business processing.
âInsurance Technologies is proud of our history in the enhancement and implementation of ACORD standards and to be recognized by ACORD for our participation is a true honor,â said David Fenimore, EVP Engineering & CIO for Insurance Technologies. âHere at Insurance Technologies, we continually strive to provide our clients innovative solutions to help them transact business. By incorporating ACORD standards into our newest product, FireLightÂ®, we are able to offer the industry a world class electronic application new business platform that simplifies new business processes and straight-through processing.â
"On behalf of ACORD, I want to congratulate Insurance Technologies on winning a 2011 ACORD Award for most compelling case study," said Rick Heil, Director of Standards, ACORD. "Their commitment to Standards and their leadership is to be applauded."
âThe new eLabel ACORD deliverable adds a tremendous value to the entire industry and leads to a cleaner, more conformant set of standards from ACORD,â said Jim Ferrell, VP Product Management for Insurance Technologies. âWe are excited about the value this provides to our FireLightÂ® platform and the entire industry.â