Reston, Va.-based National Association for Variable Annuities (NAVA) and Pearl River, N.Y.-based ACORD are collaborating to develop XML-based standards for the annuity industry. The specifics call for NAVA to coordinate and develop requirements and priorities for annuity standards through its technology committee, which will make its findings available to ACORD for inclusion in its standards-setting processes.StatementOne, an enterprise financial data consolidation and performance reporting company based in Lawrenceville, N.J., has formed a strategic alliance with E-Z Data Inc., Pasadena, Calif. Through the alliance, the companies will incorporate data collected via StatementOne's system into the data management capabilities of E-Z Data's Enterprise CRM Platform.
Insurance Technologies, Colorado Springs, Colo., and Computer Sciences Corp. (CSC), El Segundo, Calif., have integrated CSC's Visual Product Modeling System (VP/MS) with Insurance Technologies' ForeSight point-of-sale management system. VP/MS enables carriers to share common calculations between administration and illustration systems. ForeSight is a multichannel desktop, Internet and wireless system that integrates various steps in the sales process, from needs analysis to application generation.
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