Atlanta-based S1 Corp. has released a new version of S1 Insurance, a customizable front-end to legacy systems. The new version, called S1 Insurance 5.3, enables carriers to expand online servicing of life and annuity policies and add Web-based insurance quoting and sales across both life and property/casualty lines. Version 5.3 also includes comprehensive multicurrency and multilanguage capabilities for international customers.The Bisys Group Inc., a New York-based provider of business process outsourcing solutions for the financial services sector, launched a unique, private-labeled variable universal life insurance product called EPVUL. Offered by The Manufacturer's Life Insurance Company of America, a subsidiary of Canadian-based Manulife Financial, EPVUL is planned for distribution by ManEquity Inc. or other broker-dealers appointed by ManEquity Inc. exclusively through the producers participating in the Bisys Exceptional Producer Program.
CCC Information Services Inc., Chicago, has released QAAR Plus version 1.2, an enhanced audit tool that integrates with CCC's Pathways Appraisal Quality Solution and combines with Pathways Quality Advisor (PQA), a reinspection workflow software and decision support information tool. With QAAR Plus, estimates are evaluated line-by-line against a set of rules established by the insurance company, rather than by the system. Using QAAR Writer, a tool integrated in QAAR Plus, users create and edit an unlimited number of reinspection rules in nontechnical language.
San Diego-based ConfirmNet Corp. released a seamless interface between CertificatesNow, its Web-based certificate of insurance process, and Infinity, ebix.com's agency management system. Developed jointly with Agency Information Management Services Inc., Buffalo Grove, Ill., the AimLink-CN interface enables users to perform all certificate-related activities-from entering and modifying certificate holder to mass-producing renewal certificates-through CertificatesNow. Agencies also gain additional functionality, including electronic certificate delivery and storage, batch renewal processing, insured self-service and certificate information analysis.
OpenNetwork Technologies Inc., a Clearwater, Fla.-based developer of Web single sign-on and access control security software, has developed DirectorySmart TransactionShield to provide enhanced transaction security for Microsoft BizTalk Accelerator for HIPAA. Using the product, companies can comply with HIPAA transaction management requirements, which must be met by all healthcare organizations by October 2002. The product ensures that only people who have been approved are viewing transaction information.
InSystems Technologies Inc., Toronto, released InSystems Calligo E-Delivery, an application that produces personalized documents in customer-preferred formats and delivers them through multiple channels. Calligo E-Delivery uses InSystems' Calligo document assembly technology to create documents, enabling Calligo users to leverage their existing libraries of model documents. E-Delivery can also save and retrieve files to and from InSystems Calligo Enterprise, enabling users to access and view documents in a secure Internet environment.
DWL Inc., a Toronto-based provider of enterprise customer management applications, released a new version of DWL Customer, which provides a single location for customer data spread across multiple back-office and traditional customer relationship management systems. DWL Customer-which was developed in with financial services companies, including MetLife-enables brokers, agents, customer service representatives and consumers to view a customer's complete portfolio. The application manages customer information, transaction history, interaction history, customer product roles and pending changes to customer information across multiple lines of business.
Windsor, Conn.-based AMS Services Inc. is discontinuing TowerStreet, a hosted point-of-sale system for insurance processing. The decision resulted from challenging economic conditions expected for the next several months, coupled with the need to introduce new products quickly, according to Euan Menzies, CEO of AMS Holding Group. The focus for the AMS rating business and its resources is on development and delivery of Windows-based desktop rating solutions, according to the company. AMS plans to leverage technology and data service developed during the TowerStreet effort within other products and services. TowerStreet customers will be contacted and presented with options for other rating services, including the Windows-based systems.
Snowbound Software Corp., Newton, Mass., released STORM, a product that enables document imaging over the Internet. Designed to work in conjunction with popular Web-based application servers, such as BEA's WebLogic and IBM's WebSphere, STORM is Enterprise Java Bean-compliant, enabling cross-platform storage and retrieval of images, e-mail, letters, records, spreadsheets, and other documents.
Pearl River, N.Y.-based ACORD has released version 2001.1 of the Joint Venture (JV) XML Standards for Reinsurance and Large Commercial Insurance. The new version is based on extensive pilot testing of the earlier version 1.0, which was released in June 2000. In the new version, transaction structures are simplified and XML designs are optimized to enable interfaces to be incorporated efficiently into a company's internal systems. JV Standards have been developed for all parts of the business cycle, from placement through accounting, claims and settlement.
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