Acordia to Offer CoverageConnect Web-Based Insurance Technology.Business Editors & High-Tech Writers CHICAGO--(BUSINESS WIRE)--Nov. 14, 2000 Acordia, Inc. has signed an agreement with CoverageConnect, a New York-based e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. company, to utilize CoverageConnect web-based insurance diagnostic, quoting and binding application software. "We will work closely with our insurance market partners while implementing this technology," said Charles L. Ruoff, senior vice president and chief marketing officer of Acordia. "CoverageConnect technology will allow Acordia to provide its small commercial insurance accounts desired consultative selling Consultative selling emphasizes customer needs and meeting those needs with solutions combining products and/or services. A consultative salesperson typically provides detailed instruction or advice on which solution best meets these needs. which may have been previously associated with larger commercial accounts." The risk management diagnostics (1) Software routines that test hardware components (memory, keyboard, disks, etc.). Diagnostics are often stored in ROM chips and activated on startup. (2) Error messages in a programmer's source code that refer to statements or syntax that the compiler or assembler built by CoverageConnect will also give Acordia brokers the ability to provide cost-efficient consultative services to all clients, especially those smaller commercial accounts in secondary market cities. Acordia will also have the ability to quote and bind accounts on a single visit through the CoverageConnect technology, which delivers the efficiency needed to improve and maintain a profitable business. "CoverageConnect has developed an intelligent solution for insurance professionals that allows them to provide better service to small business customers at lower per-transaction cost," said Patrick Sullivan, president of CoverageConnect. "Acordia's selection of CoverageConnect validates our belief that we have created cutting edge technology that addresses the real need to handle small business insurance effectively. We are very pleased to be working with Acordia, a true market leader, in providing this important insurance technology solution." Acordia, Inc., headquartered in Chicago, Illinois Illinois, river, United States Illinois, river, 273 mi (439 km) long, formed by the confluence of the Des Plaines and Kankakee rivers, NE Ill., and flowing SW to the Mississippi at Grafton, Ill. It is an important commercial and recreational waterway. , is "America's Local Insurance Broker," with more than 100 offices in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Its 3,800 insurance professionals place more than $3.5 billion of risk premiums with expertise in property, casualty, life, and benefits. CoverageConnect, Inc., headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York, was founded in November 1999 to provide Web-based insurance technology solutions to agents, brokers, affinity groups A special interest group. This is a marketing term for a group of people with similar interests. and financial institutions. |
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