AdminServer Announces Immediate Availability of Support for ACORD/NAVA PPfA Standard.Business Editors/High Tech Writers NEW YORK--(BUSINESS WIRE)--Oct. 7, 2002 AdminServer demonstrates ProfileServer, a system for automated product profiling based on ACORD ACORD Association for Cooperative Operations, Research and Development ACORD Agency for Cooperation and Research in Development ACORD Association de Coopération et de Recherche pour le Développement (French) and NAVA's jointly developed XML based PPfA standard Today, at the NAVA NAVA National Association for the Visual Arts NAVA National Association for Variable Annuities NAVA Navajo National Monument (US National Park Service) NAVA North American Vexillological Association 11th Annual Conference 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 , AdminServer.com, Inc., announced the immediate availability of ProfileServer for AdminServer's policy/contract administration systems. ProfileServer is a system for automated product profiling and fully supports the PPfA (Product Profile for Annuities) Standards defined by ACORD and NAVA. ProfileServer is included with all AdminServer insurance administration systems. Support for PPfA demonstrates AdminServer's continued market leadership in offering the insurance industry's most complete annuity and life processing -- from Illustrations to Policy Administration to Payout - from a single system utilizing the same calculation engine for the life of the policy. Demonstrations of AdminServer's ProfileServer are available during the NAVA Conference at AdminServer's Booth #80. "We applaud the leadership demonstrated and standards resulting from the cooperative effort between NAVA and ACORD", stated Ric Young, AdminServer's Chief Marketing Officer. "The AdminServer system was designed and developed based on ACORD XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. standards, so implementing the new PPfA standards was just a natural step for us. AdminServer is fully committed (Law) committed to prison for trial, in distinction from being detained for examination. See also: Fully to continuing support of all future Product Profiling ACORD standards as they are defined for additional lines of business." Ron Dudley, Vice President of Standards with ACORD, commented, "Vendors, like AdminServer, who build systems based on ACORD standards understand the diverse and continually changing business needs of the insurance industry and work to satisfy those needs. We appreciate AdminServer's commitment to the ACORD standards and their contribution to our ongoing standards development efforts." About AdminServer, Inc. AdminServer, Inc. is a premier solutions provider for the insurance community. AdminServer has been delivering administrative system solutions, web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. , and consulting since 1998. Today AdminServer specializes in fixed and variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. , pensions, immediate annuities immediate annuity An annuity that is purchased with a lump sum and that begins making payments one period after the purchase. Immediate annuities are most commonly purchased by people who have accumulated a sum of money and are ready for retirement. and life insurance; and currently offers the only life insurance and administration system designed specifically as a web application employing Microsoft's .NET strategy and technologies. To learn more about AdminServer products and services, please call 610-578-0112, e-mail Ric Young (ricy@AdminServer.com), or visit the website at www.AdminServer.com. |
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