AdminServer honored with two ACORD Awards; AdminServer recognized by ACORD with ``Early Adopter'' and ``Certification'' Awards.Business Editors MALVERN, Pa.--(BUSINESS WIRE)--May 28, 2003 AdminServer, Inc., a premier software solution provider to the annuity and life insurance industry, today announced that they have received two (2) 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) Standards Awards, presented at the ACORD (The Association of Cooperative Operations Research operations research Application of scientific methods to management and administration of military, government, commercial, and industrial systems. It began during World War II in Britain when teams of scientists worked with the Royal Air Force to improve radar detection of and Development) Annual Conference in Orlando. AdminServer has been recognized by ACORD for their achievements in implementation of ACORD standards with an "Early Adopter Award" for AdminServer's MONY MONY Mutual of New York (Insurance - Syracuse, NY) Life Insurance Company implementation. In addition, AdminServer received an ACORD "Certification Award", demonstrating their ongoing commitment to the ACORD standards. "We're very pleased to recognize AdminServer with these awards as they continue to be an industry leader in delivering technology solutions that improve the ease of doing business for their trading partners," said Ron Dudley, vice president, standards, ACORD. Ric Young, AdminServer's Chief Marketing Officer, commented, "We greatly appreciate ACORD's recognition of both our achievement and commitment relative to ACORD standards. ACORD has clearly taken the lead in defining, promoting and implementing insurance industry standards with the objective of enabling ease of integration and communication throughout our industry. We look forward to our continued development based on 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 and furthering our invaluable relationship with the ACORD organization, both of which will only enable us to better serve our clients." About the ACORD Awards The Early Adopter Award is given to an organization who has implemented in production transactions which are recently submitted and voted into the ACORD XML Standards. The Certification Award is presented to those companies keeping their systems synchronized syn·chro·nize v. syn·chro·nized, syn·chro·niz·ing, syn·chro·niz·es v.intr. 1. To occur at the same time; be simultaneous. 2. To operate in unison. v.tr. 1. with the latest release of standards defined by ACORD. 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 972.715.2028, e-mail Ric Young (ricy@AdminServer.com), or visit the website at www.AdminServer.com. |
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