BCF Technology and Allied Insurance Announce Implementation of Industry Leading Web Services for New Business Quoting.CHARLOTTE, N.C. -- BCF BCF Billion Cubic Feet BCF Bioconcentration Factor BCF British Chess Federation BCF British Coatings Federation BCF Breast Cancer Fund BCF Bank Credit Facility BCF Bulked Continuous Filament BCF British Cycling Federation BCF Boeing Converted Freighter Technology, Inc., a leading provider of 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. , integration & aggregation of data, competitive intelligence information, and single sign-on An identification system that lets users log into multiple Web sites on the Internet with one username and password. Single sign-on systems are also used within an enterprise, enabling users to access all authorized resources in the local network using the same username and password. technology solutions for insurance and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. announced today that Allied Insurance, a Nationwide company, has implemented the BCF Technology TRANSIT-Web Services (WS) platform for new business processing. Together, Allied and BCF have launched the Allied Integrated Quoting (AIQ AIQ Analytical Instrument Qualification AIQ Available in Quarters AIQ Action Internet Québec AIQ Allowance Item Quantity AIQ Analyst Interest Queue AIQ Algebraic Integer Quantization ) solution, which enables insurance agents to process a new business submission and receive a real-time quote from Allied, all in their normal workflow. The initial AIQ products include Business Owners Policy, Commercial Package Policy, and General Liability products in 27 states. Commercial Automobile, Commercial Property, and Workers Compensation are to follow. Features of the Allied Integrated Quoting (AIQ) solution include: --Integration of agency management system products that can send and receive 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) 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. --Integration of comparative rating products that can send and receive ACORD XML --Real-time data validation In computer science, data validation is the process of ensuring that a program operates on clean, correct and useful data. It uses routines, often called validation rules, that check for correctness or meaningfulness of data that are input to the system. and data gapping based on Allied's underwriting rules --Integration to 3rd party data providers, such as vehicle identification number and address validation --.NET architecture based on ACORD Standards Tim Streck, Underwriting Officer with Allied Insurance said, "We have to constantly look for ways to make doing business easy for our agency partners. With this implementation we will be offering a new and innovative approach which will complement our current business environment. The benefits of a reduction in dual entry, along with fast and easy access to current information will build upon our commitment to deliver On Your Side service to our agents and policyholders." Frederick Waite, President and COO of BCF commented, "Insurance carriers have been faced with developing multiple solutions in order to integrate with external distribution partners; which is costly and a maintenance challenge. BCF and Allied have proven that you can develop a single solution for all distributions partners/systems, lowering ongoing cost and the risk associated with disparate integrations. We are confident this is the first of many projects to come that will leverage the TRANSIT-WS platform's ability to successfully complete large scale Web Services projects." Fred Covely, Chief Executive Officer of BCF Technology added, "The Allied implementation demonstrates a new, more efficient workflow paradigm for new business and quoting applications originating from any agency management system. We believe this new approach will substantially improve the new business workflow in agencies that represent carriers using the BCF TRANSIT-WS solution. We continue to focus on driving down the cost of doing business by use of new and innovative web service and SOA (1) (Start Of Authority) The first record in a DNS zone file. See DNS records. (2) (Service Oriented Architecture) The modularization of business functions for greater flexibility and reusability. approaches, as demonstrated at Allied." About BCF Technology BCF Technology is a leading provider of web services, integration & aggregation of data, competitive intelligence information, and single sign-on technology solutions for the insurance and financial services sectors. For information about BCF's products and services, email fwaite@bcftech.com or visit our web site at www.bcftech.com. |
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