Baltimore Life Successfully Converts to ID3 System from Fiserv NDP.
The Fiserv NDP unit of Fiserv, Inc. (NASDAQ:FISV) announced today that the Baltimore Life Insurance Co., Baltimore, Maryland, is in live production - more than a month early - with the ID3 insurance administration system.
The project plan originally provided for a November 1, 1999, production date. Based on the project team's ability to meet critical milestones early in the project, Baltimore Life announced earlier this year that the production date would be moved up to September 1999.
"Throughout the course of this project, our Baltimore Life-Fiserv NDP project team has been operating under extremely aggressive deadlines - numerous intermediate objectives, as well as the ultimate objective of going live on schedule," said Tim Bauer, Project Manager at Baltimore Life. "Working together as a team, we met those deadlines.
"Today is a day to feel a tremendous sense of accomplishment and pride in a job well done," Bauer added. "We look forward to many years of a mutually beneficial relationship between two quality organizations."
Bauer said nearly 420,000 policies - a mixture of traditional life, universal life and annuities - were converted to the ID3 system from the two previous administration systems.
The ID3 product is the principal software system of Fiserv NDP and represents a proven solution currently used for a broad spectrum of life, health and annuity products throughout the insurance industry. The ID3 system's technical architecture incorporates a relational data model, reusable program logic and advanced tools.
"We based our choice of vendor on system functionality and the Fiserv NDP reputation for service," said John Pearson, Baltimore Life President. "The ID3 system's integrated and highly flexible software, along with the power of the IBM AS/400 computer, will enable us to bring sophisticated new products to market, and that supports our strategic goal of rapid growth in sales."
Fiserv NDP, located on the Internet at www.ndp.com, is a computer software, services and outsourcing provider serving the needs of the life, annuity and health insurance industries. Based in Cedar Rapids, Iowa, with offices in Memphis, Tennessee; Austin, Texas; and Des Moines, Iowa, the company was formed in 1956 and currently employs more than 160 insurance professionals and software technicians.
Fiserv, Inc. (NASDAQ:FISV) is an independent, full-service provider of integrated data processing and information management systems to the financial industry. As a leading technology resource, Fiserv serves approximately 10,000 financial service providers worldwide, including banks, broker/dealers, credit unions, financial planners/investment advisers, insurance companies, mortgage banks and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv also can be found on the World Wide Web at www.fiserv.com.
NOTE TO EDITORS: The name 'ID3 System' should appear with the numeral '3' superscripted.
|Printer friendly Cite/link Email Feedback|
|Date:||Sep 28, 1999|
|Previous Article:||Enigma's INSIGHT e-Publishing Solution Selected by HP.|
|Next Article:||NetFlix.com Transforms DVD Business Eliminating Late Fees and Due Dates From Movie Rentals; NetFlix.com's New Marquee Program Creates Near...|