Baltimore Life Successfully Converts to ID3 System from Fiserv NDP.CEDAR RAPIDS Cedar Rapids, city (1990 pop. 108,751), seat of Linn co., E central Iowa, on the Cedar River; inc. as a city 1856. The second largest city in Iowa, it is named for the surging rapids in the river. , Iowa--(BUSINESS WIRE)--Sept. 28, 1999--
The Fiserv NDP NDP New Democratic Party (Canada)
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in full National Association of Securities Dealers Automated Quotations
U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :FISV FISV Fiserv, Inc (stock symbol) ) 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 (database) relational data model - (Or "relational model") A data model introduced by E.F. Codd in 1970, particularly well suited for business data management. In this model, data are organised in tables. The set of names of the columns is called the "schema" of the table. , 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 (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) 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 “Des Moines” redirects here. For other uses, see Des Moines (disambiguation).
Des Moines (pronounced /dɪˈmɔɪn/ in English, , 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 Noun 1. integrated data processing - automatic data processing in which data acquisition and other stages or processing are integrated into a coherent system
automatic data processing, ADP - data processing by a computer 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 numeral, symbol denoting anumber. The symbol is a member of a family of marks, such as letters, figures, or words, which alone or in a group represent the members of a numeration system. '3' superscripted.