Baltimore Technologies Drives Insurance Sector Efficiencies with Kinnect.Business Editors/High-Tech Writers LONDON--(BUSINESS WIRE)--May 20, 2003 Baltimore SelectAccess(TM) controls online access to the new risk data processing platform for brokers and underwriters worldwide Baltimore Technologies Baltimore Technologies was an internet security firm founded in 1976 by Michael Purser. It was acquired in 1996 by a team financed by Dermot Desmond and led by Fran Rooney, who became CEO. (London: BLM BLM n abbr (US) (= Bureau of Land Management) → les domaines ), a global leader in e-security, today announced that Hewlett Packard has chosen Baltimore SelectAccess(TM) to provide web access control and authorisation for Kinnect, the new Lloyd's of London Not to be confused with Lloyds Bank or Lloyd's Register. Lloyd's of London is a British insurance market. It serves as a meeting place where multiple financial backers or “members”, whether individuals (traditionally known as sponsored initiative. Kinnect, previously operating as Project Blue Mountain, is a globally accessible and secure platform, which enables commercial lines insurance trading partners to communicate risk data electronically. SelectAccess controls the access rights and entitlements of insurance brokers and underwriters connected to the platform, enabling them to securely process risk data quickly and cost effectively. Using SelectAccess, individual brokers and underwriters authenticate (1) To verify (guarantee) the identity of a person or company. To ensure that the individual or organization is really who it says it is. See authentication and digital certificate. (2) To verify (guarantee) that data has not been altered. themselves to the platform and gain access to specific resources based on their individual rights and entitlements. The system provides unique personalised Adj. 1. personalised - made for or directed or adjusted to a particular individual; "personalized luggage"; "personalized advice" individualised, individualized, personalized web-based services for each user across the global insurance sector. The main benefit of the system is the elimination of lengthy paper-based processes in using a secure web environment, whereby all risk data is sent and approved electronically. The Kinnect Platform ultimately improves the global insurance sector's time and cost efficiencies by reducing transaction time, administration costs and enabling improved control. "Improving efficiency through technology is a key driver of the Kinnect project," said Phil Bungey, CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. of Kinnect. "As we roll out the brand and start implementation, partnerships with Baltimore Technologies and HP are important to ensure a fully secure platform over which insurance brokers and underwriters can transfer data electronically." Major insurers have already signalled their intention to use this powerful platform. International insurance brokers Marsh and Willis and four major London-based insurers, ACE European Group, Amlin, Beazley and Wellington, recently announced that they are the first to sign letters of intent to use Kinnect. "HP selected Baltimore Technologies for their demonstration of leadership in financial e-security," said Niven Payne, Insurance Practice Principle for HP Consulting and Integration. "Baltimore's broad based platform support, standards based architecture and capability to reduce costs through SelectAccess deployment has further helped HP to deliver an open, adaptive and secure infrastructure platform to Kinnect." "We are delighted to be working with HP to enable Kinnect meet its objectives of efficient, fast transfer of risk data via a secure platform," said Patrick Jourdas, Senior Vice President, EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. Operations of Baltimore Technologies. "This project further confirms Baltimore's leadership in the 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. industry as well as our ability to securely enable web access control and authorisation in distributed business environments. We look forward to our continued co-operation with HP as a valued partner." Baltimore SelectAccess represents the next generation in web access and authorisation technology. Its rich feature set allows customers to both significantly reduce the total cost of ownership (TCO (1) (Total Cost of Ownership) The cost of using a computer. It includes the cost of the hardware, software and upgrades as well as the cost of the inhouse staff and/or consultants that provide training and technical support. See ROI. ) as well as achieve real cost savings in terms of implementation. Built from the ground up in 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. and with a unique matrix-style interface, SelectAccess' key competitive advantages are speed of deployment, ease of use and reduced cost of implementation and ongoing maintenance. 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. further facilitates ease of use by granting the end-user access to multiple applications from one interface. In addition, the use of both digital signatures as an integrated feature of Baltimore SelectAccess and a unique Secure Audit Server ensures that this is the most secure web access control and authorisation product available today. About Kinnect Kinnect is an international venture, sponsored by Lloyd's. It enables commercial lines trading partners to communicate risk data electronically for quicker and higher quality business completion, greater productivity and profit via an adaptable, accessible and secure platform. Kinnect began in December 2001, operating under the project title of Blue Mountain. Kinnect currently operates in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and United Kingdom. For more information on Kinnect please visit www.kinnect.com. About Baltimore Technologies Baltimore Technologies' products, services and solutions address the fundamental security needs of e-business in distributed environments. Baltimore's e-security technology enables companies to verify the identity of electronic counterparties and securely manages which resources and information users can access through open networks. Many of the world's leading organisations in Finance and Government have deployed Baltimore's e-security technology to enable e-business over fixed and wireless networks. Baltimore also offers worldwide support for its authorization management and public key-based authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. products. Baltimore's products, services and solutions are sold directly as well as through its worldwide partner network, Baltimore TrustedWorld(TM). Baltimore Technologies is a public company, listed on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. (BLM). For more information on Baltimore Technologies, please visit http://www.baltimore.com Media Contacts - Baltimore Technologies: Irene Dehaene Dan Chappell Baltimore Technologies Brands2Life Tel: +353 1 881 6407 +44 20 7386 6200 irene.dehaene@baltimore.com dan.chappell@brands2life.com Media Contacts - Kinnect: Louise Brown Louise Joy Brown (born July 25, 1978, in Oldham, Greater Manchester, England) was the world's first baby to be conceived by in vitro fertilisation, or IVF. Tel: + 44 (0) 207 327 5793 Louise.brown@lloyds.com Trademarks SelectAccess is a trademark of Baltimore Technologies plc. All other product names are trademarks or registered trademarks of their respective owners. Legal Disclaimer Certain statements that are not historical facts including certain statements made over the course of this document may be forward-looking in nature. Such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance and achievements of the Company to be materially different from any future results, performance or achievements implied by such forward-looking statements. |
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