Carriers Sign With Connective Technologies to Implement TEAM-UP Solution.Business/Technology Editors HOUSTON--(BUSINESS WIRE)--May 30, 2002 Connective connective - An operator used in logic to combine two logical formulas. See first order logic. Technologies, Inc., a Houston based eCommerce solution provider to the insurance industry, today announced two new implementation contracts for the TEAM-UP TEAM-UP Test, Evaluation, Analysis and Management Uniformity Plan Solution which provides affordable upload from all agency management systems. TEAM-UP is a robust, cost effective, and component based solution, which allows carriers to upload agency management data directly into their infrastructure where company unique editing and underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. processes are integrated. Agents interact with their uploaded data to complete any number of processes including quoting, binding, and loss reporting. Because TEAM-UP integrates with a carrier's existing technology modules, implementation time is significantly shortened short·en v. short·ened, short·en·ing, short·ens v.tr. 1. To make short or shorter. 2. , and carriers receive an immediate return on investment. "Carriers are embracing TEAM-UP as the most efficient solution in the marketplace. While other upload providers require maintenance of multiple channels, translation modules, and transaction charges, the TEAM-UP solution provides carriers with the ability to deliver their eCommerce solution from within their own infrastructure leveraging the full capabilities of the Internet. TEAM-UP is the only solution that supports a single point of entry for all of their trading partners without the requirement for click charges or agency maintenance," states Lynda Stevens, AVP AVP arginine vasopressin. of Sales & Marketing at Connective. TEAM-UP was introduced to the market in March 2002 and has gained significant traction Traction Definition Traction is the use of a pulling force to treat muscle and skeleton disorders. Purpose Traction is usually applied to the arms and legs, the neck, the backbone, or the pelvis. with carriers. The full implementation of the solution is estimated to take between 4 to 6 weeks depending on the availability of existing carrier components. The carriers engaged in implementation are scheduled to go live during Q3 of 2002. About Connective Technologies, Inc. Connective Technologies, Inc. is a leading provider of business solutions for the property and casualty insurance industry. Connective Solutions provides eCommerce products and services utilizing EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. , Web, Workflow, and Expert Underwriting objects that provide the ability to rate, quote, bind, issue, and print in less than 8 minutes. Engaging Connective Services, Connective Toolkit and the Client Support Facility delivers greater underwriting control, improved speed to market for new products, increased capacity for existing products, and meaningful cost savings through process automation to both carriers and brokers for all major property and casualty lines. To learn more about CTI (Computer Telephone Integration) Combining data with voice systems in order to enhance telephone services. For example, automatic number identification (ANI) allows a caller's records to be retrieved from the database while the call is routed to the appropriate party. products and services, contact Lynda Stevens @ 781.369.1150 or lstevens@connective-edi.com |
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