EMC Insurance Companies Deploys Mercator Web Services to Automate Insurance Claims.Business Editors/High-Tech Writers WILTON, Conn.--(BUSINESS WIRE)--Nov. 12, 2002 Leading Property & Casualty Company Expands Use of Mercator Technology to Streamline Processes, Reduce Costs for Trading Partners Mercator Software, Inc. (Nasdaq: MCTR MCTR Missile Technology Control Regime mCTR Murine Calcitonin Receptor MCTR Medical Center for Translational Research (Osaka University Hospital, Japan) MCTR Mackinac Transportation Company ), today announced that EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. Insurance Companies is deploying Mercator 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. in conjunction with Mercator(R) Integration Broker technology to help it streamline business processes and reduce costs. With assets over $2.4 billion, EMC Insurance Companies market property, casualty and life insurance products on a U.S. multi-regional basis with emphasis in the Midwest. EMC Insurance Companies will initially be leveraging Mercator(R) Web services to speed the delivery of timely coverage information to Alliance Claims Solutions, one of the insurer's largest trading partners. "In the past, we had to send Alliance Claims Solutions our entire database of policy information to confirm a single client's coverage and deductible before processing a claim," stated Richard L. Gass, Vice President of Information Systems at EMC Insurance Companies. "It was a costly and time-consuming process, and we would have to resend the database every time a policy was renewed or a new customer was added to the database. "With Mercator Web services and Integration Broker technology," said Gass, "Alliance Claims Solutions simply makes an 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. query to our database and the system instantly sends back an answer confirming the coverage and the deductible. It's fast, efficient and less costly." EMC Insurance Companies plans to expand its use of Mercator to other trading partners. In Phase Two of its deployment, EMC Insurance Companies will use Mercator(R) Integration Broker technology to automate its invoicing, remittance and payments processes. Commenting on EMC Insurance Companies' choice of Mercator, Mark Register, Mercator President of Field Operations, stated: "This is a terrific example of an organization fully exploiting Mercator's versatility and flexibility. In February 2002, EMC Insurance Companies successfully tested the P&C/Surety XML Version 1.1 of the 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) Standard in a pilot program using the Mercator(R) ACORD Web Services Solution. Thanks to the success of that program, EMC Insurance Companies has expanded its use of Mercator technology, to help it further streamline processes and increase productivity." ACORD, the Association for Cooperative Operations Research operations research Application of scientific methods to management and administration of military, government, commercial, and industrial systems. It began during World War II in Britain when teams of scientists worked with the Royal Air Force to improve radar detection of and Development, is the insurance industry's nonprofit standards developer, a resource for information about 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. , XML and electronic commerce 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 abroad. Mercator's ACORD Web Services Solution is a standards-based application for connecting an insurer's back-end claims adjudication The legal process of resolving a dispute. The formal giving or pronouncing of a judgment or decree in a court proceeding; also the judgment or decision given. The entry of a decree by a court in respect to the parties in a case. , enrollment, eligibility and policy systems with business partners. It allows organizations to connect to their partners - agents, policyholders, first call centers, repair centers or re-insurance partners - via the Internet. It also includes a SOAP adapter, WSDL (Web Services Description Language) An XML-based language for defining Web services. Developed by Microsoft and IBM, WSDL describes the protocols and formats used by the service. importer and examples and documentation that enable rapid implementation. About EMC Insurance Companies With assets over $2.4 billion, EMC Insurance Companies market property, casualty and life insurance products on a U.S. multi-regional basis with emphasis in the Midwest. Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. contracts are written worldwide. In 2001 written premium for the property and casualty companies and the reinsurance company was more than $925,000,000. Headquarters are located in Des Moines, Iowa “Des Moines” redirects here. For other uses, see Des Moines (disambiguation). Des Moines (pronounced /dɪˈmɔɪn/ in English, . Countrywide EMC Insurance Companies employ more than 2,000 people. Additional information about EMC Insurance Companies may be found at www.emcinsurance.com. About Mercator Software, Inc. Mercator provides leading enterprise-wide integration software solutions to global organizations. Our solutions solve critical business problems in real time, delivering ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). while leveraging your business's current technology investment. The Mercator(R) integration suite of solutions leverages a robust, open architecture that easily and seamlessly integrates high-volume, highly complex transactions faster and with limited customization. Over 1,100 businesses in 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. , healthcare, and manufacturing, retail and distribution use Mercator(R) solutions to enhance their performance and deliver better business value and real-time results. For more information about Mercator or to learn more about our customer-focused software and services solutions, visit our Web site at www.mercator.com. Copyright (C) 2002 Mercator Software, Inc. All rights reserved. Mercator is a registered trademark of Mercator Software, Inc. All other trademarks are owned by their respective owners. Legal Notice Regarding Forward-Looking Statements Statements in this press release that are not purely historical are forward-looking statements, including statements regarding Mercator Software's beliefs, expectations, hopes or intentions regarding the future. Forward-looking statements in this release include, but are not limited to, statements regarding the growth of the enterprise application market, the demand for the company's application integration solutions and the speed of deployment of new products, including combined Mercator e-business integration broker products. It is important to note that actual outcomes and the company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as changes in demand for application integration or e-business integration software and the company's Mercator e-business integration broker suite of products in particular, the ability of the company to expand its international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. , the ability of the company to manage expanded global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. , the ability of the company to continue to add resellers and other distribution channels, and the success of third parties in utilizing and marketing the company's products, the Company's ability to raise financing, or seasonality in operating results. Readers should also refer to the risk disclosures outlined in the company's reports filed with the Securities and Exchange Commission. All forward-looking statements and reasons why results might differ included in this release are made as of the date hereof, based on information available to the company as of the date hereof, and the company assumes no obligation to update any such forward-looking statement or reasons why results might differ. |
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