Genesis Development To Create Insurance Component Framework; Integrates ACORD, OMG and IBM insurance standards with commercial application server technologies.WEST CHESTER, Pa.--(BUSINESS WIRE)--Aug. 3, 1999-- Genesis Development(R) Corporation, a leading professional services organization specializing in enterprise component strategies and solutions, today announced that it is developing a framework of software components specifically suited for the insurance property & casualty marketplace. The component framework, referred to as JFI JFI Journal of Forensic Identification JFI Judicial Family Institute JFI Journal of the Franklin Institute JFI Joint Fires Initiative JFI Jet Flight Information JFI Jam Functionality Interface (TM) (pronounced "jiffy"), is based on Enterprise JavaBeans(TM) and integrates the standards of ACORD's ObjX(TM), OMG's CORBA (Common Object Request Broker Architecture) A software-based interface from the Object Management Group (OMG) that allows software modules (objects) to communicate with each other no matter where they are located on a private network or the global (TM) and IBM's Insurance Application Architecture (IAA IAA abbr. indoleacetic acid Noun 1. IAA - a plant hormone promoting elongation of stems and roots indoleacetic acid auxin - a plant hormone that promotes root formation and bud growth 2. ). JFI(TM) is designed to address the industry demand for rapidly deployable, customizable e-commerce and enterprise business-to-business solutions for the insurance sector. JFI(TM) will be hosted on well-known, highly scalable commercial application servers using EJB (Enterprise JavaBeans) A software component in Sun's J2EE platform, which provides a pure Java environment for developing and running distributed applications. EJBs are written as software modules that contain the business logic of the application. and CORBA. This will allow insurance companies the freedom to select the commercial off-the-shelf application server required for their overall corporate needs. The resulting components are designed to be reusable across multiple applications within the insurer organization. Genesis will additionally provide the complete suite of enterprise architecture, business component modeling and development services in support of JFI(TM) and other insurance initiatives. "Genesis' commitment to the insurance industry has never been stronger," said Jason Matthews, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Genesis Development(R). He added, "Our development of this component framework, a sort of "Insurance Application Server," is a demonstration of our commitment to the industry and our willingness to work closely with leading vendors, standards making organizations and insurers." Most recently, Genesis has collaborated with Sun Microsystems and 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) to define Java-based standards in support of the insurance industry. Genesis also holds seats on the OMG (1) See Object Management Group. (2) "Oh my God!" See digispeak. OMG - Object Management Group Board of Directors and the OMG Architecture Board and has participated in the development of many key OMG standards. "Genesis will license the core components to vendors for distribution and support,." said Viktor Ohnjec, Genesis' VP of Global Services for Insurance. Mr. Ohnjec added, " Genesis does not plan direct sales or distribution of these components.. We are a professional services organization with a long and successful history providing component based solutions to the insurance industry. Our decision to develop pre-built components reflects our commitment to leverage our expertise by continuing to deliver solutions that provide significant business value to the insurance sector." The initial release of JFI(TM) will provide standards integration and key business functionality for an Internet-based Automobile Rate Quoting System. JFI(TM) will provide the ability for an insurer to rapidly integrate existing back-end rating engines and key business logic with components, while using highly scalable enterprise application servers to support thousands of concurrent transactions per second In a very generic sense, the term Transactions Per Second refers to the number of atomic actions performed by certain entity per second. In a more restrictied view, the term is usually used by DBMS vendor and user community to refer to the number of database transactions performed . The initial release of JFI(TM) is scheduled in Q4, 1999. About Genesis Development Corporation Genesis Development is a worldwide professional services consulting and software development organization specializing in enterprise component strategies and solutions. Genesis has long been recognized as a leader in the effective use of large-scale, component-based software solutions employing CORBA, Java and DCOM (Distributed Component Object Model) Formerly Network OLE, it is Microsoft's technology for distributed objects. DCOM is based on COM, Microsoft's component software architecture, which defines the object interfaces. . Genesis world headquarters are in West Chester, PA with additional offices in Austin, TX and Ivrea (TO), Italy. Genesis also hosts the Insurance Industry Architectural Prototype (IIAP IIAP ISS Independent Assessment Panel ) at http://www.iiap.net. Genesis Development(R) is a registered mark of and JFI(TM) is a trademark of Genesis Development(R) Corporation. All other marks are the property of their respective owners. |
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