The Phoenix Companies, Inc. Go Live with the AdminServer Policy Administration System.J2EE (Java 2 Platform, Enterprise Edition) A platform from Sun for building distributed enterprise applications. J2EE services are performed in the middle tier between the user's machine and the enterprise's databases and legacy information systems. version of the AdminServer System in use for Phoenix life products CHESTER Chester, city and district, England Chester, city (1991 pop. 80,154) and district, Cheshire, W central England, on a sandstone height above the Dee River. It is a railroad junction. Manufactures include electrical equipment, paint, and window panes. , Pa. -- AdminServer, Inc. announced today that The Phoenix Companies, Inc. (NYSE NYSE See: New York Stock Exchange : PNX) is in production with the J2EE version of the AdminServer Policy Administration System for administration of the insurer's new life products. The administration system implementation was launched in conjunction with an enterprise ESB (Enterprise Services Bus) A message broker that supports Web services. See message broker, messaging middleware and Web services. SOA (1) (Start Of Authority) The first record in a DNS zone file. See DNS records. (2) (Service Oriented Architecture) The modularization of business functions for greater flexibility and reusability. initiative. With the AdminServer Policy Administration System now in production, Phoenix is able to introduce new products to the marketplace in a more timely, efficient, and cost effective manner. As a leading manufacturer of products for affluent and high net worth consumers, Phoenix understands the need for a production proven, next generation technology platform. Phoenix leveraged the AdminServer technology and the system's 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. business rules engine to create an operating environment In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. that allows for greater control in processing and innovative product design. "We are pleased with the flexibility that AdminServer offers us in both product design and our processes. With this system in place, we are well positioned to maintain our competitive advantage in an increasingly demanding and changing marketplace," said Gina O'Connell, Senior Vice President, Life and Annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. Planning, at Phoenix. "AdminServer appreciated the opportunity to work with the Phoenix team on this implementation," commented Kevin Walma, AdminServer's Chief Information Officer. "The Phoenix staff was knowledgeable about their products and processes and very interested in learning the AdminServer System and how it could enhance their productivity. Their knowledge and eagerness to learn were key to the project's success. We look forward to continuing our work with Phoenix as they add more products to the production environment." About The Phoenix Companies, Inc. With roots dating to 1851, The Phoenix Companies, Inc. (NYSE:PNX) helps individuals and institutions solve their often highly complex personal financial and business planning needs through its broad array of life insurance, annuities and investments. The company's products and services reflect deep insights into the wants and needs of consumers and financial professionals gleaned from research, including its Phoenix Wealth Survey, conducted annually since 1999. Phoenix has been recognized for its people-friendly programs by Working Mother magazine, the National Association of Female Executives and The Princeton Review. In 2005, Phoenix had annual revenues of $2.6 billion and total assets of $27.7 billion. For more information, visit www.phoenixwm.com. About AdminServer, Inc. AdminServer, Inc. is a premier solutions provider for the insurance community, delivering administrative system solutions, services, and consulting since 1998. Currently AdminServer offers the only life insurance, annuity, health, and 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. administration system designed specifically as a web application employing J2EE and .NET strategies and technologies. Additionally, AdminServer has expanded their product offerings to include UVServer (unit value management and fund accounting), IllustrationServer (point of sale illustrations), NewBusinessServer (new business 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. ) and DistributionServer (license and appointment and commissions). To learn more about AdminServer products and services, call 610-619-3100, e-mail info@adminserver.com, or visit the website at www.AdminServer.com. |
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