Allfinanz Recognized by ACORD
May 2002Allfinanz?, a leading software developer for insurance and investment products distribution, has been recognized with the ACORD Certification Honoree Award and the ACORD/NAILBA/NAVA Implementer Award as a result of certification of its transactions for processing annuities and underwritten products new business.
The ACORD Certification Honoree Award has been awarded to Allfinanz in recognition of its implementation of ACORD XML for Life standards through xpertBridge, its software for submitting and servicing insurance and investment products from the sales professional or call center agent desktop or directly over the internet. ACORD XML for Life provides a means of sharing information seamlessly across the whole spectrum of insurance processing systems and across all facets of the various financial services distribution communities.
The ACORD/NAILBA/NAVA Implementer Award recognizes companies who have implemented ACORD standards for a particular business process in an effort to support ACORD partners representing distribution communities (specifically NAILBA and NAVA). Allfinanz has received this award in recognition of its implementation of the new "PPfA" (NAVA/ACORD XML product profile for annuities) standard, utilized in xpertBridge, and xpertProfiles, its offline application for building and maintaining product profiles for annuity, life and health products.
Mark Schwarzmann, CEO Allfinanz commented "These awards reaffirm our position as a market leader in the adoption of standards to create efficiencies in the distribution of insurance and investment products."