ACORD Membership Affirms Instec Commitment to Standards Press Releases | May 21, 2007

INSTEC’s use of industry standards recognized at ACORD LOMA Insurance System forum

INSTEC, announced that it has received two ACORD Accomplishment Awards: the Web Services Award and the Innovative Implementation Award. The awards were presented to INSTEC during a luncheon at the 2007 ACORD Loma Insurance Systems Forum in Orlando, Florida.

The awards recognize companies whose XML implementations have provided leadership in the way business is processed utilizing web services and ACORD messages through unique, exceptional or innovative methods. INSTEC received the awards based on two implementations including a web-portal project which utilized ACORD XML message pass-through, and a multi-vendor integration which was developed according to the Microsoft Insurance Value Chain (IVC) initiative, closely following ACORD standards.

INSTEC President, Ray Simon remarked, “Our mission is to consistently deliver policy administration solutions to best meet our customers’ P&C challenges. These awards are confirmation that our dependable software based on best practices and industry standards enable such consistency.”

“On behalf of ACORD, I congratulate INSTEC on their awards and for their commitment to the implementation of ACORD standards,” said Denise Garth, vice president, Membership and Standards.

About INSTEC

Founded in 1982, INSTEC provides carriers and MGAs with comprehensive “best-of-breed” rating and policy issuance software designed for the dynamic nature of Commercial Lines.  As a Microsoft Gold Certified Partner, INSTEC continues to demonstrate their expertise in Microsoft technologies and their commitment to deliver insurance software solutions that meet the high standards expected from software products developed for Microsoft platforms, including .NET.