Las Vegas, NV – May 22, 2006 – ACORD once again recognized Applied Systems� longstanding commitment to industry standards by naming the insurance technology company Vendor of the Year for Download and Upload. Applied Systems garnered nine awards-more than any other recipient-at the 14 th annual ACORD Awards ceremony held yesterday during the ACORD LOMA Insurance Systems Forum in Las Vegas, NV.
This marks Applied Systems� 13 th consecutive annual ACORD award for download and the 12 th consecutive award for Upload. In addition, Applied Systems accepted awards for:
AL3/XML Data Transformation
Industry Leadership for Improved Commercial Lines Download
Business Integration Enabler-External
Industry Leadership for Straight-Through Processing
Shared Services Provider
�I am extremely proud of Applied Systems� accomplishments and steadfast commitment to ACORD industry standards,� said Doug Johnston, Applied Systems Executive Vice President of Interface Services. �As the value of comparative rating continues to rapidly decline within independent agencies, agency rating workflows are growing ever more complex. The ACORD standards and the technologies represented in these awards play a critically important role in efficiently connecting agencies and companies for shared policy pricing and transactions.�
Denise Garth, ACORD Vice President of Membership and Standards, said: �Over the past year, we have seen many of our members working diligently on enhancing, implementing, and advocating standards. This is our opportunity to thank Applied Systems and recognize your accomplishments, hard work, and dedication to ACORD and the spread of data standards.�
About Applied Systems
Applied Systems is the leading provider of automated solutions for the property and casualty insurance industry. Since 1983, the company has developed solutions for independent insurance agents, brokers, managing general agents, and insurance companies, as well as banks and other financial institutions with insurance operations. Applied Systems has partnered with more than 10,000 insurance organizations to achieve new levels of success using its premier agency management systems, The Agency Manager (TAM) ® and the The Agency Manager ® Vision Series�. Applied Systems leads the industry in agency/carrier real-time and batch communication solutions. The company automates insurance transactions at every distribution level from consumer through carrier, also providing technical support and professional services to maximize customers� return on investment. For information, visit www.appliedsystems.com.
ACORD (Association for Cooperative Operations Research and Development) is a global, nonprofit insurance association that facilitates the development and use of standards for the insurance, reinsurance, and related financial services industries. ACORD accomplishes its mission by remaining an objective, independent advocate for sharing information among diverse platforms. ACORD standards and services improve efficiency and expand market reach. ACORD affiliates are hundreds of insurance and einsurance companies, as well as thousands of agents and brokers, related financial services organizations, solution providers, and industry organizations worldwide. ACORD maintains headquarters in Pearl River, New York, and offices in London, England. For information, visit www.acord.org.