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| | Adobe and Itemfield Demonstrate Joint Solution for the Insurance Industry |
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date: May 23rd 2006 10:54
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ACORD XML Forms Integration Solution to Help Accelerate Adoption of ACORD Forms by Increasing Efficiency of Quotation, Application and Claims Processes
Adobe Systems Incorporated (Nasdaq:ADBE) and Itemfield today announced the availability of a jointly developed insurance solution that leverages ACORD XML to deliver straight through processing of insurance transactions. The new solution gives insurance carriers the ability to equip their agents and brokers with a fully compliant workflow for processing quotations, new business submissions and claims.
Demonstrated this week at the ACORD/LOMA Conference in Las Vegas, the ACORD XML forms integration solution combines a set of intelligent forms, process-specific business rules and data-transformation capabilities to automate data entry and processing of insurance forms. The solution combines Adobe® LiveCycle® Forms, Adobe LiveCycle Designer, Adobe LiveCycle Reader Extensions, Adobe LiveCycle Barcoded Forms software and Itemfield ContentMaster with the new ACORD Portable Document Format (PDF) fillable Forms (also announced today).
The ACORD XML forms integration solution makes it easier for insurance carriers to more effectively create and share information across the extended enterprise, by combining the business logic and data exchange capabilities of ACORD XML with the visual fidelity, security and reliability of Adobe PDF. The solution enables agents and brokers to participate in document-based workflows - using the Adobe Reader® or a web browser - that integrate with existing insurance applications. The solution also supports and integrates all of the versions of the ACORD XML standard. ACORD forms can be pre-populated, and information captured within the solution can be delivered back into insurance applications. The solution also makes it easy for insurance carriers to apply business and security policies and rules to business processes helping to ensure compliance with corporate, industry and government mandates.
Insurers are looking for ways to better meet compliance requirements and reduce the cost of doing business by accelerating the exchange of business critical information, said Eugene Lee, vice president of vertical and solutions marketing at Adobe Systems. The ACORD XML forms integration solution is a powerful example of how Adobe and Itemfield are helping insurance carriers more easily engage with their agents and brokers by bridging the gap between documents, people and enterprise systems to ensure efficient business processes.
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