Insurance Technologies Receives Top Honor At 2007 ACORD Awards

June 5, 2007
Colorado Springs, CO

COLORADO SPRINGS, CO (June 5, 2007) -Insurance Technologies announces that it has won a distinguished ACORD Accomplishment Award for Web Services at the 2007 ACORD LOMA Insurance Systems Forum in Orlando, Florida.

The award honors the companies whose architecture demonstrates superior quality and state-of-the-art technologies such as ACORD XML Web Service standards. Utilizing these standards, Insurance Technologies implemented ACORD transactions that allows for seamless integration of dynamic illustration generation capabilities in a variety of ways for the end-users, agents, brokers, insurance carriers and related applications. Users are benefiting from this powerful capability in batch-processing, integration with the CRM, Administration, Underwriting and other third party application to lower their cost and improve overall system usability.

“This is a tremendous accomplishment for our entire company,” said Paul Skordilis, EVP Worldwide Sales and Marketing at Insurance Technologies. “Most importantly, we share this coveted award with our clients. Their challenges inspire us to create far-reaching solutions. Their confidence in our team encourages us to push harder and delve deeper to craft web-based innovations with immediate and long-term benefits.”

“On behalf of ACORD, I congratulate Insurance Technologies on receiving the Web Services Award and for their continued commitment to the implementation of ACORD standards,” said Denise Garth, vice president, Membership and Standards. ACORD Awards were given in three primary categories: Accomplishment, Achievement, and Electronic Data Interchange (EDI).

About Insurance Technologies (

Based in Colorado Springs, Colorado, Insurance Technologies LLC offers point-of-sale illustration software to the insurance and financial services industries. Insurance Technologies award-winning product, ForeSight™, supports all product types, on a single mobile platform, including Life, Health, Annuities, Mutual funds, Critical Illness, DI, and LTC.

About ACORD (

Based in New York, ACORD (Association for Cooperative Operations Research and Development) is a global, nonprofit insurance association whose mission is to facilitate the development and use of standards for the insurance, reinsurance and related financial services industries. With offices in London as well, 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.

Affiliated with ACORD are hundreds of insurance and reinsurance companies, and thousands of agents and brokers, related financial services organizations, solution providers, and industry organizations worldwide.

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