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Information Builders Joins ACORD

Originally published February 9, 2006

Information Builders, the enterprise business intelligence standard of choice for organizations around the world, recently announced its membership in the Association for Cooperative Operations Research and Development (ACORD), the nonprofit association for the insurance, reinsurance, and related financial-services industries dedicated to developing the use of worldwide industry standards.

"Joining ACORD allows Information Builders to further its involvement in insurance data standards and ensure that our industry-tailored offerings are aligned with their needs," said Pat Saporito, Insurance Industry Manager for Information Builders. "We provide the tools insurers need to accelerate the development of their enterprise business intelligence and data integration initiatives, with solutions such as the WebFOCUS Insurance Reporting Foundation (IRF) and iWay ACORD e-Business Adapter, developed with the principal objective of helping insurance keep pace with rapidly changing regulatory and competitive market demands."

While industry operations and application development expenses are rising, today's ever-changing compliance landscape demands solutions empowering increased information accuracy and access. By providing real value for the risk management, policy-rate management, underwriting profitability, regulatory compliance and governance, customer service, and distributor-management needs of insurers, Information Builders delivers the solutions compliance demands.

This BeyeNETWORK news item contains information from a recent press release by the company mentioned.