New Britain, CT, June 2, 2010 – VERTEX Incorporated (www.vertexincorporated.com), a respected services and software solution provider to the financial services industry, today announced they were presented with a prestigious award at the ACORD LOMA Insurance Systems Forum in Las Vegas, Nevada.
The Association for Cooperative Operations Research and Development (ACORD) member-driven organization presented VERTEX with their 2010 Life, Annuity, and Health’s “Most Actively Involved in ACORD” award at the Forum’s Award Ceremony. ACORD also recognized VERTEX for receiving multiple ACORD Certified Expert (ACE) designations.
ACORD is a global, nonprofit insurance association serving the insurance industry and related financial services industries. ACORD’s mission is to facilitate the development of open consensus data standards and standard forms. Since 1997, ACORD recognizes their members by issuing awards to those who show commitment and dedication to the standards. Newly added to the ACORD program, is the ability for ACORD members to certify their level of standards knowledge by passing a series of ACORD exams and receiving ACE designations.
VERTEX was selected as a recipient of the award because the company excelled in their level of participation and dedication to maturing the ACORD standards. VERTEX also demonstrated the company’s commitment to ACORD by continuing to implement and certify systematically generated ACORD compliant transactions using the company’s VTXml tool. Several VERTEX employees received ACE designations after demonstrating their knowledge and expertise in Life, Annuity and Health lines of business implementations using the ACORD standards.
VERTEX provides a comprehensive range of services and software that enable their clients to automate their business processes using ACORD standards. VERTEX is proven as an industry leader in the business and development of ACORD transactions and will continue to be an advocate for ACORD.
“We’ve experienced a trend in the insurance marketplace where companies are modernizing their service based operations using ACORD standards.” said Suzanne Brazeal, Vice President, VERTEX. “Our clients rely on our ACORD knowledge and business expertise to support them in their transition.”
"I congratulate VERTEX on winning a 2010 ACORD Awards for active involvement with ACORD. They should be applauded for their leadership. VERTEX continues to show how vital ACORD data standards are for our industry,” said Lloyd Chumbley, Vice President, Standards, ACORD.
About VERTEX Incorporated
Located in New Britain, CT, VERTEX has been providing business and technical solutions to the financial services industry since 1991. VERTEX services include Business and IT Consulting, Migrations, Conversions, Integrations, Business Automation and B2B Consulting. VERTEX focuses on the life insurance and annuity segments and has gained a global reputation for expertise in these specialties. VERTEX, Inc. is recognized by our growing list of prestigious clients as a respected industry leader. www.vertexincorporated.com
ACORD (Association for Cooperative Operations Research and Development) is a global, nonprofit standards development organization serving the insurance industry and related financial services industries. ACORD's mission is to facilitate the development of open consensus data standards and standard forms. ACORD members include hundreds of insurance and reinsurance companies, agents and brokers, software providers, and industry associations worldwide. ACORD works with these organizations towards a goal of improved data communication across diverse platforms through implementation of standards. ACORD maintains offices in New York and London.