Contributions Cited in Program Business, Agent Download and Individual Leadership
Milford, OH, November 24, 2014 – NxTech, Inc., a market leader specializing in helping carriers, MGAs and program administrators automate the exchange of insurance data with their distribution channels, has been recognized with the following 2014 ACORD Awards:
– ACORD Action Award
– ACORD Streamline Award
– Leadership Award for an Individual – Donna Gilbert, ACE
“To cap off our 10th anniversary we are proud to be the recipient of ACORD Awards for the 9th straight year,” says Thad Bauer, President. “We are always looking for innovative ways to solve industry and customer pain points. We were honored to receive awards for our solutions for exchanging Program business data using ACORD XML and in bringing efficiencies to the industry for AL3 Download, and of course very excited to see Donna Gilbert recognized for her individual contributions.”
The ACORD Action Award recognizes new use of Standards. NxTech was recognized for its submission, "Driving Efficiency in Program Business: Leading the Way With ACORD XML in the E&S Market", involving the use of ACORD XML for business auto download for Program business from a Carrier to General Agent systems. This implementation has resulted in Program Administrator savings of as much as 90 minutes by not rekeying ONE fleet.
The ACORD Streamline Award rewards business process improvements. NxTech’s submission, "AL3 Software Suite Increases Quality & Lowers Cost of Ownership for ACORD AL3 Download", described the NxTech software developed in response to challenges in the industry in efficiently developing and keeping ACORD download current. Utilizing the ACORD database and modern technology carriers and agents realize faster time to market, reduced in-house maintenance, and a download that is always current.
To top it off, Donna Gilbert, ACE and NxTech Business Analyst, received the ACORD Leadership Award for an Individual. This award is given to individuals that have shown exemplary leadership in the areas of Standards development, advocacy, and/or implementation activities. "Donna’s knowledge base and time commitment to ACORD is invaluable in furthering standards, forms and processes that all P&C implementers in the industry will benefit from", says Bill Tedrick, NxTech CEO.
“I am pleased to congratulate NxTech for their leadership and innovation, as well as their 10 year milestone, and to have their ongoing commitment to ACORD Standards development and implementation,” said Karen McPadden, Director of Forms and P&C Implementation, ACORD.
You can read more here about NxTech’s Ten Year Anniversary and involvement in the ACORD Implementation Forum (AIF).
About NxTech, Incorporated
NxTech is the leading provider of solutions specializing in helping carriers, MGAs and program administrators automate the exchange of insurance data with their distribution channels and other third parties. Combining unparalleled ACORD® AL3 and XML expertise, deep insurance knowledge and innovative technology, we implement best-in-class workflows that eliminate keystrokes and drive business growth. For more information about the NxTech Total Interface Solution™ visit www.NxTechCorp.com.
ACORD (Association for Cooperative Operations Research and Development) is a global nonprofit association founded in 1970 that facilitates the development and implementation of data standards and standardized forms for the insurance industry and related industries. ACORD also presents events, videos, research papers and analysis that offer insights into current industry technology and business topics. ACORD members include hundreds of insurance and reinsurance companies, agents and brokers, software providers, and associations worldwide. www.acord.org
Phone: 513-943-0000, Ext. 107
100 TechneCenter Dr.
Milford, OH 45150