Paves the Way in Commercial Lines Process Improvements Between Carriers and Agents
Milford, Ohio (November 18, 2013) – NxTech, Inc., a leading provider of agency-company-MGA interface solutions, announced that it was awarded the 2013 Most Compelling Case Study Award from ACORD. For the third straight year NxTech has been recognized with the Most Compelling Case Study Award for leadership in using ACORD Standards to eliminate keystrokes and improve the electronic exchange of data between carriers, brokers and agents.
The NxTech award was presented to president, Thad Bauer, at the 2013 ACORD Implementation Forum in Boston, and honored NxTech for the role its solutions played in helping two insurance carriers exchange Commercial Lines data electronically with their agent partners using ACORD Standards. Those case studies included innovative solutions that:
• transformed a national insurer’s Commercial Lines Download, increasing data quality and lowering the cost of maintenance.
• enabled a regional commercial lines carrier to go beyond bridging with Real Time Rating, receiving commercial lines quote requests from agency systems and returning rates and quote proposals back.
“Agents and industry groups have identified Commercial Lines process improvements between agents, carriers, and MGAs as a high priority for 2013 and in to 2014”, according to Thad Bauer, NxTech President. “NxTech will continue to push the envelope on solutions to advance implementations in this market, and create efficiencies by transforming workflows using ACORD Standards.”
"NxTech is to be congratulated for once again earning the Most Compelling Case Study Award and continuing to show the benefits that can be achieved by implementing ACORD Standards," said Monique Hesseling, Senior Vice President, ACORD.
During the Award Ceremony D.j. Wischmeyer, NxTech Implementation and Support Manager, also received his ACORD Certified Expert (ACE) Designation, making him the fourth NxTech employee with the ACE Designation.
About NxTech, Incorporated
NxTech is a market leader in P&C interface and data integration. We help carriers and MGAs improve efficiencies and enable growth through the electronic exchange of data with their distribution channels and within their enterprise. With 30 years of ACORD® Standards leadership, deep insurance expertise and the latest technology, the NxTech Total Interface Solution™ provides best in class Real Time, Agent Download and Portal Solutions. NxTech is headquartered in Milford, Ohio. For more information visit www.NxTechCorp.com
About ACORD 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.
Director, Marketing & Products
Phone: 513-943-0000, Ext. 107