UNIVERSITY PARK -- ACORD, the organization that establishes and enforces data standards for the U.S. insurance industry, recently honored Applied Systems with several awards for 2013, including Download Vendor of the Year - Total Implementations.
The Download Vendor of the Year - Total Implementations award is based on the total number of insurance agencies receiving policy, billing, claim, activity and document downloads from all insurance carriers. The award is presented to the agency management system vendor whose systems are utilized by more agencies than any other vendor systems to receive downloads. This is the 20th consecutive year that Applied Systems has been named Download Vendor of the Year.
Additional ACORD awards presented to Applied Systems include:
• AUGIE Claims Download for implementing claims download based on ACORD standards to streamline workflows and improve data quality
• Property and Casualty Outstanding Contribution for the overall involvement of Applied Systems and its employees in their contributions to ACORD and the ACORD processes
• Early Adopter Award, Forms for using standardized forms, defining relevant business processes and demonstrating that the form is in production with an insurer
"Around the world, ACORD is recognized for driving standards that improve the business of insurance, and we are honored to receive these awards from the association," said Doug Johnston, vice president of partner relations, Applied Systems. "Applied Systems has a rich history of providing leading interface products to enable effective data exchange through download and real-time, and this recognition underscores our commitment to delivering innovative solutions that meet the evolving needs of the industry."
ACORD (Association for Cooperative Operations Research and Development) standards are the foundation for data communication across the global insurance industry, enabling all participants to transact business with efficiency and effectiveness. ACORD awards are presented to organizations and individuals who have demonstrated outstanding achievement in standards development and implementation in the past year.