VERTEX, Inc., Insurance Technologies, Form Strategic Alliance

New Britain, Conn.-based VERTEX, Incorporated, a provider of professional services and software to the insurance and financial services industries, has formed a strategic alliance with Colorado Springs, Co.-based Insurance Technologies, a provider of point-of-sale illustration software.

This alliance supports continued go-to-market milestones for Insurance Technologies recently launched VisibleChoice multi-carrier annuity sales platform. Insurance Technologies will leverage VERTEX's VTXml Annuity Profile platform expertise for publishing and maintaining the standards-based annuity product information.

VisibleChoice relies on product data to enable features from multiple annuity products to be compared and then illustrated for streamlined selling. Improved analysis and compliance processing coupled with on-demand product illustrations, results in accelerated suitable contract issuance for the selling organization, says Insurance Technologies.

VERTEX brings to the partnership expertise in modeling, publishing and maintaining standards-based annuity product information. Its VTXml Annuity Profile platform provides insurance carriers with a highly reliable, scalable annuity product repository, plus a versioning and publishing tool which transmits up-to-date annuity product data to Insurance Technologies in an efficient and automated fashion, says VERTEX. Both companies utilize NAVA's Product Profile for Annuities Transaction - an XML transaction based on ACORD's data standards - and NAVA's messaging standards.

Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio