SOURCE: AMS Services

May 31, 2007 11:08 ET

AMS Services Honored by ACORD

BOTHELL, WA--(Marketwire - May 31, 2007) - AMS Services, the leader in insurance agency automation, today announced it has been recognized by ACORD with four distinct awards for implementation of ACORD XML data standards. The ACORD Awards honor outstanding achievement for standards implementation that highlights business value, business opportunities and trading partners. The four awards AMS Services received included ACORD Innovative Implementation Award, Shared Service and/or Infrastructure Platform, Middleware Award, Outsourcer Award and Web Services Award.

"On behalf of ACORD, I congratulate AMS Services on their awards and for their continued commitment to the implementation of ACORD standards," said Denise Garth, vice president, membership and standards.

AMS Services follows ACORD XML standards in both its AMS TransactNOW® and AMS SETWrite™ solutions. AMS SETWrite provides an intuitive workflow, one-time data entry and single sign-on so agents can get accurate, real-time rates from multiple carriers quickly and easily. With AMS SETWrite's advanced comparative rating capabilities, agents have instant access to the best rates from leading national and regional carriers, along with the confidence that quotes are accurate. Solutions at Quote, integrated into AMS SETWrite, further reduces data entry by eliminating the need to enter vehicle and driver information including Vehicle Identification Numbers (VIN) and drivers' license information during the quoting process. The vehicle and driver information is pulled directly into AMS SETWrite from ChoicePoint® and creates accurate, real-time insurance quotes that allow more cost-effective operations and easier new business generation.

AMS TransactNOW is the industry's fastest method of connecting to carriers, and puts agents in direct, real-time contact with a carrier's client information database. Users are recognizing the benefits of connectivity and AMS TransactNOW usage is gaining traction with a 58 percent increase in transactions in first quarter 2007 over the same time period in 2006. More than 70 carriers now support the solution through AMS TransactNOW service transactions, endorsement processing, quoting functions and AMS Carrier Passport -- an automated sign-on portal.

"AMS Services wants to make it easier and more effective to connect agents and carriers," said Bill Bunker, senior vice president of products and marketing. "The integration of ACORD XML standards makes it possible for AMS Services to improve workflow efficiencies and save the industry millions of dollars. We are committed to working with ACORD to maintain XML standards and its importance to the industry."

About ACORD

Based in New York, ACORD (Association for Cooperative Operations Research and Development) is a global, nonprofit insurance association whose mission is to facilitate the development and use of standards for the insurance, reinsurance and related financial services industries. With offices in London as well, ACORD accomplishes its mission by remaining an objective, independent advocate for sharing information among diverse platforms. ACORD Standards and services improve efficiency and expand market reach. Affiliated with ACORD are hundreds of insurance and reinsurance companies, and thousands of agents and brokers, related financial services organizations, software providers, and industry organizations worldwide.

About AMS Services

Vertafore, Inc. d/b/a AMS Services is dedicated to helping independent insurance agencies achieve maximum performance and operational efficiency. The business offers a comprehensive, insurance-specific solution for managing critical business activities, including agency management, rating, benefits, performance management and carrier connectivity. With more than 150,000 users in more than 15,000 agencies, as well as 600 carrier partners, AMS Services is a proven market leader providing the strategy and scalability to help independent agencies, MGAs and wholesale brokers excel now and in the future. For more information about AMS Services, please visit www.amsservices.com.

The AMS logo, TransactNOW and SETWrite are trademarks of Vertafore, Inc. The names of actual companies, business units and products mentioned herein are trademarks of their respective owners.

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