SOURCE: Unicorn Solutions

September 08, 2005 11:30 ET

Unicorn Announces Prototype of Insurance Industry Solution Combining IAA & ACORD

Industry's Most Comprehensive Platform and Content for Insurance Follows IBM's Contribution of IAA Process Content to ACORD

NEW YORK, NY -- (MARKET WIRE) -- September 8, 2005 -- Unicorn Solutions, the leading provider of metadata management and semantic Enterprise Information Management solutions, today announced that it has extended an initial prototype of the existing Unicorn For Insurance Solution based upon the ACORD standards to now also include the IBM IAA components that have been contributed to ACORD by IBM.

This prototype demonstrates the strategic advantages insurance carriers gain by leveraging and realizing the combined strengths of ACORD and IAA within their enterprise information management, enterprise integration, and SOA initiatives. Overall, this creates the world's most comprehensive enterprise architecture platform and content for insurance.

This announcement continues Unicorn's policy of supporting leading standards and enabling enterprises to rationalize their proprietary data formats by mapping to standards-based industry ontologies. This announcement also builds on the May 23, 2005 announcement that the ACORD standards organization has selected the Unicorn System as its strategic platform for standards management and mapping.

"IBM has made a significant donation of portions of their industry-leading insurance models to the ACORD standards body for the benefit of the entire insurance industry. Unicorn congratulates ACORD and IBM on this decision to work together. We are pleased that based on existing relationships with ACORD and IBM, Unicorn is the first vendor to respond to this joint initiative with a prototype of combined support. This ensures that our insurance customers have the platform and content they require to deliver on the vision of ONE Enterprise," said Zvi Schreiber, Unicorn CEO.

The Unicorn System v3.6, also announced on May 23, 2005, includes MOF support for all types of enterprise technical metadata and business architecture models. As such, it is the industry's leading platform for insurance metadata and architecture and for relating proprietary data formats to ACORD and IAA. Demonstrations of the Unicorn System and Unicorn For Insurance Solution can be arranged by visiting www.unicorn.com or by e-mailing acord@unicorn.com.

ABOUT UNICORN SOLUTIONS

Unicorn Solutions (www.unicorn.com) is the world's leader in metadata management and semantic Enterprise Information Management solutions. Unicorn's ONE Enterprise paradigm delivers unprecedented transparency, integration, IT efficiency, and agility to the Global 1000. ONE Enterprise delivers this value to lines of business and the overall enterprise by managing their disparate IT systems, creating a common business architecture, and overlaying the common business architecture on the IT systems. As a result, businesses rapidly develop and update their common business language and processes while rationalizing the IT systems on which they are executed. The Unicorn System enables the ONE Enterprise paradigm with capabilities that include: metadata repository, ontology modeling, semantic mapping, active design services, active IT management services, and federated business querying. Industry standard libraries accelerate ONE Enterprise adoption in the insurance, financial services, and government sectors.

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