Microsoft Releases Insurance Value Chain Scenarios and Live Demos
Guidance helps insurance customers deploy pre-integrated partner applications in the areas of new business origination for commercial auto, annuities and homeowner policy renewal.
REDMOND, Wash.— Giving insurance customers a head start toward developing applications that solve key business issues, Microsoft Corp. today announced it has released new self-running demos, business solution documents and other updated content as part of its Insurance Value Chain (IVC) initiative.
Available for download on the MSDN® developer network Web site, the business solution documents focus on the common workflow areas of new business origination for commercial auto, annuities and policy renewal. Also available are self-running animated demos for these core areas, as well as a white paper discussing both the IVC and Microsoft’s technical and architectural agenda for the insurance industry.
“This hands-on guidance helps insurance architects and developers create service-oriented architectures and deploy pre-integrated software applications around core insurance business processes,” said Dan Woodman, technology strategist for the U.S. insurance industry at Microsoft. “The goal of the IVC is to enable innovation, choice and competitive differentiation — without requiring a massive ‘rip-and-replace’ or expensive consulting engagement.”
The new content on MSDN builds on Microsoft’s announcement of the Insurance Value Chain Architecture Framework (IVCAF) v1.0 at last year’s ACORD LOMA Insurance Systems Forum. The IVCAF is an industry-standards-based approach that delivers a library of integrations and prescriptive guidance on the development of straight-through processing, enabling workflow across multiple insurance applications — on or off the Microsoft® platform.
Microsoft’s IVCAF reduces the time and cost required by insurance customers attempting to integrate core line-of-business applications for cross-enterprise workflows. It also assists customers in selecting and purchasing best-of-breed products from more than 60 industry partners in Microsoft’s growing insurance partner ecosystem versus a top-down, proprietary approach from a single vendor.
More information about the IVC program can be found at http://www.microsoft.com/industry/financialservices/insurance/businessvalue/default.mspx. Those interested can download the self-running demos, business solution documents and other updated content at the MSDN Web site at http://msdn.microsoft.com/architecture/insurance.
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