IVANS Honored with Industry Award for its Expertise in Commercial Lines Download

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Company Recognized at 2010 ACORD LOMA Insurance Systems Forum for Supporting Advancements in Agent-Carrier Communications

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I congratulate IVANS on winning a 2010 ACORD Awards for Commercial Lines Download. They should be applauded for their ongoing leadership. IVANS continues to show how vital ACORD data standards are for our industry.

IVANS, Inc., a leading provider of insurance connectivity solutions, was honored today with an ACORD-User Group Information Exchange (AUGIE) Award in Commercial Lines Download. The award recognizes IVANS for successfully implementing the latest set of ACORD AL3 Commercial Data Standards with more than 70 carriers, helping insurers take full advantage of download technology to streamline the commercial lines workflow with their agents.

“I congratulate IVANS on winning a 2010 ACORD Awards for Commercial Lines Download. They should be applauded for their ongoing leadership. IVANS continues to show how vital ACORD data standards are for our industry,” said Lloyd Chumbley, vice president, standards, ACORD.

Download continues to generate benefits for the industry, and carriers are now sending millions of download transactions per month using IVANS communications platform. IVANS 2010 Carrier Survey suggests this trend will continue, with 85% of respondents who sell commercial lines indicating that they plan to implement commercial lines download within the next two years. Currently, more than 10,000 agencies, using 16 different agency management systems, are conducting commercial lines download via IVANS E-Commerce Server (ECS). When asked about the potential benefits of commercial lines download, 93% of agencies surveyed said it saves time, generates more accurate information and enables them to respond more quickly to their customers.

Clare DeNicola, president and CEO of IVANS, Inc. stated, “Commercial lines download is helping insurers increase productivity and capitalize on new business opportunities. ACORD industry standards are an integral part of this success, because the data sets make download and real-time technologies accessible to carriers and agents throughout the industry. We look forward to working with ACORD and our other industry partners to further advance electronic data exchange capabilities in the future.”

IVANS was selected from over one hundred award submissions, and the company was honored at an awards ceremony on Monday, May 24 during the 2010 ACORD LOMA Insurance Systems Forum (http://www.acordlomaforum.org/2010 ) in Las Vegas, Nevada. Since 1997, the ACORD Awards have recognized companies that have embraced standards as a powerful solution that improves data communications and workflow efficiency, saves money and expands trading partner opportunities.

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. For more information, visit http://www.acord.org .

About IVANS
IVANS, Inc. provides the property/casualty insurance and healthcare industries with fully managed network, electronic data interchange (EDI) and agency-company interface solutions to help solve complex business issues. Headquartered in Stamford, Conn. and a CMS approved vendor, IVANS serves over 1,000 insurance and healthcare organizations, more than 30,000 independent agents and 135,000 healthcare providers. With over 27 years of experience successfully managing networks, the company also offers its clients relentless customer service, security solutions, reliable and accessible technical helpdesk support and expert enablement. IVANS, which was formed by 21 insurance companies, also has offices in Tampa, Fla. and Cincinnati, Ohio. For more information, visit http://www.ivans.com .

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Cecile M. Locurto
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