Informatica Proves Acord-Enabled Master Data Management At Acord Jamboree

ACORD-Certified Information Management Helps Insurance Organizations Drive Customer-Centricity

REDWOOD CITY, Calif., July 12, 2011 -  Informatica Corporation (NASDAQ: INFA), the world’s number one independent leader in data integration software, today announced successful verification of full ACORD standard compliance at the ACORD Plug and Play Jamboree. The Jamboree is an event where vendors and insurance companies test and certify the interoperability of ACORD insurance solutions.

In May, Informatica submitted and certified its ACORD-enabled Master Data Management (MDM) Solution, comprising MDM Hub, ACORD-compliant interfaces, data transformations software and web services. The solution interoperated successfully with four external applications, and fully satisfied certification requirements. The certification demonstrated that integrating ACORD standards with MDM capabilities significantly benefits insurance companies - delivering trusted 360-degree customer views faster, with less risk, at a lower cost.

The ACORD-enabled MDM solution is comprised of Informatica MDM and Informatica B2B Data Transformation support for ACORD, which deliver MDM building blocks for organizations adopting ACORD standards. This solution significantly reduces start-up costs and roll-out risk for insurance-industry MDM projects while complying fully with current ACORD standards. It also makes it dramatically easier for organizations to keep up with future changes to the ACORD standard. Informatica’s support for ACORD includes:

  • TxLife XML V2.24 Data Interface
  • MDM Data Model derived from ACORD Information Model V2
  • Bi-directional transformation mapping between the XML Data Interface and the MDM Data Model
  • ACORD “Plug and Play” rules for message interoperability
  • ACORD library

Supporting Quotes

“Master Data Management has taken root in the insurance industry as carriers seek to gain complete and accurate views of their customer relationships in order to deliver better customer service, increase revenues and more effectively acquire and manage customers, mitigate risk and base strategic decisions on accurate information,” said Arvind Parthasarathi, general manager Master Data Management, Informatica. “In order to ensure the success of MDM initiatives, insurance organizations need to integrate MDM with their SOA-based ACORD infrastructure. The Informatica ACORD-enabled MDM Solution comprehensively meets this need with pre-built support of ACORD standards and messages.”

“For the first time in history, multiple carriers and vendors, including Informatica, were able to interface with each other within hours, not weeks or months, using the ACORD Plug and Play Standards at the first ACORD Plug and Play Tooling Jamboree at the ACORD LOMA Insurance Systems Forum,” said Ki Nam Kim, chair, ACORD Plug and Play Consortium. “Informatica’s ACORD-enabled MDM solution successfully completed all prescribed tests to demonstrate its compliance with ACORD Plug and Play Standards. The demonstration and commitments from Informatica to deliver ACORD-compliant, SOA services are key differentiators that will allow insurance carriers to achieve lower integration costs, faster time-to-value and true plug and play with home grown systems and vendor solutions.”

“ACORD is excited to see Informatica’s commitment and leadership implementing ACORD Standards,” said Lloyd Chumbley, vice president, Standards, ACORD. “From our point of view, Plug and Play certification of Informatica’s ACORD-enabled MDM solution is a win for all ACORD members – carriers, vendors and system integrators alike.”

Tweet this: ACORD Certifies @InformaticaCorp ACORD-Enabled #MDM Solution http://bit.ly/nHr4ZN #pnp #B2B

About Informatica

Informatica Corporation (NASDAQ: INFA) is the world’s number one independent provider of data integration software. Organizations around the world turn to Informatica to gain a competitive advantage in today’s global information economy with timely, relevant and trustworthy data for their top business imperatives. Worldwide, over 4,350 enterprises rely on Informatica for data integration and data quality solutions to access, integrate and trust their information assets held in the traditional enterprise, off premise and in the Cloud. For more information, call +1 650-385-5000 (1-800-653-3871 in the U.S.), or visit www.informatica.com. Connect with Informatica at http://www.facebook.com/InformaticaCorporationhttp://www.linkedin.com/company/informatica and http://twitter.com/InformaticaCorp.

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Note: Informatica, B2B Data Transformation and Informatica ACORD-enabled MDM Solution are trademarks or registered trademarks of Informatica Corporation in the United States and in jurisdictions throughout the world. All other company and product names may be trade names or trademarks of their respective owners.