POMPANO BEACH, Fla., Oct. 1, 2007 (PRIME NEWSWIRE) -- Blue Frog Solutions, a leading provider of Annuity Order Management & Compliance Solutions for the straight-through processing of annuities, has announced the release of ADMServer Product Profile Administrator 3.0.
Blue Frog's Product Profile Administrator (PPA) 3.0 is a component of the ADMServer Framework designed specifically to store information on Annuity products. The PPA module is a browser-based application that allows a product analyst to load and maintain product information (called a Product Profile by NAVA and ACORD), in one central location for management and distribution.
"NAVA appreciates the commitment Blue Frog has made to NAVA's Straight-Through Processing Standards Initiative," says Deborah Tucker, NAVA Vice President. "This commitment includes recognition that standardization of insurers' product information is essential to the successful automation of the annuity sales and application submission process."
Among its enhanced capabilities, PPA 3.0 offers full support of version 2.16 of the ACORD standard as well as full support of the NAVA Data Conformity standardization decisions via business rules. Other added functionality and benefits include introduction of business rules (required, conditionally required/exclusion of properties, enhanced usability, enhanced download application and enhanced record sorting).
"We currently have more than 33 carriers onboard, using the tool in production," says Jim Ferrell, Manager -- Operations Support, Blue Frog Solutions. "We're dedicated to providing long term support and service to these firms as we are adding more carriers."
Additional information PPA 3.0 is available at: www.bluefrogsolutions.com/product_profile.asp
Blue Frog Solutions, (www.bluefrogsolutions.com), based in Pompano Beach, Florida, is a leading technology solutions provider and business processing outsourcing (BPO) firm that focuses on the life, annuities and long-term care market. Blue Frog automates both front and back end business processes between carriers and distributors with a focus on compliance to create automated business process efficiencies. Blue Frog's solutions are based on the firm's flagship ADMServer Framework software suite. As one of the largest providers of ACORD-based transactions and DTCC solutions, Blue Frog currently provides ADMServer solutions to more than 60 percent of the top 40 life and annuity companies and many of the largest distributors in the U.S.
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