The platform is built to J2EE standards for openness and interoperability, and is composed of independent, reusable Java components. In addition, the platform will publish 1,000 API’s as standardized web services and support three new ACORD standards, including new business submission. The September release will also introduce an ‘Enterprise Service Bus’ (ESB) for standardized communication.
Commenting on the platform’s capabilities, Tom Famularo, senior VP of technology and development at NaviSys, said, NaviSys can help leading life insurance companies implement their SOA strategies. Life insurers can adopt straight-through processing using NaviSys’ platform or work towards the ideal future state using NaviSys’ best-of-breed components.
New features of the Enterprise Platform include expanded use of NaviSys’ embedded rules engine and management tools for product definition and launch. Additionally, there is a new user interface redesigned for ease of use, with fewer tabs, more consolidated views and streamlined workflow and application processes.
