AdminServer, Inc., announced the introduction of its Virtual Back Office (VBO), a suite of components linked by a centralized and common rules engine. Whether a complement to insurers' existing AdminServer policy administration system or a means to integrate their existing legacy environment, VBO provides for a streamlined back-office operation and legacy transformation, according to Jim Rourke, CMO of AdminServer.
The VBO suite components available through AdminServer are: AdminServer Policy Administration System–full policy administration for life, annuities, reinsurance, and health; UVServer–unit value management and fund accounting; IllustrationServer–point of sale illustrations; NewBusinessServer–new business and underwriting; and
CommissionServer–license and appointment and commissions.
All AdminServer solutions are built on an open SOA-based architecture so components are integrated easily with AdminServer's policy administration system. For those insurers with non-AdminServer solutions, VBO can be utilized through an integration hub, establishing communication standards for all affected applications and eliminating the constraints of the traditional back-office mix of disparate and siloed systems.
"Now insurers have the opportunity to create a common rules-based foundation for all of their needs with an architecture that is open, flexible, and scalable," says Kevin Walma, AdminServer's CIO.
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