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Q.KNOW JOINS ACORD
IN SUPPORT OF INDUSTRY-LEADING STANDARDS ORGANIZATION
– Committed to Operational Excellence
through Technological Efficiencies –
RESTON, Va. – September 9, 2005 – Q.Know Technologies Inc., a global provider of information management software, today announced its new membership into ACORD, the leading nonprofit association for the insurance, reinsurance and related financial services industries dedicated to facilitating the development and use of standards since 1970.
Working with financial services companies globally, ACORD members comprise 71 percent of the top 25 U.S. property and casualty insurers, 66 percent of the top 25 global reinsurers (based on A.M. Best data, 2003) and the top five global brokers. Since its inception, Q.Know has maintained a firm commitment to the same founding principles that drives ACORD. This includes streamlined efforts to standardize technology in a manner that promotes:
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Quality of information exchange,
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Accurate and expeditious risk analysis and identification, and
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Improved regulatory reporting processes with enhanced tools for accessing and aggregating electronic information.
"Looking across the market, ACORD stands alone as an undisputed leader, bringing technological standards on to a common platform that ultimately helps to define competitive edge and raise the technology bar for the benefit of buyer," stated Vineet Kalucha, president and chief executive officer, Q.Know Technologies, Inc.
As a solution provider, Q.Know was founded on a philosophy much like ACORD’s. Q.Know’s next generation information management software enables users across all business functions the ability to be more productive and efficient, while granting management complete visibility into company-wide information.
As the most comprehensive information-centric solution available that manages all file types across all applications, Q.Know combines the power of several key information management functions, including:
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Collaboration and file sharing,
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Electronic documentation and records management (structured data and unstructured electronic information),
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E-mail and communications management, and
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Search and retrieval.
For the (re)insurance business, this eliminates redundant efforts and documents for underwriting, claims, treasury, administrative, etc., offering advanced information management with clear audit trails and ease-of-use for the deal process. Companies are then able to identify risks comprehensively and do more deals annually with all relevant information easily accessible.
Q.Know Technologies, Inc. develops software that solves the most challenging problem in business computing – the ability to automatically and accurately file, retrieve, manage and share unstructured electronic information. The result is instant access to enterprise-wide information, real-time deal visibility, ensured regulatory compliance and improved customer satisfaction. Q.Know works seamlessly across existing applications, such as Microsoft Outlook® and Office®, and is quickly implemented and easily learned.
For more information, please visit www.qknow.com.
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 www.acord.org.
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