Exaxe has accepted an invitation to join the ACORD Illustrations Working Group which is currently creating an implementation guide for TX 111, the Illustrations transaction. Tim O'Donnell will become the Exaxe representative on the working group.
Exaxe is a member of ACORD and is currently working on completing the movement of all Illustrate Plus and LifeCycle Plus transactions to the ACORD standard.
'Having agreed standards makes the integration of life systems simpler and more accurate' commented Tim. 'We are delighted to have the opportunity to work with other industry experts to make integrating systems more efficient for all insurers'
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