BEA and Prima's SOA alliance targets insurance sector
11 July 2006 | 1643 views | 0
Source: BEA Systems
BEA Systems, Inc. (NASDAQ:BEAS) , a world leader in enterprise infrastructure software, today announced it has signed a strategic alliance agreement with Prima Solutions designed to help further accelerate the adoption of Service-Oriented Architectures (SOA) in the insurance industry.
The two companies have already integrated Prima IBCS, Prima Solutions' insurance reference model with the BEA WebLogic Platform and are now working to integrate this extensive insurance object model with the award-winning BEA AquaLogic suite of SOA products. BEA AquaLogic is the industry's only cross-platform product family optimized for composing, orchestrating, securing and managing SOA throughout the enterprise.
Prima IBCS is an extensive insurance object model spanning most insurance domain areas. It is the result of several years of R&D by insurance experts and object-oriented specialists and documents over 100 core processes and 1000 classes spanning Life (group and individual), Property & Casualty (car, home) and Reinsurance, as well as new business, underwriting, contract lifecycle management and claims processing. By integrating Prima IBCS(TM) with the BEA AquaLogic suite of SOA products, BEA and Prima Solutions will enable insurers to accelerate the deployment of new composite applications while leveraging existing infrastructure.
Targeting the need of insurers to integrate legacy systems, implement business process management, orchestrate business services, and monitor business transactions, the two companies have agreed to jointly deliver proven SOA solutions tailored specifically for the insurance industry. Several prototypes, testing the processes and evaluating the productivity gains of the joint solution, have already been launched by customers in Asia, Europe and the US.
"By integrating our extensive Insurance Reference Model with the BEA AquaLogic suite of SOA products, Prima Solutions and BEA can help enable insurers to achieve true Business LiquidITy. BEA's leadership in service infrastructure combined with Prima Solutions' vertical expertise and technology is designed to allow insurance companies to leverage SOA for existing applications and business processes, help facilitate data transformation steps and help generate new revenue streams," said Hugues Delannoy, CEO, Prima Solutions.
"Integrating systems to support effective business processes is a tremendous burden for the insurance industry. Legacy systems, packaged applications and custom-built systems often use different data models with disparate formats, values and meanings," said John Knightly, vice president, industry & partner marketing, BEA Systems. "Pairing BEA's products and SOA leadership with Prima IBCS is designed to provide an ideal combination that can help insurers develop a common enterprise model which can facilitate the creation of processes and services across systems at reduced cost."