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PRESS RELEASE [ MODEL SERVICE DESCRIPTION ]
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Model
Service
Description Posted
The world's first - 21st century
model insurance industry 'Service Description' is now available.
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Redondo Beach, CA - February 6, 2008
β Vinsurance today announced the release of a new world-class first - a 21st century
model insurance industry βService Descriptionβ. The model service description
works on (2) business levels; abstract and concrete. Abstractly, itβs a model description
of an XML Web service or application programming interface (API), which is a 21st
century way of providing industry infrastructure services. Concretely, the model
service description is an API itself as it provides everything insurance industry
web developers need to implement software that works with the Unearned Factors Service,
a classic insurance industry calculation.
As a modern, abstract
service description,
the model supports global insurance industry enterprise service-oriented architecture
(SOA) endeavors. SOA is a business-driven IT architectural approach that supports
agile business innovation and optimization. SOA enables people to integrate business
as linked, repeatable business tasks, or services.
As a concrete service, the model is an application programming interface (API) for
the Unearned Factors Service. It's simply another way to access the customary
insurance industry calculation for determining return premium on cancelled policies
- one way that makes it easy for third-party and custom tools to programmatically
access and interact with the service. The world's first insurance industry XML
Web Service was this same Unearned Factors Service. The service, as part of the
new model service description, has been updated to the latest communication standards
and IT/business architectural styles using the latest tools. The
earliest version of the service was posted
in 2001.
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