Flexible Comprehensive Solutions! Apex Data Systems has since its inception stayed in touch with the latest needs in an ever-changing insurance marketplace and our products have continued to be at the leading edge in software solutions.
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Why Should This Matter to You?
Apex Data Systems, incorporated in 1974, originated as the Data Processing Department for a leading Third Party Administrator, Babcock Insurance Corporation. The TPA dealt in True Group, Multiple Employer Trust, Association, and self-insured corporate plans, on a nationwide basis. The varied nature of this business demonstrated the need for a broad base of decision making information. It was imperative for this information to be more timely and more detailed than had previously been available.
Cognac: Mainframe System
The technical staff of Apex Data Systems was responsible for designing and developing a totally on-line administration and claims system, supplemented by a comprehensive reporting system for monitoring business trends and each client specifically. System design requirements were formidable because of the flexibility required to accommodate the variety of lines of business and underwriters. This flexibility has been our major emphasis, and has resulted in an insurance system that processes an entire cafeteria of coverages and allows unlimited policy variations. A major key to the thorough development of Cognac was the independence of thought and flexibility not found within systems designed for a single company and product line.
In 1977, Apex Data Systems completed version 1 of Cognac and successfully installed it for Babcock Insurance Corporation. During the next year and a half the system was closely monitored, refined and enhanced.
Cognac was one of the first systems in the market which provided a fully consolidated, on-line administration and claims processing application. Because of the strength of this new system, Apex Data Systems was created as a separate software company, and the product was made available to the marketplace. Early mainframe users included such notable companies as Coroon & Black (a large TPA), Manufacturers Life Insurance Company in Toronto, Bankers Life & Casualty in Chicago, and the Equitable Life Assurance Society of America in New York.
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Cognac*Plus: PC-LAN Solution
In 1987 the decision was made to rewrite the system to take advantage of the emerging personal computer and Local Area Network technologies. Additional capabilities were added, including the ability to process individual insurance plans. After a year long effort, Cognac*Plus was released and installed at initial sites.
Since that time, a growing number of insurance companies and Third Party Administrators have selected Apex Data Systems as a software application partner. Mortgage broker rate information is also an industry Apex Data Systems is exploring. This growing client base, coming from a very diverse industry group, reaffirms the superior flexibility and sophistication that the Cognac*Plus system has continued to maintain. We continuously enhance the system to meet the needs of our clients, both through client-funded modifications and through research and development dollars.
Cognac*Plus has been selected by companies such as Prudential Group Assurance, Minnesota Mutual, Bankers Security (a Reliastar Company), Security Life, Educators Mutual, Farm Bureau, Blue Cross Blue Shield of South Carolina and Commercial Travelers, to name a few. We have implemented the system nationally and internationally, including Canada, the Caribbean and the Far East.
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