LONDON, 20 May 2003 - Baltimore Technologies (London: BLM), a global leader in e-security, today announced that Hewlett Packard has chosen Baltimore
SelectAccess(tm) to provide web access control and authorisation for Kinnect, the new Lloyd's of London sponsored initiative. Kinnect, previously operating as Project Blue Mountain, is a globally accessible and secure platform, which enables commercial lines insurance trading partners to communicate risk data electronically. SelectAccess controls the access rights and entitlements of insurance brokers and underwriters connected to the platform, enabling them to securely process risk data quickly and cost effectively.
Using SelectAccess, individual brokers and underwriters authenticate themselves to the platform and gain access to specific resources based on their individual rights and entitlements. The system provides unique personalised web-based services for each user across the global insurance sector. The main benefit of the system is the elimination of lengthy paper-based processes in using a secure web environment, whereby all risk data is sent and approved electronically. The Kinnect Platform ultimately improves the global insurance sector's time and cost efficiencies by reducing transaction time, administration costs and enabling improved control.
"Improving efficiency through technology is a key driver of the Kinnect project," said Phil Bungey, CTO of Kinnect. "As we roll out the brand and start implementation, partnerships with Baltimore Technologies and HP are important to ensure a fully secure platform over which insurance brokers and underwriters can transfer data electronically."
Major insurers have already signalled their intention to use this powerful platform. International insurance brokers Marsh and Willis and four major London-based insurers, ACE European Group, Amlin, Beazley and Wellington, recently announced that they are the first to sign letters of intent to use Kinnect.
"HP selected Baltimore Technologies for their demonstration of leadership in financial e-security," said Niven Payne, Insurance Practice Principle for HP Consulting and Integration. "Baltimore's broad based platform support, standards based architecture and capability to reduce costs through SelectAccess deployment has further helped HP to deliver an open, adaptive and secure infrastructure platform to Kinnect."
"We are delighted to be working with HP to enable Kinnect meet its objectives of efficient, fast transfer of risk data via a secure platform," said Patrick Jourdas, Senior Vice President, EMEA Operations of Baltimore Technologies. "This project further confirms Baltimore's leadership in the financial services industry as well as our ability to securely enable web access control and authorisation in distributed business environments. We look forward to our continued co-operation with HP as a valued partner."
Baltimore SelectAccess represents the next generation in web access and authorisation technology. Its rich feature set allows customers to both significantly reduce the total cost of ownership (TCO) as well as achieve real cost savings in terms of implementation. Built from the ground up in XML and with a unique matrix-style interface, SelectAccess' key competitive advantages are speed of deployment, ease of use and reduced cost of implementation and ongoing maintenance. Single Sign-On further facilitates ease of use by granting the end-user access to multiple applications from one interface. In addition, the use of both digital signatures as an integrated feature of Baltimore SelectAccess and a unique Secure Audit Server ensures that this is the most secure web access control and authorisation product available today.
About Kinnect
Kinnect is an international venture, sponsored by Lloyd's. It enables commercial lines trading partners to communicate risk data electronically for quicker and higher quality business completion, greater productivity and profit via an adaptable, accessible and secure platform. Kinnect began in December 2001, operating under the project title of Blue Mountain. Kinnect currently operates in the United States and United Kingdom. For more information on Kinnect please visit www.kinnect.com.
About Baltimore Technologies
Baltimore Technologies' products, services and solutions address the fundamental security needs of e-business in distributed environments. Baltimore's e-security technology enables companies to verify the identity of electronic counterparties and securely manages which resources and information users can access through open networks. Many of the world's leading organisations in Finance and Government have deployed Baltimore's e-security technology to enable e-business over fixed and wireless networks. Baltimore also offers worldwide support for its authorization management and public key-based authentication products.
Baltimore's products, services and solutions are sold directly as well as through its worldwide partner network, Baltimore TrustedWorld(tm). Baltimore Technologies is a public company, listed on the London Stock Exchange (BLM). For more information on Baltimore Technologies, please visit http://www.baltimore.com
Media Contacts - Baltimore Technologies:
Irene Dehaene Dan Chappell
Baltimore Technologies Brands2Life
Tel: +353 1 881 6407 +44 20 7386 6200
irene.dehaene@baltimore.com
dan.chappell@brands2life.com
Media Contacts - Kinnect:
Louise Brown
Tel: + 44 (0) 207 327 5793
Louise.brown@lloyds.com
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Trademarks
SelectAccess is a trademark of Baltimore Technologies plc. All other product names are trademarks or registered trademarks of their respective owners.
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