Posted on October 20, 2008 - by lincolnw

Micro-Insurance Industry Leaders and UBmatrix Form Consortium to Improve Efficiency of Micro-Insurance Market

REDWOOD CITY, CA, Oct 16, 2008 (MARKET WIRE via COMTEX) — Today, seven organizations including leading players in the micro-insurance industry launched the Micro-insurance Data and Workflow Standardization (MDWS) Consortium to explore the benefits of establishing a new XBRL-based taxonomy and information hub designed to streamline and standardize information exchange in the micro-insurance industry. The goal of the MDWS Consortium is to reduce the cost of providing insurance to poor communities around the world. Participants of the consortium include Gradatim IT Ventures, IBEX Project Services, Micro Insurance Academy (MIA), Micro Insurance Agency Holdings, LLC, Microcare Insurance Ltd, SourceTrace Systems (STS), Sun Microsystems Inc, and UBmatrix, the leading provider of XBRL information exchange solutions…{click this link to read the rest of the article}