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Standards, Specifications and Initiatives

XML-based standards, specifications, and initiatives for the Insurance industry are listed under these categories:
   Life & Annuity
   Property & Casualty
   Reinsurance

Life & Annuity

Specification:

Life Data Model

Status:

Approved

Description:

The strength in the standards ACORD supports for the life, health insurance and annuity industries lies in the ACORD Life Data Model, which defines the data these industries need to communicate. By applying this data model to all the life standards ACORD supports, the industry receives four major benefits: reusability, consistency, expandability, and interoperability.

Developed by:

ACORD

Download:

http://www.acord.org/services/genericregistration.aspx?type=5

Related info:

 

 

Specification:

XML for Life Insurance

Status:

Approved

Description:

ACORD XML (Extensible Markup Language) is the electronic language of the insurance Internet, facilitating real-time, cross-platform, peer-to-peer communication. ACORD XML for Life Insurance is based on the ACORD Life Data Model and provides a robust, industry-tested XML vocabulary.

Developed by:

ACORD

Download:

http://www.acord.org/services/genericregistration.aspx?type=5

Related info:

 

 

Specification:

Life Forms

Status:

Under development

Description:

The development of standard ACORD Life Forms is a response to an industry need for new ways to exchange information with trading partners, exploit new markets, and streamline the new business process. The forms are based on the ACORD Life Data Model to enable support of electronic exchange of life forms data.

Developed by:

ACORD

Download:

 

Related info:

 

Property & Casualty

Specification:

AL3

Status:

Approved

Description:

The Automation Level 3 (AL3) Electronic Data Interchange (EDI) standard, focuses on the communication between property & casualty insurers, their agents and other trading partners. This standard allows industry partners to electronically exchange information such as policy/submission, claims, surety and accounting data. Today, through the use of the ACORD AL3 Standard, over 80,000 agency-company pairs are exchanging information.

Developed by:

ACORD

Download:

 

Related info:

 

 

Specification:

ACORD XML for P&C Insurance

Status:

Approved

Description:

This XML standard addresses the real-time requirement of defining P&C transactions that include both request and response messages for Personal Lines, Commercial Lines, Specialty Lines, Surety, Claims, and Accounting transactions.

Developed by:

ACORD

Download:

http://www.acord.org/services/genericregistration.aspx?type=4

Related info:

 

 

Specification:

P&C Forms

Status:

Approved

Description:

ACORD maintains more than 450 copyrighted property and casualty standard forms to meet the requirements of the industry and government regulators. ACORD files P&C Forms with regulators on behalf of Forms Pool Program members. All ACORD P&C Forms are published annually in the Forms Instruction Guide on CD-ROM and on the ACORD website.

Developed by:

ACORD

Download:

http://www.acord.org/forms/download.aspx

Related info:

 

Reinsurance

Specification:

ACORD XML for P&C Reinsurance

Status:

Approved

Description:

This XML standard addresses the real-time requirement of defining business transactions that include both request and response messages for Personal Lines, Commercial Lines, Specialty Lines, Surety, Claims, and Accounting transactions.

Developed by:

ACORD

Download:

http://www.acord.org/services/genericregistration.aspx?type=10

Related info:

 

 

Specification:

XML for Life

Status:

Approved

Description:

This standard addresses the real-time requirement by defining business transactions to support life reinsurance. This standard is based on the robust, industry-tested ACORD Life Data Model, which defines the data the life insurance industry needs to communicate within the transaction flows of the reinsurance business cycle.

Developed by:

ACORD

Download:

http://www.acord.org/services/genericregistration.aspx?type=5

Related info:

 

 

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