ACORD Framework
Follow the ACORD Framework and Increase Efficiencies
The ACORD (Association for Cooperative Operations Research and Development) Life and P&C XML standards are common information models for the insurance industry. Worldwide adoption rates of the standards are increasing, as more carriers realize the ways that ACORD can benefit their business. The innovative ACORD Framework can help reduce costs, improve customer experiences, and streamline the path to market for new products.
Central to the ACORD standards is the promotion of greater data interoperability across the insurance industry. By serving as a common communication method for use by multiple parties, ACORD standards increase the efficiency and agility of the entire industry. Today, carriers responsible for more than 80% of worldwide premiums have adopted ACORD, and the numbers keep climbing.
Transitioning to new standards can be a challenge. You will need to determine how to address the legacy assets within your own four walls. Your organization will also need to understand how to mediate across the mixture of legacy and new ACORD standards that will be in use among your trading partners and software and service suppliers. The Progress® DataXtend® Browser for ACORD can help.
Visually Explore the ACORD Model
Progress has partnered with ACORD to deliver the DataXtend Browser for ACORD. This innovative browser enables ACORD members to more easily use and understand the existing ACORD standards. The Browser is built on top of the award-winning DataXtend Semantic Integrator (SI), and provides visual exploration model-based representations of the comprehensive schemas of the ACORD XML standards. With the DataXtend ACORD Model Browser, you can search for the content and understand the meaning of any of the entities in the ACORD XML standards
Our partnership with ACORD will enable you to benefit from the work that ACORD is doing with our technology. This will simplify your adoption of ACORD Framework, and accelerate your migration to an ACORD-powered Enterprise Architecture. In addition to leveraging ACORD-created assets, our support for full lifecycle management means that your organization will be able to easily understand the impact of new ACORD development on your business. Supporting this full lifecycle will help you more quickly realize the benefits of the ACORD standards in the months and years to come.
