ACORD Information Model
Challenges in Meeting ACORD Standards
Central to the ACORD common information model is the promotion of greater data interoperability across the insurance industry. Many insurers are faced with disparate customer, policy, and claims data that resides across the organization - making it difficult and costly to manage and integrate data to meet the requirements around the ACORD standards.
What Progress will Deliver
Get a common, real-time view of data across your entire enterprise, and the ability to manage and integrate disparate information to get “one source of truth” for governance, quality, and regulatory compliance. ACORD requirements will be met with your ability to automatically control how your data is consolidated and exchanged between services and applications. Progress solutions will also help you consolidate customer, policy, and claims data to accurately assess and price premiums and increase conversion ratios.
Achieve True Data Interoperability
Progress solutions for ACORD allow you to:
- Meet ACORD standards through a common view of data, integrated systems, and connectivity to third-party sources
- Achieve profitable pricing of premiums through consolidated customer, risk and policy data
- Obtain faster product rollout and integration through data re-use and common vocabulary across partners and channels
- Improve efficiencies through reduced data integration time and costs
Related Product
Progress DataXtend Browser for ACORD: The Browser provides a simplified means of viewing and navigating the XML models, and helps ACORD members to take full advantage of the standards.
Download in the Members' Area at ACORD.org
Replay Charting the Way for Successful Data Integration and learn about the ACORD Information Model in the context of the ACORD Framework.
