For ACORD XML for Life PC Insurance On the
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“The ACORD Standards for XML enable the independent agency distribution system to take full advantage of the opportunities offered by this new technology.” For ACORD XML for Life & P&C Insurance: Bill Houston, President/IIAA On the Web: go to www.acord.org and select “Standards” option “NAILBA brokerage agencies rely on taking Call: Customer Service at advantage of opportunities for improved and more 1-800-444-3341, ext. 506, or efficient service to enhance their relationships with both agents and carriers. ACORD Standards for 1-845-620-1700, ext. 506 XML should pay great dividends for wholesale bro- kerage businesses that support the new technology.” Ask our representative about becoming an Joe Normandy, Executive Director/NAILBA ACORD member and these XML-related products and services: • ACORD XML Video “The Life Insurance industry is rapidly • ACORD Standards, Subcommittee, and becoming dependent on efficient sharing of Working Groups information between trading partners over the • ACORD XML Training Internet. Manulife Financial has invested in ACORD XML standards to speed this evolu- tion. We believe, through ACORD's efforts, that a common set of standards already exist to support information sharing for a broad ACORD range of business transactions.” One Blue Hill Plaza Guy Mills, Assistant Vice President and Technology Officer/ Pearl River, NY 10965–8529 Manulife Financial Corporation new technology requires new standards "ACORD has shown great leadership in the industry with efforts to standardize XML. Using ACORD XML standards for real-time processing has enabled The Hartford to meet the challenge of delivering Internet interface in a non-proprietary environment." Joseph Gauches, Senior Vice President Electronic Business/ The Hartford ACORD XML facilitates real-time transactions www.acord.org Because XML: The rush to Internet-based data sharing can Show the ACORD XML Video to colleagues expands automation opportunities between create non-standard XML transactions. These and trading partners trading partners are barriers to future, widespread information Tell your technology providers you want integrates Internet applications with exchange. ACORD XML standards prevent this ACORD XML standards, not proprietary back-office systems from happening. XML facilitates real-time transactions Sup p ort the development of industry enhances data sharing among previously standards: disconnected systems • Become an ACORD member •Life TRADING • Participate in the ACORD XML •P&C ACORD XML PARTNER Real Time •Surety standards process ACORD XML MESSAGES Messages INTERNET ACORD XML MESSAGES ACORD experts can help you understand Trading Trading Trading Partner Partner Partner how XML can be deployed in your business. •Insurance ACORD XML standards development Makes your system work with your partners •Financial programs can address your specific Carriers, agents, vendors, and systems Services e-business needs. integrators work together to create ACORD XML transactions that ACORD provides information about which are cross-platform and cross-industry. vendors, carriers, agencies and other organizations are employing XML Gives you Straight Through Processing standards solutions today. ACORD XML transactions allow straight PROBLEM: through processing of applications, claims, Proprietary XML for single systems What is XML? and other transactions between the desktop = data fragmentation XML (eXtensible Mark-up Language) is a new computer language that facilitates the real-time exchange of data and the back office using the Internet. between business partners and their customers. Who is ACORD? Provides reach into the Global Marketplace SOLUTION: ACORD is a not-for-profit, industry-funded standards-setting ACORD works cooperatively with Industry standard ACORD XML for all systems association for the insurance and related financial international standards-setting bodies to = global data sharing service industries. develop compatible XML standards that What Does ACORD Do? Provides the structure that enables the insurance and allow you to reach the global marketplace. Our window of opportunity for collective related financial services industries to work together on development of XML transactions is NOW. standards.