“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
ACORD XML facilitates real-time transactions
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
ACORD XML MESSAGES
ACORD experts can help you understand
Trading Trading Trading
Partner Partner Partner how XML can be deployed in your business.
ACORD XML standards development
Makes your system work with your partners
•Financial programs can address your specific
Carriers, agents, vendors, and systems Services
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.