ACORD Products and Services Catalog

Transcription

1 Forms Advisory Services Standards Implementation Guides ACORD Events Framework ACORD Certified Expert (ACE) ACORD Products and Services Catalog Videos Third-Party Tools Testing & Certification Facility

2 Table of Contents Introduction About ACORD s Products & Services... 4 ACORD Standards Common Services Property & Casualty / U.S Property & Casualty / Market Specific... 8 Life & Annuity Life & Annuity / Market Specific Reinsurance Workers Compensation Reporting / U.S ACORD Forms ACORD Framework Tools & Services ACORD Implementation Guides Testing & Certification Facility Advisory Services ACORD Certified Expert (ACE) ACORD Workshops ACORD Videos ACORD Events Third-Party Tools

3 Introduction This Catalog is an inventory of the various products and services available from ACORD, including data standards, standardized forms, and the ACORD Framework, as well as supplemental resources including implementation guides, advisory services, tools and training. The information in this catalog has been designed to address both the business and technical aspects of working with ACORD. This catalog contains the most current information as of January ACORD is continually working to refine and improve its standards and other products, and the catalog will be regularly updated to reflect this evolution. As a result, some items and descriptions may change over time. Any questions about new or existing ACORD products or services may be directed to ACORD Member Services at , option 2 or memberservices@acord.org. 3

4 About ACORD s Products & Services ACORD Insurance Industry Standards ACORD develops and maintains data standards and standardized forms for the insurance industry that serve specific lines of business: Life & Annuity (including disability, long-term care, and other mortality & morbidity products), non-life Property & Casualty (including all types of personal and commercial lines), Reinsurance, and Common Services (shared standards that cross lines and geographies). ACORD develops standards for both global and targeted regional or national use. This catalog is organized primarily by line of business. Guides, tools and services related to standards implementation are listed in separate sections and cross-referenced with the lines they support. ACORD Framework The ACORD Framework is a group of five interrelated models (called facets) that individually present unique perspectives on key aspects of the insurance industry. Collectively, they define the entire industry value chain. The five facets are a Business Glossary, a Capability Model, an Information Model, a Data Model and a Component Model. Taken as a whole, the ACORD Framework forms a basis for standards development that is flexible enough to cross lines of business and geographic borders and provide the industry with a unified approach to understanding insurance data exchange. ACORD Forms ACORD Forms are used by agents, distributors and brokers, and solution providers. They are supported by insurers, reinsurers and regulatory bodies. Standardized ACORD Forms streamline workflows, reduce errors and increase efficiency. There are currently more than 800 ACORD Forms for Property, Casualty and Surety and for Life, Annuity, and Health lines. In the U.S. ACORD monitors state and federal insurance regulatory activity and updates the forms to ensure compliance. 4

5 ACORD Advisory Services ACORD provides personally tailored Advisory Services to assist members with new implementations and enhancement of existing implementations. ACORD Advisory Services work directly with companies or in partnership with solution providers. ACORD Resources ACORD offers a variety of resources including educational materials, Testing and Certification Facilities, and events. Please visit our website at and contact ACORD directly for more information. For more details about any item presented in this catalog, or questions about additional ACORD products and services, please contact ACORD Member Services at , option 2 or memberservices@acord.org 5

6 ACORD Standards Common Services ACORD has a growing library of Common Services, which are shared standards for use in functions that transcend any single line of business. There are two distinct types of Common Services: a set of technical specifications for matters such as security encryption, and business specifications for more generalized services such as document sharing. ACORD Common Services ACORD Web Services Profile XML data message standard for encapsulating ACORD message standards into W3C Web Services Profile Language Document Repository Interface Reference Guide XML document standards for cataloging, indexing and physical transmittal of imaged documents. ACORD Messaging Service Simple Object Access Protocol XML data message standard for using SOAP message protocol with ACORD data message standards Security Profiles XML data message standard for using Web Services Security Profile (WS-Security) standards with ACORD data message standards. Common Services / U.S. NIPR Licensing & Appointment Standard US XML data standard for licensing and appointment across all lines of business 6

7 ACORD Standards Property & Casualty Property & Casualty / U.S. ACORD P&C XML XML data message standards for personal and commercial U.S. Property & Casualty insurance lines for all market participants. The Standard provides a comprehensive P&C insurance vocabulary for industry workflows. Schema for machine use Business specifications for human use The P&C Standard supports hundreds of XML messages including the following primary categories: Accounting Claims Commercial - Auto - Farm - E&O - Workers Comp - Aviation - Crime - Inland Marine - BOP - D&O - Property Personal - Auto - Home - Inland Marine - Watercraft Surety ACORD P&C AL3 A classic Electronic Data Interchange (EDI) format that provides carrier-to-agency insurance policy activity information for personal and commercial U.S. Property & Casualty insurance data. AL3 Specification database for machine use Data dictionary for human use Please review the Implementation Guide section on page 17 of this catalog for guides that correspond to specific Standards. 7

8 ACORD Standards Property & Casualty Property & Casualty / Market Specific ACORD P&C XML XML data message standards for personal and commercial Property & Casualty insurance lines for all market participants within specific communities defined by geography and/or unique product lines. Each Standard provides a comprehensive P&C insurance vocabulary for industry workflows. Southern African Short Term XML 1.0. Southern Africa XML data message and form standards for personal & commercial property & casualty product lines for all market participants. Australian General Insurance XML 1.0 Australia XML data message and form standards for personal & commercial property & casualty product lines. Please review the Implementation Guide section on page 17 of this catalog for guides that correspond to specific Standards. 8

9 ACORD Standards Life & Annuity Life & Annuity / Global ACORD L&A XML XML global data model and message standards for life, disability, long term care protection insurance and insured annuity and retirement income products for all market participants. The Standard provides a consistent means for insurers, distributors, vendors and regulators to share and exchange product, policy and participant information for all industry workflows. Schema for machine use Business specifications for human use The L&A Standard supports the entire Life value chain for all forms of mortality and morbidity products for insurer, distributor/broker and solution provider needs including: - Product Design / Definition - Illustration / Quoting - Sales / New Business - Inforce Policy Management - Financial Transaction - Replacements - Claims / Benefits - Licensing & Appointment - Reinsurance (Life) - Tabular Data (tables, rates) 9

10 ACORD Standards Life & Annuity Life & Annuity / Market Specific ACORD L&A XML: China Structurally identical to the global Life & Annuity XML Standard, translated into Mandarin Chinese. Schema for machine use Business specifications for human use ACORD L&A DTCC EDI A classic Electronic Data Interchange (EDI) format defining numerous specific business processes between distributor and insurer supported by the DTCC Insurance Processing Services in the U.S. US EDI data message standards for life & disability protection insurance and insured retirement income products for all market participants. Specific processes supported: Initial Application & Subsequent Premiums (APP/SUB) Positions & Values (PVF, PNF, PFF) Financial Activity Reporting (FAR) Inforce Transactions (IFT) Asset Pricing (AAP) Commissions (COM) Licensing & Appointment (L&A) Please review the Implementation Guide section on page 17 of this catalog for guides that correspond to specific Standards. 10

11 ACORD Standards Reinsurance ACORD Reinsurance XML An XML structured representation of global reinsurance data, including placing through to claim, for cedants and reinsurers. Schema for machine use Business specifications for human use The Reinsurance Standard supports XML messages in the following areas: - Account Settlement Global XML account settlement message standards for all lines reinsurance products for cedants and reinsurers - Catastrophic Exposure Global XML cat exposure message standards for all lines reinsurance products for cedants and reinsurers - Placing Global XML placing message standards for all lines reinsurance products for cedants and reinsurers ACORD Reinsurance XSL A formalized spreadsheet (XSL) representation of reinsurance data - Catastrophic Exposure London Market spreadsheet cat exposure standards for all lines reinsurance products for cedants and reinsurers. - Delegated Authorities Exposure Reporting (ER3001) Global XML risk exposure message standards for all lines reinsurance products for cedants and reinsurers ACORD Reinsurance EDI A classic Electronic Data Interchange (EDI) format defining numerous specific business processes for all lines of reinsurance products for cedants and reinsurers 11

12 ACORD Standards Workers Compensation Reporting / U.S. ACORD Workers Compensation Reporting XML XML standards for Workers Compensation statutory reporting data for messages between insurers and U.S. state regulators. Based on and harmonized with Electronic Data Interchange (EDI) transactions used by the Workers Compensation Insurance Organizations (WCIO) and International Association of Industrial Accident Boards and Commissions (IAIABC). Schema for machine use Business specifications for human use Please review the Implementation Guide section on page 17 of this catalog for guides that correspond to specific Standards. 12

13 ACORD Forms ACORD Forms More than 800 ACORD forms cover various Property, Casualty, Surety, Life, Annuity and Health lines. Formats Static PDF ACORD Forms are available as static forms and in fillable formats Fillable IBM or Adobe to integrate with your systems. ACORD eforms allow data to eforms be extracted from the forms for re-use including repopulating other forms. Viewers IBM Adobe To use ACORD fillable forms, it is necessary to download and install the free viewer in the appropriate format Guides - Forms Instruction Guides The Forms Instruction Guides contain field by field instructions for all ACORD Forms. Available on the ACORD.org website with registered ACORD ID (ACORD membership not required) - Forms Mapping Guide The Mapping Guide provides a cross reference from ACORD Forms to P&C as well as L&A XML data Related Resources - Forms Notifications Regular notifications on all releases including new forms, revisions to old forms, detailed explanation of all changes - Forms Updates Updates provide an online link to information about upcoming required regulatory changes or Maintenance - Forms Index Online link to a complete list of all forms in the ACORD library, revised regularly to include latest releases 13

14 ACORD Forms ACORD Forms Programs Advantage non-member Property & Casualty Forms Redistribution member and non-member Property & Casualty Life & Annuity Reinsurance The Advantage Program offers P & C agents, brokers and distributors access to the latest ACORD forms in either static PDF or fillable format The Forms Redistribution Program is for those who wish to include ACORD Forms in their software or provide ACORD Forms on the internet for download. Agents, brokers and distributors may become ACORD members in either the P&C, L&A or Reinsurance programs. Single Library Rate member Property & Casualty The Single Library Rate includes full access to all ACORD Property & Casualty forms, along with ACORD membership. Forms Pool member and non-member Property & Casualty Property & Casualty insurance carriers who want to use ACORD forms or distribute them for use with their agents can join the ACORD Forms Pool program as a cost-effective alternative to creating, maintaining and filing carrier-specific forms. Revenues from the ACORD Forms Pool enable ACORD to provide benefits to carriers including: Development of the forms library Forms maintenance, including compliance with state regulations Form filing on the carrier s behalf where necessary Australia Forms Programs member and non-member ACORD Forms and eforms specific to the Australian market are available for member and non-member use. Please visit for Australia program offerings. 14

15 Framework Framework The ACORD Framework is group of five interrelated models that collectively define the nature of the insurance industry from different perspectives. It covers all lines of insurance across all business processes and geographic borders and provides a comprehensive, holistic, view of insurance information. The ACORD Framework is available to ACORD members only. Business Glossary v 1.0 Capability Model v 2.1 Information Model v 2.1 (plus standards mappings) Contains a business-focused glossary of terms and definitions spanning the entire insurance industry. It provides a common language for both business and technology stakeholders and aligns with definitions found across the various data standards. Defines the common business activities and business processes insurance companies do. Used for companies to baseline their business process modeling and determine areas of innovation. Provides the definitions of core insurance concepts such as Policy, Product, Party, and Claims and how these concepts relate. Used in a variety of ways, most notably as a common reference model that links various core business data areas. Data Model v 1.3 Component Model v 1.0 (Q2 2012) Used to validate and baseline persistence models, both operational data stores and data warehouses, across the enterprise. Created primarily as a different view of the Information Model. A set of reusable component definitions and data services bridging the gap between business process and data. Used to provide a set of application building blocks and common service definitions that links the data found in the Information Model and our data standards. Related Resources Information Model book Capability Model book 15

16 Tools & Services Training, Tools, and Support In addition to the products described in this catalog, ACORD offers a variety of services to help members to gain greater understanding of ACORD and implementation skills in many areas. 16

17 Tools & Services ACORD Implementation Guides Items in italics denote resources available only to ACORD members. Property & Casualty XML P&C Claims Workflow Guide Binding Authorities Guide/ ER 3001 Exposures Reporting Guide Coverage Matrix Implementation Guide Commercial Inland Marine Implementation Guide Renewal Processing Workflow Implementation Guide Surety Processing Workflow Implementation Guide Australia Business Process Guide Life & Annuity XML Census Guide and Supplement New Business for Life Guide Product Profile for Life Guide Life Reinsurance Standard Guide Pending Case Status Guide Hierarchies and Teams Guide L&A Implementation Guide New Business for Annuity Guide Policy Replacement Guide Product Profile for Annuity Guide Underwriting Requirements Guide Reinsurance XML/XSL Binding Authorities v3.0.1/er3001 Exposures Reporting Reinsurance Supplemental Information - Introduction to Reinsurance Standards - Accounting and Settlement Overview - Global Reinsurance E-business Benchmarking Report 2010 w/ Executive Summary 17

18 Tools & Services ACORD Implementation Guides Property & Casualty AL Personal & Business Automobile State Issues Implementation Guideline Personal Umbrella & Excess Implementation Guide Personal Lines Implementation of Additional Residences Guideline ACORD Homeowners Coverage Code to ISO Forms Comparison Guideline Business Owners Policy (BOP) Implementation Guideline Massachusetts Auto Implementation Guideline Year 2000 Implementation Guideline Motor Vehicle Report Information Guideline Error Notification Implementation Guideline Cancellation - Nonrenewal Guide Personal Inland Marine Implementation Guide Surety Standard Implementation Guide Change Processing Implementation Guide Defensive/Mature Driver Accident Prevention Course Implementation Guideline ACORD AL3 Standards Versioning Conventions Implementation Guideline Commercial Lines Coverage Group Implementation Guideline ACORD AL3 Hierarchies Implementation Guide Surety Electronic Bond Request and Approval Implementation Guide Commercial Lines Data Quality and Download Implementation Guide Policy Commission Download Implementation Guide Changing Policy Number and/or Writing Company with Download Implementation Guideline 18

19 Tools & Services Testing & Certification Facility The ACORD Testing and Certification Facility is a live application that developers can interact with in order to test and certify ACORD implementations. To provide users with consistent implementation support, the Facility is continuously evaluated and updated to support the most current ACORD message standards across all Standards Programs. Common Services Supported ACORD Messaging Service (AMS) web-services standards, including support for secure https sessions, authentication, and digital signatures ACORD Common Services Document Repository Interface (DRI) standards ACORD Web Services Profile (AWSP) standards Business Message Standards Implemented Life & Annuity XML - MIB messages - DTCC messages - ACORD L&A XML messages Property & Casualty XML - P&C XML messages Reinsurance XML - ACORD Reinsurance Placing, Accounting, Technical & Financial, Claims XML message standards - London Market Placing - European accounting and claims implementations (following ebot guide) - International exchange of electronic documents TCF provides diverse industry communities with a single reference point for shared implementations. Initiatives include: London ELPAN phase 1, London ELPAN2, and London Electronic Claim File This catalog contains representative examples of messages and initiatives supported by the Facility. For a complete listing please visit 19

20 Advisory Services & ACE ACORD Advisory Services & ACORD Certified Expert (ACE) ACORD Advisory Services ACORD Advisory Services are available to individual companies and implementation communities. ACORD Advisory Services include: Training for - ACORD Standards - ACORD Framework - ACORD Certified Expert testing Implementation Guidance for - Business analysis and mapping - Working Group or Implementation Community Facilitation Best Practices Consultation Preparation for ACORD Standards certification of implementations Workflow analysis New standards development and Maintenance Requests ACORD Certified Expert (ACE) The ACORD Certified Expert (ACE) program is a designation showing proficiency in ACORD Standards implementation. An ACE certification requires successful completion of three exams that encompass both ACORD and insurance industry knowledge. ACORD Certified Expert exams are administered throughout the year and at ACORD events. Please visit for more information about the ACE program including resources and test dates 20

21 ACORD Videos Videos & Workshops Videos ACORD videos cover a broad spectrum of topics related to Standards development and implementation and to the insurance industry in general. Please visit to view ACORD videos. Workshops ACORD workshops educate members about ACORD Standards and various approaches to implementation for all lines of business and geographies. Workshops are also available to non-members for a fee. 21

22 ACORD Events Events ACORD presents several events each year that promote and advocate for standards, offer education, and feature exhibits of tools and services. Signature events include: ACORD LOMA Insurance Systems Forum The insurance industry s premier business, technology and networking event. Held annually in May in the U.S. ACORD Implementation Forum The official training and education event for implementation of ACORD Standards and Framework. Held annually in November in the U.S. ACORD Club Monthly information-sharing event focusing on business and technology issues affecting the London Market. Insurance Technology Congress Global insurance technology event held annually in October in London in partnership with Insurance Day magazine. Insurance Data and Analytics Summit Designed for C-suite executives, this annual event focuses on how data and technology can help drive business strategies. Held in New York City in partnership with Reactions magazine. 22

23 Third-Party Tools Third-Party Tools ACORD members receive special access to tools built by various third-party solution providers to help support implementation of ACORD standards. Current offerings include: PilotFish Technology XCS eiconsole for ACORD The Console is a graphical Integrated Development Environment that helps with development, testing, management, and maintenance of ACORD interfaces. Features include XSLT-based drag & drop data mapping, schema maintenance, validation, and a paint-by-numbers approach to prototyping interfaces. Tutorials and message templates are included. Each company is entitled to a one-seat license. ACORD is always exploring and incorporating additional third-party resources to assist with implementations. Please visit implementation/pages/tools for the most updated information. 23