Helping the Insurance Industry with ACORD Standards

Abstract

ACORD (Association for Cooperative Operations Research and Development, http://www.acord.org) is a global, nonprofit insurance association whose mission is to facilitate the development and use of standards for the insurance, reinsurance, and related financial services industries. ACORD standards are used by hundreds of insurance and reinsurance companies, and by thousands of agents and brokers, related financial services organizations, software providers, and industry organizations worldwide. The examples presented in this section of XQuery.com were designed to show you how you can take advantage of XQuery in your efforts to adhere to and comply with ACORD standards.

About the ACORD Messages Used in Our Examples

The ACORD XML standards for Life and Annuity are defined through a set of fairly extensive XML Schema, and companies dealing with ACORD often need to create and interpret messages defined according to those XML Schema. In particular, in the example introduced here and described in the following pages in this section, we focus on TXLife (Life Business Message Specification) and XMLife (Life Data Model Specification). Concepts similar to those used in this example can be adapted for different ACORD standards, or even for different industry sectors.

Read the full whitepapter as a PDF: Helping the Insurance Industry with ACORD Standards .