P-C ACORD-XML Standards Advance If I could characterize the past year, it would be the time when “the rubber met the road.” ACORD XML Standards and real-time delivery capabilities truly came off the paper of theory and into the realm of reality, impacting agents and their carriers in a big way.
In just the last year alone, 44 new XML messages for property and casualty business have been developed, in addition to the build-out of several other messages, bringing the total number available to 644.
As a result of all of this activity, some interesting trends have also emerged. Were seeing carriers and solution providers gaining greater appreciation for the impact XML standards can have internally, helping to connect the many different systems together. It has already been established that systems integration can often be the difference between a successful partnership and one that fails. The “go” or “no go” decision in a merger or acquisition deal sometimes hinges on whether the new, larger entity will be able to operate smoothly or suffer from prolonged and “resource-draining” incompatible systems.
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