In a move that should save ACORD years of standards process development time, as well as help IBM market insurance-specific middleware solutions, the two organizations have announced that IBM is contributing business-process models and other content to ACORD.
The donated computer code for more than 100 business-process models, model definitions and other content is part of IBM's Insurance Application Architecture (IAA)==the company's insurance-specific business and IT architecture framework.
"The donation will accelerate the development and adoption of business process standards that in turn will help address some of the global insurance industry's greatest challenges," according to an announcement from ACORD and IBM.
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