Just about everyone in the insurance arena agrees that having a single set of data standards for transactions is a good thing, but when it comes to how far along we are in developing such standards for the entire industry, experts have conflicting views.
Matt Josefowicz, an analyst for New York-based Celent, sees “a definite strong interest and good participation across the industry in data standards.” In particular, he said he has seen increased awareness among insurance organizations of the potential value of standards within the enterprise.
While the standards discussion has traditionally focused on the benefits for agency-carrier communication, Mr. Josefowicz said the newer internal emphasis has been aided by the rise of SOA–service-oriented architecture.
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