IBM has announced it is donating technology assets, includingits IAA Business Object/Data Model and the IAA ProductSpecification Diagram (PSD) Notation, to help promote insuranceindustry standards.
These technology assets that are built combining IBM hardware,software, and research will be donated to the Association forCooperative Operations Research and Development (ACORD), anonprofit standards development organization serving the insuranceand financial services industries.
The announcement is building on an effort to encouragecollaboration and drive innovation in the insurance industry. Theadoption of standardized business processes and models will make iteasier for insurers to work with agents, brokers, and other datapartners.
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