The recent donation from IBM consists of the IAA businessobject/data model and the IAA product specification diagramnotation. Both were developed by IBM in collaboration with 100leading insurance companies around the world, and the IAA model hasbeen licensed by more than 200 insurers worldwide.
ACORD accepts intellectual property contributions from membercompanies on behalf of the industry to further enhance and expandits standards.
The information model plays a central role in the ACORD framework,a series of 5 interrelated models that can be used to developconsistent standards regardless of type, geography or line ofbusiness. The facets are: a business dictionary, a capability modelwith process maps, a component model with service maps and a datamodel.
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