Many of you reading this are abundantly aware of the amount of time and energy wasted typing and re-typing information into underwriting and policy systems. The issue is especially apparent when multiple parties exist in the value chain (e.g., agency, MGA, carrier).
Specializing standards-based data using processes and components — that are also managed by standards organizations — is a way to drastically reduce the problem. Fortunately for all of us, this work is going on right now.
Standards organizations like ACORD have done an excellent job of creating data exchange standards for B2B information exchanges, but there's always been something missing: context. Without context, a messaging layer is like a box filled with Legos. The context is found within processes, which are realized through components. Those components communicate through both generally (simple create, read, update, delete) and process-specific services. Those services communicate with messages.
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