ACORD OLIFE GROUP EMBARKS ON DEFINING TRANSACTION INTERFACES
ACORD president and CEO Gregory A. Maciag said, "By defining transaction interfaces, ACORD will now be able to deliver standards that will effectively support integration in the back office of the enterprise."
The working group is being co-chaired by Richard Burris, product development manager, Cybertek; and Cameron Cosgrove, vice president, information services, Pacific Life. Cosgrove said, "This is a strategic initiative because of the opportunity to define standard transactions that access our back office administrative systems. The pay-off will be the ability to surface those transactions on a Web page."
In addition to defining interface standards, the working group will take into account the technology platforms these standards will be implemented on, ensuring that they can be applied utilizing the technologies in the marketplace today.
The first meeting of the transaction interface working group is scheduled for August 16-17, 1999, and is sponsored by Pacific Life at their Newport Beach, CA facilities.
ACORD is a nonprofit insurance association whose mission is to facilitate insurance communications. ACORD accomplishes its mission by remaining an objective, independent advocate for sharing information between diverse platforms and among all data partners. ACORD's Standards and services assist in reducing costs and duplication of work, while increasing the industry's ability to exceed its customers' expectations.
More than 1,000 financial services institutions are affiliated with ACORD, as are 29,000 agencies, the major agency software providers, the national producer associations, users groups, and other industry organizations.