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Life, Annuity & Health Standards Program

 

ACORD's Life, Annuity & Health Standards Program supports the life, annuity, and health product lines as well as life reinsurance for individual and group lines of business. Through the Life, Annuity & Health Standards Program, and with membership support and the involvement of industry-sponsored volunteers, ACORD facilitates the development and maintenance of the ACORD Standards for Life, Annuity & Health.

ACORD invites you to learn more about the value of ACORD Life, Annuity & Health Membership for your organization.

ACORD Standards for Life, Annuity & Health

Life, Annuity & Health Data Model - The strength in the standards ACORD supports for the life, health insurance and annuity industries lies in the ACORD Life, Annuity & Health Data Model, which defines the data these industries need to communicate. By applying this data model to all the life specifications ACORD supports, the industry receives four major benefits: reusability, consistency, expandability, and interoperability.

XML for Life, Annuity & Health - ACORD XML (Extensible Markup Language) is the electronic language of the insurance Internet, facilitating real-time, cross-platform, peer-to-peer communication. ACORD XML for Life, Annuity & Health is based on the ACORD Life Data Model and provides a robust, industry-tested XML vocabulary.

Life, Annuity & Health Forms - The development of standard ACORD Life Forms is a response to an industry need for new ways to exchange information with trading partners, exploit new markets, and streamline the new business process. The forms are based on the ACORD Life Data Model to enable support of electronic exchange of life forms data.

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ACORD Life, Annuity & Health Standards Strategic Relationships

ACORD is leading the development of global life insurance standards through relationships with prominent industry associations. ACORD partners with these associations, and also harmonizes ACORD standards with those of other standards organizations, to support interoperability. Some of our strategic relationships include:

  • NAILBA - National Association of Independent Life Brokers and Agents
  • MIB - Medical Information Bureau
  • CLIEDIS - Canadian Life Insurance EDI Standards Association
  • LOA - Life Office of South Africa
  • DTCC - Depository Trust Clearing Corporation
  • IBM IAA - IBM Insurance Application Architecture
  • NAVA - Association for Insured Retirement Solutions
  • SOA - Society of Actuaries

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Industry Participation in Program

ACORD members are among the top insurance companies as reported by AM Best. They represent the leaders of the industry and are focused on implementations around the world including the US, Canada, Asia Pacific, Europe, Australia and South Africa. ACORD members represent 70% of the top 10 and 60% of the top 25. Members include Metropolitan Life, ING Group, Prudential, Principal Life, New York Life, ManuLife, GE Financial Assurance, Allstate and American General to name a few. For a complete listing of our membership, refer to our membership list.

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ACORD Life, Annuity & Health Standards Program Contacts

Life, Annuity & Health Program Management
Clifford L. Chaney
Phone: +1 402-328-2363
Email: cchaney@acord.org

Assistant Vice President, Standards
Lloyd Chumbley
Phone: +1 719-264-9621
Email: lchumbley@acord.org

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  ACORD Video
 

What is the value of ACORD Standards? This brief video answers your questions.

View more ACORD video at video.acord.org.