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Global Multi-Functional Standards

Global Multi-Functional Data Standards


Global Multi-Functional Standards Overview

ACORD provides Standards that span multiple functions and programs across the insurance value chain. These areas are constantly evolving to meet the emerging needs and capabilities for industry stakeholders.


Delegated Authority Standards

ACORD Standards for Delegated Authority support the requirements from data capture of the initial risk through to bind, and subsequent premium and claims reporting. ACORD Delegated Authority Data Standards are available in a fully indexed and searchable format.  The main release components are:

  • Release Notes: A list of changes applied to this standard since its last release
  • Help File: reference document for primary source of information for the Standard
  • Schema Files: used to validate an XML document 
  • Business Process Guide:  high-level process flows supporting the policy lifecycle
  • XML Sample Files: Example XML messages illustrating best practice message design
  • Data Requirements: List of London market data requirements supported by this release including XPath mappings to support consistent implementation
  • Cross Industry Schemas: common xml schema for open standards required for implementation

Key highlights for the most recent Delegated Authority Reporting release include the following capabilities:

  • Support for Risk Bound Reporting of additional Property data
  • Support for Risk Bound Reporting of additional Casualty data
  • Support for Risk Bound Reporting of additional Cyber Liability data

Below are the most recent versions of the ACORD Delegated Authority Standards releases. There are also Delegated Authority Messaging Standards included in the ACORD P&C XML Standards.

 


Common Services Specifications

Document Repository Interface (DRI)

ACORD Security Profiles

Process Service

ACORD Web Services Profile (AWSP)


Contact/Questions 

For more information, or access to older versions of the Standards, please contact Member Services.