Value of Standards
ACORD’s Southern Africa standards enable all stakeholders to achieve significant capability improvements across the Insurance value chain that result in optimized efficiency, effectiveness, and flexibility.

The Southern Africa Short-Term XML Standard includes the following messages for commercial and personal lines of business:
- Policy lifecycle activities including:
- New Business
- Endorsement
- Cancellation
- Reinstatement
- Renewal
- Claims life cycle activities including:
- Claim Lodgement
- Claim Inquiry
- Reporting of:
- Claims Losses
- Claims premium
- Premium Collected
- Current Account Status
- Risks Bound
- Synchronisation of Policy and Claims data