APIs and Standards - The Digital Insurer...Decision API | Q2 2019 JSON Schema & OpenAPI format | Q3 2019 * APAC GI, Australia-NZ Life, Southern Africa Short Term ** Requested by Australia-NZ

APIs and StandardsSteven Tuften, ACORD

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Jan 2019

45+ Years of

Industry Service 8000+ Participating

Organizations 1200+ Standardized

Transaction Types

SERVING THE GLOBAL INSURANCE INDUSTRY

4 of 5 Top Brokers

9 of 10 Top Solution Providers

19 of 25 Top L&A Carriers

21 of 25 Top P&C Carriers

20 of 25 Top Reinsurers

FACILITATING GLOBAL DATA EXCHANGE

6,000ACORD regulatory

submissions to date

7,000Core systems leveraging

ACORD Standards

400,000ACORD forms downloaded

over last five years

9,000,000Annual ACORD

message transactions100+ Countries

1/3Global GWP by

ACORD

Carriers

Re

L&A

P&C

5

15

80

ACORDDigital StandardsMember Requirements• Internal integration via

Micro-Services architecture

• Mobile/Web App integration

• Partner Integration via API interfaces (Private)

• Open APIs (Public)

Existing XML Data model enhanced to support Resources

& Hyperlinks.

Resource Model derived from XML Model.

XML auto conversion to JSON.

Resource Model enhanced to generate XML/JSON.

API’s enhanced to support bespoke services.

ACORD XML Data Model/s

ACORD API Spec-

ification/s

ACORD Messaging

Spec-ification/s

Interim State

ACORD XML Data Model/s

ACORD Messaging

Spec-ification/s

Current State

ACORD Messaging Resource Library

ACORD XML Data Model/s

ACORDJSON Data

Model

ACORD API Spec-

ification/s

ACORD Messaging

Spec-ification/s

Bespoke API Spec-

ification/s

Target State

ACORD Messaging Resource Library

XML JSON

1 2 3Capabilities* by Phase

*Publish Claims Lodgement API,

JSON Converter | Q4 2018

Resource definitions & API

Implementation Guide | Q1 2019

**Claim Inquiry Decision API | Q2

2019

JSON Schema & OpenAPI format |

Q3 2019

* APAC GI, Australia-NZ Life, Southern Africa Short Term ** Requested by Australia-NZ Life Program

ACORD Asia-Pacific Digital Standards Roadmap