Yolanda Austin’s Post

As an insurance carrier, how do you develop your products? Using the ACORD Reference Architecture’s Product Model, insurance carriers can easily compose and compare lines of business, accelerating the product definition process. For example, if you’re a P&C carrier specializing in auto, and you want to expand into aircraft, you can use the Product Model to see the similarities and differences in your existing policies. By identifying those similarities, your organization can determine how long it will take to bring new products to market, saving time and resources at all levels of the enterprise. See how the Product Model fits within the greater ACORD Reference Architecture: https://lnkd.in/dK-vzByi #UnderstandingRA

As an insurance carrier, how do you develop your products? Using the ACORD Reference Architecture’s Product Model, insurance carriers can easily compose and compare lines of business, accelerating the product definition process. For example, if you’re a P&C carrier specializing in auto, and you want to expand into aircraft, you can use the Product Model to see the similarities and differences in your existing policies. By identifying those similarities, your organization can determine how long it will take to bring new products to market, saving time and resources at all levels of the enterprise. See how the Product Model fits within the greater ACORD Reference Architecture: https://lnkd.in/dK-vzByi #UnderstandingRA

As an insurance carrier, how do you develop your products? Using the ACORD Reference Architecture’s Product Model, insurance carriers can easily compose and compare lines of business, accelerating the product definition process. For example, if you’re a P&C carrier specializing in auto, and you want to expand into aircraft, you can use the Product Model to see the similarities and differences in your existing policies. By identifying those similarities, your organization can determine how long it will take to bring new products to market, saving time and resources at all levels of the enterprise. See how the Product Model fits within the greater ACORD Reference Architecture: https://lnkd.in/dK-vzByi #UnderstandingRA

As an insurance carrier, how do you develop your products? Using the ACORD Reference Architecture’s Product Model, insurance carriers can easily compose and compare lines of business, accelerating the product definition process. For example, if you’re a P&C carrier specializing in auto, and you want to expand into aircraft, you can use the Product Model to see the similarities and differences in your existing policies. By identifying those similarities, your organization can determine how long it will take to bring new products to market, saving time and resources at all levels of the enterprise. See how the Product Model fits within the greater ACORD Reference Architecture: https://lnkd.in/dK-vzByi #UnderstandingRA

Insurance organizations encompass a wide range of business capabilities, both internal and external. Without proper structure, a company is left unorganized, making further growth both difficult and tedious. 🗂️ This week, we’re highlighting the first process-oriented facet of the ACORD Reference Architecture, the Capability Model. The Capability Model defines a baseline of abilities and activities across the insurance value chain. For any one organization, the Capability Model can help design a company structure, facilitate capital project planning, determine claim reviews, and more. Using this all-encompassing reference model, insurers can operate and innovate with confidence: https://lnkd.in/dK-vzByi #UnderstandingRA

Insurance organizations encompass a wide range of business capabilities, both internal and external. Without proper structure, a company is left unorganized, making further growth both difficult and tedious. 🗂️ This week, we’re highlighting the first process-oriented facet of the ACORD Reference Architecture, the Capability Model. The Capability Model defines a baseline of abilities and activities across the insurance value chain. For any one organization, the Capability Model can help design a company structure, facilitate capital project planning, determine claim reviews, and more. Using this all-encompassing reference model, insurers can operate and innovate with confidence: https://lnkd.in/dK-vzByi #UnderstandingRA

Insurance organizations encompass a wide range of business capabilities, both internal and external. Without proper structure, a company is left unorganized, making further growth both difficult and tedious. 🗂️ This week, we’re highlighting the first process-oriented facet of the ACORD Reference Architecture, the Capability Model. The Capability Model defines a baseline of abilities and activities across the insurance value chain. For any one organization, the Capability Model can help design a company structure, facilitate capital project planning, determine claim reviews, and more. Using this all-encompassing reference model, insurers can operate and innovate with confidence: https://lnkd.in/dK-vzByi #UnderstandingRA