The first component of the ACORD Standards Framework, an initial content release (ICR) of the Single Business Data/Information Dictionary, has been made available by the standards organization. The dictionary was one of the objectives outlined in the ACORD Standards Strategy announced in March.

The dictionary brings together insurance business terms from three ACORD domain standards (life and annuity, property and casualty/surety, and reinsurance/large commercial); the business terms from the IBM intellectual property contribution; and a portion of the harmonized data dictionary released by ACORD, eEG7, and CSIO last year.

The first release of the dictionary contains more than 10,000 identified business terms, definitions, and mappings. Where possible, there has been a preliminary data harmonization to a single element name and definition for concepts such as coverage, party, or claim. The goal is to issue the full harmonized dictionary in the third quarter for validation and review by the membership.