IBM has announced it is donating technology assets, including its IAA Business Object/Data Model and the IAA Product Specification Diagram (PSD) Notation, to help promote insurance industry standards.
These technology assets that are built combining IBM hardware, software, and research will be donated to the Association for Cooperative Operations Research and Development (ACORD), a nonprofit standards development organization serving the insurance and financial services industries.
The announcement is building on an effort to encourage collaboration and drive innovation in the insurance industry. The adoption of standardized business processes and models will make it easier for insurers to work with agents, brokers, and other data partners.
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