"Taking content from both sources and merging them into one cohesive and comprehensive model proved to be challenging but very beneficial to the Model itself," says Mark Orlandi, senior business analyst for ACORD. "On the surface, both models had very similar content and basic structures. However, when digging into the details, it became clear that there were subtle differences in design philosophies and basic modeling principles."
The Information Model 2.0 represents the concepts and relationships of the insurance industry across all domains, says ACORD, adding that the model will continue to be the basis of all standards development for the association. For members, the model will continue to be used as the basis of application development, for validation of existing models and as a source of information exchange between business and information technology for example.
ACORD adds that this model is the next step in its continued commitment to deliver enterprise architecture to the insurance industry, and having a single model representing the insurance industry will prove invaluable to the continued success of global standardization and business-to-business communication.
