In an effort to continue its promotion of insurance industry standards, IBM announced yesterday that it is donating technology assets to ACORD. Seeking to encourage collaboration and drive innovation in the insurance industry, IBM will donate its Insurance Application Architecture (IAA) Business Object/Data Model and the IAA Product Specification Diagram (PSD) Notation to the Pearl River, N.Y.-based standards development organization.
The donated models, from IBM's IAA—the company's insurance business and IT architecture framework—represent a significant contribution of intellectual property associated with IBM's insurance industry models, says the company. IBM continually develops IAA in collaboration with 100 leading insurance companies around the world, and more than 200 insurers worldwide have licensed the IAA model. The IAA Business Object/Data Model, coupled with the existing ACORD Information Model, is intended to form the building blocks for the next version of the ACORD Information Model.
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