| Publisher | ACORD | ||
|---|---|---|---|
| Format | 2.2MB PDF | Date added | 01 Feb 2005 |
| Topics | Sarbanes-Oxley | ||
| Downloads | 70 | ||
Standards, from their paper form to EDI to the emergence of XML, are indispensable in facilitating communication not only among organizations within the insurance value chain, but also connecting internal and external systems. By creating a vocabulary that all participants can understand and agree to, information can be passed and understood quickly and without the time and expense used to interpret disparate "tongues." This helps fulfill some of the needs for data within the industry.
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