Insurance industry adopts ACORD XML

摘要

The industry in which Transamerica Life Canada works is changing, and in order to continue interacting and competing with others in its sectors, the company has no choice but to change with it. The insurance business is increasingly moving to ACORD (Association for Co-operative Operations Research and Development) XML. Each day, underwriters for Transamerica assess hundreds of insurance applications. To make an informed judgment, the underwriters need access to information collected by other insurance companies, which is fed into the Medical Information Bureau (MIB) database.