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Oban has built an ACORD compliant Insurance Gateway. The gateway bridges the gap between the back-office Registry and the Insurance company using the ACORD insurance messaging standard.
ACORD (Association for Cooperative Operations Research and Development) is the global standards-setting body for the insurance industry. ACORD facilitates fast, accurate data exchange and efficient workflows through the development of electronic standards, standardised forms, and tools to support their use.
The intention is to apply the ACORD standard to automate all aspects of group and individual insurance, including:
There will be two secure transport protocols offered, namely:
This will ultimately open up access to those components of insurance that has previously eluded members. Members will now have real-time access to their insurance information.