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  ACORD XML Life Standards

3 Day Training Program

Need training on XML or ACORD Standards? Arrange for a private class at your company or consider holding it virtually.


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ACORD XML

Life Standards

3 Day Training Program

The ACORD XML standard for life insurance has seen tremendous adoption in the marketplace.  The number of uses and depth of the standard has grown exponentially since that time.  Unfortunately, for you, it also means it has become enormous and thus difficult to navigate.

This training class will break this standard into manageable pieces to ensure you obtain an in-depth understanding of both the data structure (XMLife) and transaction layer (TXLife).   It also covers XtbML, ACORD's tabular data standard.  A detailed walkthrough will be covered along with specific use cases demonstrating how to model real-life situations.  It is based on the most recent official version of the standard published by ACORD to date.  

Topics include:

Structural walkthrough of:

Parties (persons and organizations)
Various types of insurance including life insurance, disability, health and annuities
Investments contracts
Financial Activities, arrangements and statements

Use cases demonstrating how to:

Use relationships
Support the new business process
Deal with beneficiaries
Use the model to represent in-force information
Tie product information to the instance of a policy  

Business process support, including:

Financial Activity Management
Producer Management
New Business Features
Inforce Policy Features

Future enhancements to data structure based on pilot versions or working group proposals

XML application:

Difference between XMLife and TXLife / when and how to use both
Detailed walkthrough of XMLife and TXLife Structures
Use cases showing how a particular transaction would look in XML, including but not limited to new business and in-force processing
Future enhancements to transaction structure based on pilot versions or working group proposals
Overview of specification maintenance process managed by ACORD

Additional topics as requested by students in advance

Prepare in advance:

Use your time wisely and provide the instructor with specific issues you are trying to work through.  When feasible, examples provided at least one week prior to the course will be worked into the use cases.

Target Audience:

This class targets business analysts and developers who are trying to use the ACORD XML standard.   Students should already have basic XML knowledge.  Vallue's XML Basics course serves as a pre-requisite.  

If class is intended for business analysts with no XML exposure, agenda can be customized for this audience upon request.

 

[ General ACORD Life XML ] Focused Topics ] MIB ] NAVA ] NAILBA ] Business Issues ] Public ]