(Image credit: Dollar Photo Club.)
Insurance data standards organization ACORD will begin offering digital credentials, also known as digital badges, to organizations that can demonstrate ACORD compliance and the ability to exchange data accurately with other organizations.
Peter Teresi, VP, Standards & Technology, ACORD.
“ACORD data messages are the foundation of electronic processes for the global insurance industry,” comments Peter Teresi, VP, Standards & Technology, ACORD. “Certifying these processes will prove that an organization has correctly implemented the ACORD messages. It also allows other ACORD-certified organizations to identify potential business partners and begin exchanging data with them immediately.”
The first digital certification credentials being issued support specific components of the claims process and are available globally, ACORD reports. In addition to process certification, ACORD is issuing digital credentials to its ACORD Certified Expert (ACE) designees, who demonstrate expertise in implementing ACORD standards in various lines of business. Other credentials will be available to ACORD Award recipients, winners of the ACORD Insurance Innovation Challenge, and ACORD members.
ACORD Test Harness
Certifications will be validated by ACORD’s newly-redesigned test harness, which promotes interoperability for members using standards in the global market. The harness functions as a virtual trading partner, allowing users to validate their processes in a test environment before starting a real-world transaction. When a successful test of an insurance process is verified by the harness, ACORD will issue a certification in the form of a digital credential.
Digital credentials and the test harness are among the assets available to ACORD members as the organization expands its tools and service offerings. The organization asserts that the result will be better alignment between messages and business processes for more consistent and efficient workflow across the global industry, leading to easier ACORD implementation and added business value.