acord industry insurance

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Claims Processing Reference Architecture

Claims Processing Reference Architecture provides quality services in the field of Auto Insurance Claims Processing however these components can be leveraged for other forms of claims processing such as: Home, Medical, Mortgage, and other general claims processing services to work on behalf of clients for better advanced services. Today, global insurance industry is facing a challenge to provide cutting edge services and value added customer experience coupled with faster response time and easily adaptable services. Like with the other Financial Services architectures released, this reference architecture leverages the ACORD standard throughout. This insurance interoperability with both Commercial Off The Shelf (COTS) and custom built applications in your enterprise.

Shown above is the flow and business process demonstrated in the reference architecture. There are multiple personas involved from third parties, agents and internal personal such as various underwriters.

All of this workflow is managed from Windows Workflow Foundation (WF) and uses various technologies to implement.

Demo

Get the code and the binary installers:

Demo

Get the code and the binary installers:

The framework provides a unique architectural approach to accomplishing this business need by abstracting the complexity. While this approach is appealing and have been attempted, they usually fails because people don’t know where to start, due the size of it’s scope, mistake prone and mistakes are expensive, usually involves a lot of foundational work that are not directly related to meeting the business needs (e.g.: using ACORD to design systems), etc. The uniqueness of our approach is we enable jump starting and organic evolution towards alignment by providing a rich set of assets/artifacts that align with industry models (e.g.: alignment to Motion insurance model) and semantic definitions (ACORD standards). We can abstract the many different policy administration system into a set of service that we can consistently use for business process composition.

Below is just a fraction of what is delivered in the framework:

To sweeten the pot, we have even included SDK-like help files that will allow you to navigate the framework with ease.

For more details look on the CodePlex and MSDN Architecture Center sites.

At the Office Developers Conference this week I announced the release of the Financial Services OBA Component Library. The Financial Services OBA Component Library is a comprehensive set of OBA components that span across key areas in the Banking, Insurance and Capital Markets industries. The components are built in a composite way. This enables customers to assemble OBA components into existing or new business processes.
There are three things you need to know about the Financial Services OBA Component Library:
- First, these components are built as composite OBA components. This makes these components composable in a mash-ups fashion. Since the components are driven by industry scenarios they address discrete areas of functionality in financial services business processes.