MarketplaceStudioActivityInsurance Data Exchange Accelerator for ACORD

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Insurance Data Exchange Accelerator for ACORD

Insurance Data Exchange Accelerator for ACORD

by YouTube

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Activity

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Summary

Summary

The Accelerator converts an ACORD XML into strongly typed ACORD business objects in compliance with relevant ACORD Schema

Overview

Overview

Insurance industry uses ACORD as a standard for exchanging information between business entities for various product and process specific business transactions. While modern Core platforms (such as Policy Administration, Claims and Billing) provide capability to exchange information through Webservice or API, due to legacy footprint and business spread across multiple systems, Insurers are implementing front-end based automation of transactions even when the digital systems (such as Agency Management Systems, Portals etc.) are able to submit transactions in ACORD compliant XML. This accelerator helps RPA Developers in applying ACORD standard data model for mapping to front-end based automation for legacy core platforms as well as defining data for services based integration with non-ACORD compliant systems. The accelerator increases re-usability and accuracy while reduces effort in defining custom data variables across the transactions.

While generic XML Deserializers can ingest XML content and provide deserliazed DOM objects, they are still complicated to navigate through the elements to locate and fetch business information. This activity package has used the Microsoft Visual Studio XSD.exe tool to generate a strongly typed class library using the ACORD P&C XSD files and provides an activity to take in any XML file or string and provide an ACORD object as output.  Strongly typed ACORD objects are easy to navigate using Intellisense to locate and fetch business information. 

To explore the use cases with examples of how Insurers are using UiPath's Insurance Accelerators get optimum business benefits - contact:

Sathyanarayanan Sethuraman - Global Insurance Practice

sathyanarayanan.sethuraman@uipath.com

Features

Features

Easy navigation and use of ACORD business objects to map to fields between interaction channels (emails, native and scanned documents, portals, Agency / Broker Management Systems etc.) and Insurance business applications (such as Guidewire, DuckCreek or other customized policy administration and claims management systems)

Additional Information

Additional Information

Dependencies

ACORD PC XML v2.5.0 standards ACORD XML Business Message Specification for P&C Insurance and Surety provides XML Transaction specifications including Schema Definitions (XSDs) to validate the XMLs.

Code Language

Visual Basic

Runtime

Windows Legacy (.Net Framework 4.6.1)

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