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Standards-based collaboration is helping insurance companies achieve their business goals by making it easier for people, systems, and processes to work together and for businesses to communicate and interoperate within an ecosystem. The insurance industry is evolving away from monolithic, silo-based organizations towards networked models where enterprises combine to deliver value. Increasingly, non-core capabilities are moving outside the enterprise and sourced externally in a Service-Oriented Architecture (SOA) or web services environment. A SOA is an application framework that takes everyday business applications and breaks them down into individual business functions and processes, called services. This whitepaper discusses the importance of insurance standards, the key standards bodies and usage of standards.

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Format:PDFSize:605 KB
Date:Aug 2005
Pages:20

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