ACORD bestowed an Early Adopter Award on online insurance provider InsWeb for its efforts to develop the XML (Extensible Markup Language) standard for p/c insurance transactions. According to Gregory A. Maciag, president and CEO of ACORD, InsWeb’s early adoption of XML and negotiations with other companies to reach a consensus on specifications have been “extremely valuable.” InsWeb collaborated with The Hartford earlier this year to implement a live interface using the ACORD XML P&C specifications to facilitate real-time auto insurance quotes for online consumers.
Was this article valuable?
Here are more articles you may enjoy.
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
Fingerprints, Background Checks for Florida Insurance Execs, Directors, Stockholders? 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions From This Issue
