Component Model V2.4
The ACORD Reference Architecture provides an enterprise architecture framework for the insurance industry. It consists of business processes, standards, information models, software, and infrastructure analysis to run and operate insurance companies and applications efficiently.
The Component Model contains the relevant information and properties required for specific business activities, or components, which make up insurance business processes. It provides a bridge between business concepts in the Capability Model and data concepts in the Information Model. ACORD components are intended to be customized for independent development using your own system framework. This model has many uses, including portfolio rationalization design and the basis of specifications for software builds or buys. It uses technology-neutral concepts defined in business terms, allowing for implementation across development platforms.
Version 2.4 is the most updated version of the Component Model.
ACORD Reference Architecture components are also available to download for subscribers in the Reference Architecture area.