| Phased Implementation of ACORD standards |
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Phased Implementation of ACORD standards As an example the ACORD placing message contains over 300 data items, only a fraction of these may be currently contained in a broker’s or underwriter’s system. Initial phases would implement a defined sub-sets of the data items. Some organisations may want to send additional data to a certain business partner rather than that specified in a defined implementation phase. Providing this data is within the overall standard then this is still compliant. An organisation who receives this additional data can either electronically process it or just store the details. Refer to the conceptual illustration below.
Where an organisation requires additional information not within the standard then they should seek to enhance the standard accordingly. |

