ACORD-ML-XML-STANDARDS

ACORD XML for multi-line commercial.

Definition

ACORD ML XML covers Commercial Property, Casualty, Marine (Cargo, Hull), Surety, Aviation, Equipment Breakdown lines. Versioned XSD schemas (~2.6 current) with BindingRequest, BindingResponse, PolicyDeclaration, QuoteRequest messages. Adopted by Hartford, Chubb, AIG, Zurich. Coexistence with still-present legacy EBIX.

Origin

ACORD Multi-Line XML published 2001 ; v2.6 release 2024.

Example in context

A broker issues an ACORD ML XML QuoteRequest for marine coverage to 3 carriers ; receives QuoteResponse within 4h via API.

Related terms

• PCS Personal Lines — personal twin.