ACORD-PCS

The modern non-life insurance XML.

Definition

ACORD PCS covers quote requests (RatingService), issuance (PolicyService), claims management (ClaimService) and billing. Uses versioned XSD schemas. Adopted by P&C majors (AIG, Zurich, AXA, Generali).

Origin

Launched in the late 1990s, current version 2.x.

Example in context

An ACORD PCS PolicyService message to issue a multi-peril home insurance policy.

Related terms

• ACORD AL3 — legacy predecessor.