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Latest News – September 2008
UN/CEFACT has published the new Version 08A of the UN/CEFACT Core Component Library (UNCCL08A). This version contains the first submission of insurance related core components prepared by the joint UN/CEFACT project P6 of eEG7 and ACORD (USA). The submission consists of two classes of core components (CCs): 1) CCs that are not insurance specific but cross-domain. To these CCs attributes have been added that are required for insurance purposes. Among these CCs are:
2) CCs that are insurance specific and/or are introduced to the Core Component Library for insurance purposes:
Please refer for the details directly to the Core Component Library UNCCL08A: Background information is available in the section “Global Insurance Standards” on this site.
A second set of Insurance Core Components was submitted to UN/CEFACT and is actually under review by the UN/CEFACT standards groups. This submission consists of CCs in the areas of insurance policy, different party roles (insurer, policyholder, insured, intermediary, driver, claimant, etc.), insured buildings, security measurements, premium and commission calculation, and several more. At least some of these CCs will be published already in the next version of the UN/CEFACT Core Component Library (UNCCL08B). eEG7 and ACORD (USA) are now working within the joint P6 project on the preparation of a third submission of core components. This submission will finally complete the requirements for the processes in the area of policy production and administration for the insurance lines motor and homeowner. Latest News – eEG7 Meeting October 2007
A second set of Insurance Core Components was finalised by the global UN/CEFACT project P6 and will be resubmitted now to UN/CEFACT for inclusion in the UN Core Components Library. This submission consists of Core Components in the areas of insurance policy, different party roles (insurer, policyholder, insured, intermediary, driver, claimant, etc.), insured buildings, security measurements, premium and commission calculation, and several more. eEG7 and ACORD (USA) are now starting within the joint P6 project the preparation of a third submission of core components. This submission will finally complete the requirements for the processes in the area of policy production and administration for the insurance lines motor and homeowner.
The eEG7 claims project work group finalised its first deliverable. The eEG7 SMILe model was updated with the required core components for the claims notification process in motor insurance. More than 60 core components with several hundred attributes were identified. eEG7 will now continue with the requirements of other processes for motor claims handling.
In October 2007 IBM announced a new version of the product IBM WebSphere Business Services Fabric. An additional part of that product is the IBM Insurance Property and Casualty Content Pack. In this pack IBM implemented industry standards from eEG7, ACORD, and IBM's IAA. Besides other parts the tool contains: - Business Glossary - a common vocabulary of P&C terms based on ACORD P&C standards, eEG7 SMILe data model and IAA business-object model. - Business Object Model - insurance P&C-specific business object models based on ACORD P&C standards and eEG7 SMILe data model. Please find more information in the announcement papers of IBM under the link: http://www-306.ibm.com/software/integration/wbsf/library/Latest News – eEG7 Meeting February 2007
A first set of Insurance Core Components was reviewed as a result of the joint UN/CEFACT project P6 to which eEG7 and its partners ACORD (USA) and CSIO (Canada) participate. These Insurance Core Components were resubmitted to UN/CEFACT in October 2006. This submission consists of Core Components in the areas of insurance coverage, coverage limits, coverage conditions, coverage clauses, deductibles, person, organisation, party group, address, and several more.
Several European countries expressed their requirements for the development of claims related core components. After a survey of these requirements eEG7 decided to set up a dedicated claims project work group with the convenor Valentijn Peute (ABZ – Solera, NL). The first priority is given to core components required for the business processes claims notification and claims settlement in motor insurance. Other lines of business (household, commercial, personal injury, workers compensation) and other processes (statistical report, loss assessment, coverage confirmation, fraud prevention, loss prevention) will follow. eEG7 invites organisations interested in the standardisation of claims related core components but not yet represented in eEG7 to participate to this development. Please contact Valentijn Peute ( Latest News – eEG7 Meeting October 2006
In October 2005 the first set of Insurance Core Components were published as a result of the joint UN/CEFACT project P6 to which eEG7 and its partners ACORD (USA) and CSIO (Canada) participate. Due to the changed UN/CEFACT submission rules and due to the newest insurance requirements from eEG7 and ACORD the Insurance Core Components were updated and will be resubmitted to UN/CEFACT in October 2006.
In each European country standards are used to facilitate electronic processes in insurance business. These standards are based on different modelling approaches and different implementation techniques. And they are designed for specific processes tailored to the requirements of the national markets. The usage of these standards is of varying success. eEG7 has finalised the survey and benchmark of the usage of insurance standards for electronic processes in the European countries. An ontology database is used to capture the survey results and to form the basis for comparative research. eEG7 is providing its members a database of strong expressiveness to benchmark the situation in the own market in comparison to other markets and to give guidance for future developments and adoption of results of other countries.Latest News – eEG7 Meeting October 2005
eEG7 welcomed the submission of the insurance core components to UN/CEFACT for inclusion in the global core components library. These insurance core components were jointly developed in the global UN/CEFACT project P6 with the partners ACORD (USA) and CSIO (Canada). For more information please find under “Global Insurance Dictionary” the press release and the complete dictionary.
Latest News – eEG7 Meeting June 2005
eEG7 welcomed the Austrian Insurance Association as a new member which was confirmed officially during the latest eEG7 meeting. The Austrian Insurance Association already very actively supported the eEG7 project groups for Healthcare Insurance and for Statistics, for several meetings. Their participation in these activities will continue.
Due to his planned retirement in 2006, the chair Luc Sterck (PORTIMA, Belgium) had already announced at the last eEG7 plenary meeting that he would resign from his office at the eEG7 meeting in June. The elections held at the eEG7 plenary meeting in June resulted in the following new eEG7 officers:
Dr. Manuel Reimer thanked Luc Sterck in the name of the whole group for his long-standing involvement in eEG7, since its foundation in 1988. From the beginning Luc Sterck acted as eEG7 secretary before he was elected in 1997 as eEG7 chair. eEG7 owes him a debt of gratitude for his outstanding contribution to the development of insurance standards. He will continue his participation to eEG7 until his retirement in 2006.
eEG7 is strongly supporting the development of interoperable insurance core components under the global UN/CEFACT project P6. Partners in this project are ACORD (USA) and CSIO (Canada). During the last P6 project meeting a first set of global insurance core components were finalised and it was decided to submit them to UN/CEFACT TBG17 for inclusion in the global core components library. At its last meeting the eEG7 plenary welcomed and confirmed unanimously the P6 decision to submit these globally harmonised insurance core components as an international standard within UN/CEFACT.Latest News – eEG7 Meeting January 2005 eEG7 welcomed ACORD as a new member. Based in New York, ACORD (Association for Cooperative Operations Research and Development) is a global, non-profit insurance association whose mission is to facilitate the development and use of standards for the insurance, reinsurance and related financial services industries. With its office in London, ACORD serves the insurance industry in Europe especially the London Market. Through its membership ACORD will closely co-operate with eEG7 for the requirements of its European clients.
Healthcare Insurance Statistics Commercial Insurance The eEG7 Promotion Group has finalised the redesign of the eEG7 web site which was released after the January meeting. eEG7 Seminar on 'International Standards and the usage of XML for Insurance Purposes'. Powerpoint presentation available now for download - InternationalStandards.zip (1.49Mb). |
First set of Insurance Core Components are part of UN/CEFACT Core Component Library 
) or the eEG7 technical administrator Nigel Wooden (
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