XML aids cross-company collaboration. (E-Fusion Conference: Innovation; Technology).What the World Wide Web did for human communication, new Internet-based tools are about to do for insurers in the corporate environment, a Microsoft Corp. executive said. Those new tools, falling under the heading of Web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. , will enable different corporate applications in different companies to work together in ways that haven't been possible before, despite the promises of Web-based technologies such as the Java programming language, said Kevin Kelly Kevin Kelly may refer to:
Underlying much of the coming revolution will be extensible markup language See XML.
(language, text) Extensible Markup Language - (XML) An initiative from the W3C defining an "extremely simple" dialect of SGML suitable for use on the World-Wide Web.
http://w3.org/XML/. , or XML XML
in full Extensible Markup Language.
Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. , which allows bridges to be built between companies and platforms, Kelly said.
Kelly stressed that Web services already are in the real world, citing examples of a "full-blown, wireless agency management system" that's been deployed, and an application in which Travelers Property & Casualty Insurance tied into a pre-existing system widely used by auto glass shops.
He drew an analogy with the development of the Web, which through shared languages and protocols has become seamless, despite the array of technology platforms underlying individual sites. Web services are about to put collaboration across corporate platforms on the same level of ease, he said.
Using XML and other tools in the field of "application-to-application" programming, Kelly said, "We've solved what used to be the first two weeks of integration meetings."
Kelly said ACORD ACORD Association for Cooperative Operations, Research and Development
ACORD Agency for Cooperation and Research in Development
ACORD Association de Coopération et de Recherche pour le Développement (French) , an insurance industry standards organization, has become a key partner in the Web Services Interoperability The Web Services Interoperability Organization (WS-I) is an industry consortium chartered to promote interoperability amongst the stack of web services specifications. Organization, a wider effort among industries to foster development of Web services.
Web services will make it easier to build online insurance exchanges, because "now there's an application engine" in place of the "duct tape and baling wire baling wire
wire used for baling hay which can cause injury to animals. A constant hazard on farms which use hay baled with wire. The most serious injuries are to the lower limbs of horses when they are accidentally entangled in the wire, and traumatic reticuloperitonitis when the " that's been used to date, Kelly said.
Another example of the potential, Kelly said, would be tying a claims system in with suppliers' catalogs to find the prices of materials and thereby calculate settlement amounts more quickly and accurately.