The Capability Model is one of several facets in the ACORD Framework that offers members a new approach to standard-setting and implementation. Authors are providing a valuable asset never before offered by ACORD as they enter a new era of model-based application development. Their community’s ability to create and maintain the Capability Model makes possible benefits and cost savings for all participants.
There are a broad range of strategic and tactical uses for the Capability Model within an insurance company. A capability model can be one of the foundational components of a holistic architecture methodology. Perhaps the core value of the Capability Model involves improving communication and providing an organizational framework.
