Property & Casualty
| Home |
 |
What's
the P&C Specification?
This specification addresses the data management
needs of the Property and Casualty (P&C) insurance community. It uses
OMG’s Model Driven Architecture principles and related standards (http://www.omg.org/mda/).
Also, this specification uses
existing P&C industry standards (e.g., IBM’s IAA) as a source for
the P&C Business Glossary and associated models.The scope for this initiative includes the U.S.P&C marketplace data
for the core Party, Policy, and Claims Subject Areas.
Additional data models have been included to sub-types and roles and to
further describe the major entity concepts of
Accounts and Agreements, Assessments, Events, and Money.
This specification does not include initial models
incorporating billing, agency, reinsurance, or other functions within
the insurance value chain. These are to be addressed in subsequent OMG
specifications. View the specification here. |
|
The P&C Data Model Working Group (WG) is focused
mainly on the regulated USA Property and Casualty insurance industry for
both Personal and Commercial lines. The ceded reinsurance view is
included; but, the reinsurer view is not. The WG is focused on the data
and models needed to support New Business, Policy Administration, and
Claims.
|
Conformance
Many organizations of varying types may desire to
use the P&C Data Model in varying ways. We encourage all interested
organizations (carriers, vendors, consultancies, agencies, etc.) to
explore ways to use this model to its best advantage.
However, for an organization to be considered to have implemented this
model in conformance with the OMG standard, the
following conceptual major data entities must be implemented exactly as
represented in this submission document. All other
entities can be extended or collapsed as the organization’s needs
dictate. Major Property and Casualty Data Model Entities:
 |
Account |
|
Insurable Object |
|
Policy Deductible |
|
Activity |
|
Location Address |
|
Policy Limit |
|
Agreement |
|
Money |
|
Product |
|
Claim |
|
Party |
|
Product Coverage |
|
Communication |
|
Policy |
|
Reinsurance Agreement |
|
Coverage |
|
Policy Coverage Detail |
|
Reinsurance Coverage |
|
EventGeographic Location |
|
|
|
|
Resources
Last updated on
10/12/2012
|
