AL3 - Insurance Software development

What is the difference between 5PPH and 5OIC groups in AL3?

Author - Webner
02/13/2023
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4:47 am
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0 Comments
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ACORD AL3, Insurance
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Post Views: 147

5PPH (Prior Policy History Group)

This group refers to the Prior Policy History Group (like the previous carrier, policy number, etc). The relevant historical information pertaining to this policy is contained in this common element group. It has nothing to do with Loss History in any manner (Loss History is related to Claims). Any particular transaction may employ as many groups as are necessary to include the relevant Prior Policy History.

All business lines utilize this group. If a line requires more information, it will define a line of business-specific history groups to hold the extra data […]

Deductible, Limit, and Premium and the name of the AL3 group where we can find these for AUTOP

Author - Webner
02/03/2023
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4:44 am
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0 Comments
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Insurance
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Post Views: 186

Deductible

Your policy deductible, also known as an annual deductible, is the amount you are responsible for paying out of pocket prior to your insurance policy providing support and coverage. It essentially amounts to a risk-sharing arrangement between your insurance provider and you.

Small company owners are often given a choice of deductible choices by insurance companies. Choose a modest deductible if you’d prefer to reduce your claims to a minimum. However, this usually results in a premium increase. Instead, get a high-deductible policy if you don’t mind paying extra out of pocket for […]

AL3 Downloads Policy Reconciliation Overview

Author - Webner
12/19/2022
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4:35 am
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ACORD AL3
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Post Views: 189

In AL3 downloads, if a policy matches more than one policy record in AMS/CRM, that means we need to take a look at the downloaded transaction record and manually merge it to the correct original policy. This is where the Policy Reconcile process comes into the picture. All such policy transactions are put into manual reconciliation mode and the user gets a screen to take a look at each such policy. Users can search in the original policy list at this point and match the duplicate with the correct policy. This process is called Policy Reconcile Process or Policy […]

What is Towing and Labor Costs Coverage?

Author - Webner
06/24/2022
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4:49 am
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0 Comments
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ACORD AL3, Insurance
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Post Views: 452

Introduction

Towing and labor cost coverage is an optional coverage that pays the cost of towing the vehicle to a repair shop when it is unable to be driven. It also covers a specified amount of necessary labor charges at the place of the breakdown

By adding this coverage to the car insurance policy, insureds can protect themselves against some of the costs and hassles associated with common roadside breakdowns like dead batteries, flat tires, or even an embarrassing lockout. An insured must ask the insurer while buying the policy as some the insurers automatically fold this coverage […]

What is Property Damage Liability and in which AL3 group its details can be found in Personal Lines policies? Which elements are important in this group to get the details?

Author - Webner
02/24/2022
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4:38 am
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0 Comments
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ACORD AL3, Insurance
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Post Views: 1,028

PROPERTY DAMAGE LIABILITY:

Automobile insurance covers property damage liability. If the person (insured) is at fault who caused damage to another person’s property or vehicle, it helps in covering damage charges of another person which took place in a car accident. In most states, it is mandatory to take property damage liability coverage. However minimum amount requirement of property damage liability depends upon the state in which the insurance policy has been taken.

INCLUSIONS IN PROPERTY DAMAGE LIABILITY:

PRIVATE PROPERTY: vehicles, houses, lawn, fence.
PUBLIC PROPERTY: street lights, fencing, building, road […]

Basic Structure of AL3 File

Author - Webner
12/15/2021
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4:18 am
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0 Comments
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Cloud, Insurance
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Post Views: 737

Basic Structure of an AL3 file:

AL3 file includes two types of groups:

Transaction Groups: Carries data related to the transaction between the source and destination
Data groups: Carries the data of the policy.

Transaction Groups:

1MHG: The Message Header Control Group
This is the first group where the transaction starts indicating the logical start of the message. This group includes the address of the sender and receiver (Agency-Company) of the message along with the message text carrying the instruction of what to follow to receive the message and […]

How to open ACORD AL3 files

Author - Webner
11/25/2021
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4:32 am
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0 Comments
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ACORD AL3
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Post Views: 1,038

What is AL3?

AL3 is one of the P&C standards created by ACORD. This standard was developed in the early 1980s. AL3 is designed as a batch communication method for policy and commission data. Data dictionaries and supporting documentation of AL3 standards are stored in the Access database maintained by ACORD. This database is mainly updated every 6 months with new variations and changes.

AL3 standard is widely used across the Insurance industry of the USA for property and casualty data transmission. As per ACORD, more than 500 companies are using this standard.

ACORD AL3 Library […]

Personal and Commercial AUTO Insurance and related ACORD AL3 groups

Author - Webner
05/24/2021
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5:11 am
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0 Comments
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ACORD AL3, Insurance
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Post Views: 1,076

The main difference between personal and commercial auto insurance depends on who owns the vehicle. If your business owns a vehicle that is used for business purposes, it will be covered by commercial auto insurance.

Commercial auto insurance covers accidents that occur while you or your employees are driving a commercial vehicle. While both personal and commercial auto policies pay for legal and medical bills associated with auto accidents, commercial auto insurance usually covers higher claims, different types of vehicles, and more complex legal issues.

A commercial policy typically ensures all the business’s employees and additional insureds, It means […]

Introduction to WinsurTech AL3Parser, AL3 Web Viewer and AL3Creator

Author - Webner
01/20/2020
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6:16 am
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0 Comments
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Web Development
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Post Views: 1,516

WinsurTech AL3Parser

AL3Parser allows converting AL3/DAT files into JSON and CSV formats. It is a command-line application.

WinsurTech AL3Viewer

AL3Viewer is a Web application that uses AL3Parser on the server-side. It displays AL3 files in a web browser in a readable format. It is a free application that allows viewing the data in different formats like flat view (key-value) and in a tree view (hierarchy). It also allows downloading the AL3 data in CSV, JSON & simplified-JSON formats. To use AL3 Viewer, you just need to upload a file with extension .AL3 […]

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