Abstract
XML is impacting the life insurance industry in a big way. A large number of life insurance companies has taken hold at all major life insurance companies. Most companies are in the process of exploring XML usage and the need for a standard vocabulary in order to facilitate communication. The widespread adoption and success of XML in the industry is due to comes from the proliferation of several different versions of XML that are being created by the vendors, institutions, and other organisations. For the organisations that are looking at XML, the key is to understand the way how the technology works, and the specific business benefits that it can bring. From there, a life insurer can begin to investigate the technology components it will need in order to implement and support XML within its own operations. This paper takes a close look at how can the life insurance organisations benefit from the use of XML in their technology initiatives for sustenance and to gain competitive advantage in a changing marketplace.

Authors Umesh Kumar Rai Business Analyst Insurance Practice

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