Today’s technology-driven global market demands rapid access to critical business information. New business models, new competitors, new partnerships, M&A and ever-changing customer demands place unprecedented pressures on IT to provide cost-effective and high-quality information. These demands are especially prevalent in today’s highly competitive insurance industry.

Unicorn offers an off-the-shelf information model for the insurance vertical, thereby providing the quickest path to adopt ACORD, XBRL, HR-XML, and HL7 standards.

Regardless of size and scope, insurance enterprises must meet numerous state and federal regulations regarding record-keeping, client relations, and oversight. Standard business vocabularies, unified data schemas, and consistent data use are but a few of the areas with little implementation in the insurance vertical.

Flexible enterprise architectures are one obvious way to make insurance carriers more flexible. Such architectures encompass a number of elements: a centralized Information Model, a documented data environment (repository), the capturing of semantic mappings (physical schemas to the Information Model), and support for data management and data integration.

The Unicorn System provides these key enablers and offers insurance enterprises opportunities to reuse existing data sources, increase schema reuse, and avoid problems of terminological inconsistency.