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WANDReview January '25 Edition

Writer's picture: Shawna PrattShawna Pratt

The latest WAND Taxonomies, Glossaries, CDMs, and Updates


Major Insurance Taxonomy Updates!

This month, WAND focused on updating all of our insurance taxonomies including our Property and Casualty Insurance Taxonomy, Life Insurance Taxonomy, Health Insurance Taxonomy, and broader Insurance Taxonomy.


We added a total of 4,924 new terms and synonyms across these four taxonomies, ensuring you have the most up-to-date terms for all things insurance!



Property and Casualty Insurance Taxonomy Update


Check out our updated Property and Casualty Insurance Taxonomy today and access new terms such as Spouse's Stepchild, Named Insured on Binder, and Policy Conditions.


As with all our taxonomies, you can view and download the full list of updated terms by visiting the WAND Taxonomy Library Portal.





Life Insurance Taxonomy Update


We also added 350 terms to our Life Insurance Taxonomy. New terms include Hang Gliding and Patient Medical Records.


Please check out and download the most recent Life Insurance Taxonomy Update by visiting the WAND Taxonomy Library Portal.




Health Insurance Taxonomy Updates


Finally, this month, WAND added 652 terms and synonyms to our Health Insurance Taxonomy. You can now find more terms related to Disability, such as Partial Disability and Residual Disability, as well as other terms and synonyms.


To download the most recent taxonomy updates or to explore the full list of added terms, please visit our WAND Taxonomy Library Portal and find the Health Insurance Taxonomy under "Latest Updates."



What's in a Name?

Words can mean lots of different things depending on the context, audience, and industry. Understanding the differences and employing a company-wide glossary can avoid a lot of confusion in communications! Consider, if you will, the word...


Park

  • A large public green area used for recreation

  • A stadium for sports

  • The act of bringing a vehicle to a halt

  • To sit down




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