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Relationships

 

In 2000 and 2001, ACORD expanded and deepened its strategic alliances in the pursuit of standards-based, straight-through processing. Through these relationships, ACORD standards are being mapped and harmonized to other industry and cross-industry standards implemented in various countries and regions throughout the world. ACORD is recognized as a leader in this global initiative.

ACORD's participation in global cross-industry groups ensures standards interoperability between industries. And joint initiatives and working groups guarantee interoperability within the insurance and financial services and also prevents duplication of standard-setting efforts. ACORD's goal is to focus progressively on each link in the insurance value chain to respond to the industry's most pressing business needs.

Glossary

ACLI - American Council of Life Insurers
BRMA - Brokers & Reinsurance Markets Association
BITS - Banking IXXX Technology Secretariat
CIAB - Council of Insurance Agents & Brokers
CIECA - Collision Industry eCommerce Association
CLIEDIS - Canadian Life Insurance EDI Standards
CSIO - Centre for the Study of Insurance Operations (Canada)
DTCC - Depository Trust Clearing Corporation
eEG7 - Western European EDIFACT Insurance Group
HR-XML - Human Resources-XML Consortium
IAIABC - International Association of Industrial Accident Boards & Commissions
IDMA - Insurance Data Management Association
IFX Forum - Interactive Financial eXchange Forum
IIABA - Independent Insurance Agents and Brokers of America
ISO - Insurance Services Office
IUA - International Underwriting Association (UK)
LOA - Life Office Association (South Africa)
LOMA - Life Office Management Association
MIB - Medical Information Bureau
LMBC - London Market Brokers Committee
NAIC - National Association of Insurance Commissioners
NAILBA - National Association of Independent Life Brokerage Agencies
NAMIC - National Association of Mutual Insurance Companies
NAPSLO - National Association of Surplus Line Offices
NAVA - National Association of Variable Annuities
NCCI - National Council on Compensation Insurance
OASIS - Organization for the Advancement of Structured Information Systems
OMG - Object Management Group
PAAS - Premium Audit Administrative Services
PIA - Professional Insurance Agents - National
RAA - Reinsurance Association of America
RIMS - Risk & Insurance Management Society
SOA - Society of Actuaries
UN/CEFACT - United Nations Center for Trade Facilitation and Electronic Business
W3C - World Wide Web Consortium
WCIO - Workers Compensation Insurance Organization
XBRL - Extensible Business Reporting Language

 
  ACORD Video
 

What is the value of ACORD Standards? This brief video answers your questions.

View more ACORD video at video.acord.org.