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ACORD Global Markets: Europe

 

In 2001, when Reinsurance and Large Commercial standards were added to ACORD, its role evolved even more to that of a Global Insurance Standards organization with a world-wide membership base. Since that time, ACORD has continued to work with companies and organizations across Europe to further the understanding and implementation of standards.

To request more information about the ACORD activities in these locations, or to find out how ACORD can help your organization, please use the contacts provided in each section, or email memberservices@acord.org. We look forward to hearing from you.

Europe

ACORD has been working with the European Market since July 1, 2001 when ACORD took over the Joint Venture reinsurance and large commercial standards from WISe. There is a strong appetite currently in Europe for the adoption of standards which deliver clear business benefits and meet the aspirations of the market reform programs. ACORD is coordinating international standards activities for reform and systems development.

News

October 2005
ACORD, eEG7 and CSIO Announce Release of Harmonized Data Dictionary for Global Insurance Industry
The public release of a harmonized data dictionary for the insurance industry was jointly announced today by ACORD (www.acord.org), eEG7 (www.eeg7.org) and CSIO (www.csio.com). This marks the completion of efforts by this international coalition of standards bodies to harmonize their existing data dictionaries as part of a United Nations initiative. This new data dictionary provides the technology neutral, reusable building blocks that serve as the basis for the development of messages for all lines of insurance business. The common data elements and their definitions have been identified and harmonized to one element name and definition for each concept

September 2005
ACORD Discusses Data Standards in Poland
As eastern European countries continue to grow and their markets expand, the need for a strong IT infrastructure and standardized data becomes apparent. To help this emerging market better understand the need for data standards as Poland grows its insurance sector, Denise Garth, vice president, Membership and Development and Lloyd Chumbley, assistant vice president, Standards, addressed the Polish Chamber of Insurance Conference on Standardization of Information Exchange in Insurance Activities in Poland.

October 2004
ACORD at Conference in Poland Stresses Importance of Standards
Serge Cayron, technical architect, ACORD was a featured speaker at the Second Insurance Forum in Warsaw Poland this September. The presentation, The Standardization of Data Interchange: Foundation of the Modern Insurance Company, was presented in association with Waldemar Kwasnik, CEO ATENA Uslugi Informatyczne i Finansowe Sp. z o.o, a member of ACORD in Poland. It discussed the vital role data plays in the insurance industry and that through standards, that data can be communicated more efficiently, consistently, and effectively.

Strategic Relationships

ACORD is leading the development of global standards through relationships with prominent industry associations. ACORD partners with these associations, and also harmonizes ACORD standards with those of other standards organizations to support interoperability. Some of our strategic relationships include:

eEG7 - e-business Expert Group 7 for Insurance
FERMA
Geneva Association - International Underwriters Association
HR-XML - Human Resources-XML Consortium
SIP - Association des Souscripteurs Internationaux de Paris
SWIFT
UN/CEFACT - United Nations Center for Trade Facilitation and Electronic Business

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ACORD Website Sections of Interest

Contacts

Roy Laker
Assistant Vice President
Phone: +44 (0)20 7617 6405 (London)
Email: rlaker@acord.org

Mike Smith
Program Director, Reinsurance & Large Commercial
Phone: +44 (0)20 7648 4410 (London)
Email: msmith@acord.org

Puneet Bharal
Head of Advisory Services
Phone: +44 (0)20 7617 6406 (London)
Email: pbharal@acord.org

Phil Brown
Project Manager
Phone: +44 (0)20 7617 6402 (London)
Email: pbrown@acord.org

Serge Cayron
Technical Architect
Phone: +32 (0)10 41 92 58 (Brussels)
Email: scayron@acord.org

Drew Bolton
Technical Architect
Phone: +44 (0)20 7617 6404 (London)
Email: dbolton@acord.org

Marc Codispoti
Program Manager, Reinsurance & Large Commercial, US
Phone: +1 845-620-1700 ext. 409 (US)
Email: mcodispoti@acord.org

Melanie Harding
Office Manager
Phone: +44 (0)20 7617 6400 (London)
Email: mharding@acord.org

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  ACORD Video
 

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

View more ACORD video at video.acord.org.