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ACORD membership
is a strategic decision that positions your organization to enhance
its business strategy through the participation, development and
implementation of industry standards based on your business needs
and priorities.
Your
peers in the industry are actively participating, developing and
implementing the standards.
Membership assures your company an active voice in the prioritization, development, maintenance and management of ACORD Standards for Life, Annuity & Health and life reinsurance. Joining ACORD as a member also provides participation in ACORD standards direction as well as governance matters. This includes voting for Board of Directors, potential Life, Annuity & Health Steering Committee membership, and the opportunity to submit names for the Life, Annuity & Health Steering Committee. The Life, Annuity & Health Steering Committee provides leadership and direction regarding strategy and resourcing for development of the ACORD standards.
For information about specific ACORD Life, Annuity & Health standards and the current industry participation in their development, please consult the Life, Annuity & Health Standards section of this website.
"Prudential's membership
in ACORD and its many years of active participation in standards
development has played a key role in efforts to integrate
brokers and agents through our online distribution channel.
ACORD XML standards implementation allows us to provide concise
and timely information to our partners that are dealing directly
with the customer."
--Barbara Koster, CIO, Prudential and ACORD Board Member
Membership Qualifications
ACORD Life, Annuity & Health Membership Program enrollment is open to any organization engaged in underwriting life, annuity or health insurance or reinsurance and/or any insurance agency or insurance brokerage firm engaged in the distribution of life, annuity or health insurance or reinsurance.
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- Industry recognition as an e-Business leader:
- eligibility for annual
ACORD Awards and certification of standards, achievements
that your organization can market to attract and expand trading
partner relationships. Membership, awards, certification
and implementation status is published for our membership,
and is often used as marketing collateral by the membership.
- create a joint press release announcing your membership
with ACORD
- acknowledgement in ACORD industry reports and publications
- Participation in standards management through the Life, Annuity & Health Standards Program, including:
- participation in life, annuity & health and life reinsurance standards
development
- vote on new standards specifications and maintenance requests
-- as you identify new data requirements, you can submit
these as maintenance requests thereby ensuring that your
business needs are reflected in the broader marketplace
- participation in working groups and subcommittee events
- eligible to be elected for Life, Annuity & Health Steering Committee
- Vote on ACORD Governance matters:
- Member Only access to:
- training at ACORD Implementation Forum meetings at no cost
- two days of free onsite Member Services Support during
the first year (a value of $4000)
- implementation support from standards staff
- standards implementation guides and tools
- Members Solution Provider Directory
- ACORD Implementation Case Studies
- ACORD staff support:
- Standards Staff
- Customer Service
- Management Staff
- Access and direction to ACORD on co-operation and interoperability
with other standards organizations and other industry associations,
through:
- representation of ACORD staff on other standards organizations
committees to:
- represent insurance industry and ACORD members' business
needs
- build linkage and interoperability with other standards
organizations
- support collaborative efforts and implementation of
standards
- Access to ACORD communications:
- ACORD Annual Membership Report
- ACORD's @ACORD e-newsletter
- Other program discounts:
- discounts on registration and exhibitor options for the
Annual ACORD LOMA Insurance Systems Forum
- membership discounts of 50% on Members Services Support
including
consulting and training
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Annual Assessment
Annual membership fee for Underwriting Organizations
$43 per million of net premiums written. The fee is based on premiums as reported in A.M. Best annual data; minimum fee $6,000; maximum $95,000 (All in U.S. dollars).
Annual membership fee for Intermediaries
$43 per million of gross annual revenue. Minimum fee $6,000; maximum $95,000 (All in U.S. dollars).
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Contact
For further information on the benefits of
membership or to have a Membership Kit sent to your address, please
fill out our Information
Request Form or contact Dominic Caccioppoli:
Phone: +1 845-620-1700 ext. 424
Email: membershipservices@acord.org
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Note
The information contained on this web page including, but not limited to, current membership benefit
offerings, is subject to change at any time without prior notice being posted.
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