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ACORD membership is a strategic
decision that positions your organization to enhance your business
strategy through the participation, development and implementation
of industry standards based on your business needs and
priorities.
Membership assures your company an active voice in the prioritization, development,
maintenance and management of ACORD Standards for P&C/Surety including personal, commercial, specialty and surety lines, and 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 Global Steering Committee membership, and the opportunity to submit names for the Property & Casualty/Surety Standards Steering Committee. The ACORD Standards Committee and Property & Casualty/Surety
Standards Steering Committee provide leadership and direction
regarding strategy, priority and resourcing for development
of the ACORD Standards.
For information
about specific ACORD P&C
Standards and the current industry participation in their development,
please consult the Property & Casualty/Surety
Standards section of this website.
Membership Qualifications
ACORD Property & Casualty/Surety Member Program enrollment is open to any organization engaged in underwriting property and casualty insurance or reinsurance and/or any insurance agency or insurance brokerage firm engaged in the distribution of property and casualty insurance or reinsurance.
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Membership OptionsACORD Property & Casualty/Surety (PCS) Program offers two types of membership: ACORD PCS Member and PCS Single Library Rate Member.
Property & Casualty/Surety Membership gives you access to all PCS standards, participation in and voting on standards, access to all Members Only information, as well as all the other benefits listed in Membership Value.
The PCS Single Library Rate Membership which entitles you to all of the benefits of PCS Membership above plus access to all ACORD Property & Casualty/Surety forms in our library.
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Membership Value
- 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 Property & Casualty/Surety
Standards Program, including:
-
participation in property & casualty/surety standards development and maintenance
- 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 standards forum events
- eligible to be elected for P&C
Steering Committee and Global Standards 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 monthly @ACORD
e-newsletter
- Other program discounts:
- discounts on registration and exhibitor options for the
Annual ACORD Conference
- membership discounts of 50% on Members Services Support
including
consulting and training
- 35% discount on P&C
Forms Pool Program
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Annual Assessment
Annual membership fee for Underwriting Organizations
$43 per million of direct premiums written, based on premiums as
reported in A.M. Best annual data; minimum fee $6,000; maximum $125,000
(All in U.S. dollars).
Annual membership fee for Intermediaries
$43 per million of gross annual revenue. Minimum fee $6,000; maximum
$125,000 (All in U.S. dollars).
Annual membership fee for Single Library Rate
New in 2006 is the P&C/Surety Single Library Rate (SLR) which provides both full ACORD membership in the P&C/Surety Program and full access to all ACORD P&C/Surety forms. The fee is $75 per million of direct written premiums with a minimum of $6,000 and a maximum of $400,000. (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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