|
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 life and P&C reinsurance. Joining ACORD as a member also provides participation in ACORD standards direction as well as governance matters. This includes the opportunity to provide leadership and direction regarding strategy, priority and resourcing for development of the ACORD standards.
For information about specific ACORD Reinsurance & Large Commercial Standards and the current industry participation in their development, please consult the Reinsurance & Large Commercial Standards section of this website.
"Speaking in general terms, our company's active role in ACORD allows us to better understand information flows and related business priorities within the industry, and to explore and shape the direction of standards. Looking at more specific benefits, integrating standards into our solutions helps to integrate our back-office systems with those of broker partners, and thus to deliver timely information and reduce the burdensome task and inefficiency of data re-entry and data translation."
--Juergen Heck, Divisional Operations Officer, Swiss Re
Membership Qualifications
ACORD Reinsurance & Large Commercial Program membership is open to any organization engaged in underwriting reinsurance and any insurance carrier, agency or brokerage firm engaged in the placement or distribution or reinsurance.
Back to Top
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 Reinsurance & Large Commercial Standards Program, including:
- participation in reinsurance 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 subcommittee events
- eligible to be elected for Domain 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 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
Back to Top
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 $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).
Back to Top
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
Back to Top
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.
 |
