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About ACORD

ACORD's Mission & Vision Statements

 
ACORD 

Mission

ACORD (Association for Cooperative Operations Research and Development), founded in 1970, is a global, nonprofit organization serving the insurance and related industries.

ACORD facilitates fast, accurate data exchange and more efficient workflows through the development of electronic standards, standardized forms, and tools to support their use.

Implementing ACORD Standards has been shown to improve data quality and flow, increase efficiency, and realize billion-dollar savings to the global industry. ACORD members worldwide include hundreds of insurance and reinsurance companies, agents and brokers, software providers, financial services organizations and industry associations.

ACORD also presents events, videos, research papers and seminars on current technology and business topics. ACORD maintains offices in New York and London.

Vision

ACORD envisions an insurance industry that embraces a global and enterprise view of information,in which relevant business solutions all include or provide for ACORD Standards.   ACORD wants all trading partners to be able to easily exchange information.

ACORD's vision includes implementation of best practices for enterprise architecture, including systems made up of interchangeable components based on ACORD Standards that provide a 360-degree view of people, organizations, and risks. Products and services built upon these components will be highly configurable and will enable a wide range of consistent transactions and processes across the entire insurance value chain.