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

BY THE NUMBERS

36K

Participating organizations

3M

Forms downloaded over 10 years

9M

Message transactions annually

LATEST NEWS

Jul 15, 2019

Milestone Exchange of ACORD Standard Messages

In an insurance industry milestone, a reinsurer – Swiss Re – and a major primary carrier have successfully implemented automated claims, technical accounting, and cash transactions using ACORD Data Messaging Standards in the US.

"We are excited to take this step forward on ACORD Standard messaging,” said Brian Jones, Swiss Re’s Head of Americas P&C Business Management. “ACORD messaging enhances our ability to deliver a consistent level of service to our client, and eliminates considerable amounts of manual work for both the primary insurer and Swiss Re."

“The implementation of electronic messaging provides higher quality customer service as well as expedited and efficient administration and processing. The use of ACORD Standards is a key component of Swiss Re's global strategy, and we are proud to be a leader in this major achievement,” added Sergio Ibanez, Americas eAdmin lead for Swiss Re.

ACORD Standards are widely used for data exchange throughout the global insurance industry, with one third the world’s premiums written by ACORD members. ACORD messages are exchanged daily between insurers, reinsurers, brokers, agents, and others in more than 100 countries. Implementation of ACORD Standards has been shown to improve the speed, accuracy, and efficiency of data exchange.

“Swiss Re is valued member of the ACORD community,” said ACORD President and CEO Bill Pieroni. “ACORD Standards exist to address the needs of our members across the insurance value chain. This integration is a key example of those members leveraging standardized data exchange to thrive in the emerging digitized insurance ecosystem.”   

RECENT LINKEDIN UPDATES

4 days ago

ACORD President and CEO Bill Pieroni provides a sneak-peek of his upcoming ACORD Connect 2019 Keynote Session, Intelligent Growth: Decisions, Intent, Outcomes, sponsored by ACORD Connect Platinum Sponsor Duck Creek Technologies. Be there as he unveils the full study in Boston on October 29-30th by registering at acordconnect.org https://bit.ly/30GmQkw

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5 days ago

Thursday, September 12th at 12:00 pm EST, join ACORD President and CEO Bill Pieroni and Leandro DalleMule, the General Manager of Planck for the free webinar: Insurance and Digitization. In this Webinar, Bill and Leandro will explore the linkage between digital maturity and financial performance across the global insurance industry. Register at the link:

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8 days ago

September 27th brings the next installment of our CEO Webinar Series: The Next Generation of Insurance Talent. ACORD CEO Bill Pieroni will present a study comparing the millennial and post-millennial demographics with other generations within the workforce, focusing within the insurance industry. Learn what insurance organizations need to do to attract, retain, and effectively leverage young talent in order to keep up with the changing market. Register today:

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