Over 262,000 carrier and agency pairs communicate with each other, passing underwriting, rating and policy information electronically instead of through manual processes. As a result, many agencies have been able to refocus their staff to service and grow their book of business. Their clients’ experience is improved, and thus their reputation and book of business is growing. The ACORD standards are built into the agency management systems passing that data between the carriers and agencies. ACORD and the volunteers from organizations, carriers, technology providers, agent/brokers, and other trading partners continue to work to develop and improve those standards for all lines of business, across the globe.
There are still many people who think of ACORD as just “a forms company.” It’s so much more: it’s a global standards development organization. Plus, our regulatory and compliance department ensures that the users of the systems built upon the standards avoid errors and omissions issues.
This year we’ve been taking this message across the country, publishing articles and engaging Ambassadors to share the reasons why ACORD is still valuable to their business and ultimately their clients. In April, PIA Glenmont published an article highlighting ACORD and me as an Ambassador sharing that message. Click here to read more.