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The insurance industry has long used data & analytics as part of their business models, going back centuries. However, Machine Learning or Artificial Intelligence (AI) represents a transformative sea change, with the power to redefine insurance.
ACORD has released its 2016 Annual Report, detailing our activities over the past year, and priorities for 2017.
A panel of Industry Leaders jointly shared its journey to market modernization: Ruschlikon, London Market Target Operating Model and ACORD jointly improving global operational efficiency and effectiveness, from placing to settlement.
The Life and Annuity Working groups spent the third quarter working to introduce new and relevant content to the ACORD Standards.
The ACORD Advantage subscription will now include surety forms as an added benefit for participating Agents.
Celent has awarded long-standing ACORD member Farm Bureau Financial Services (FBFS) its 2016 Model Insurer Award.
Input from carriers writing cyber liability policies is needed.
Long talked about and the subject of frequent pilots by large carriers, UBI is being propelled by the proliferation of telematics data collection devices and services.
Working closely with both parties, ACORD facilitated seamless interaction between the organizations, successfully providing translation for hundreds of daily data transactions.
Over the last several months, ACORD’s Business Process Initiative has made notable progress in its effort to align standards to business processes