ACORD News

Over 70 industry leaders who are dedicated to transforming a highly manual business to a streamlined, efficient automated process came together in this one-day meeting.

The revised ACORD 821, Producer Information Form or PIF is used to initiate, manage, and/or terminate the relationship between the Life, Annuity, Health, Broker/Dealer and/or Property & Casualty producer and the Insurance Company.

The Graham Company recently conducted a 2015 Business Risk Survey revealing that nearly three quarters of business leaders are most concerned about potential risks associated with cyber security threats to their organizations.

ACORD Automobile Identification Cards remain a valid, trusted, verifiable means of providing proof of insurance throughout the United States.

The New York Department of Financial Services (DFS) recently approved versions of ACORD certificates of insurance currently available, along with planned future versions containing an edition date of 2016/03.

A live audience will help the judging panel decide upon the first-ever Innovation Challenge winner during the ACORD2015 event this November.

The London Market Group (LMG) and The Boston Consulting Group (BCG) have published the results of an extensive market research into commercial insurance and reinsurance.

One of the top retirement trends introduced is the qualified longevity annuity (QLAC).

The new Cyber and Privacy Liability changes will be available with the release of ACORD P&C XML 1.29 scheduled for late June 2015.

The newly enhanced system, now called the “ACORD Test Harness,” will build upon all of the existing functionality used to test and certify ACORD messaging, but with updated capabilities designed to move the insurance industry into the future.

ACORD Standards are being used by companies doing business across geographies, across lines of business, and with more automation. Business practitioners want more straight-through processes, which creates a greater need for interoperability.