Member Reports - Acord

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Insurance Technology Congress Industry leaders from around the world met in London at the 2012 Insurance Technology Congress, presented by ACORD with Insurance Day magazine. The two day event featured sessions geared toward the London and European markets. Many speakers voiced the common theme that ACORD Standards must be a required foundation of any global strategy for the insurance industry. “THERE’S NO DOUBT THAT THE ACORD STANDARDS ARE OUR INDUSTRY STANDARD. THE RICHER THEY ARE AND THE MORE INTERNATIONAL THEY ARE, THE BETTER IT IS FOR GLOBAL BROKERS AND GLOBAL CARRIERS; IT’S AS SIMPLE AS THAT.” - COLIN GRINT, SWIFT Industry and Government Affairs ACORD works closely with other associations, in particular other standards development organizations, to explore how standards can relate to one another. ACORD also maintains active relationships with associations that represent carriers, producers, or brokers from around the world. The South African Insurance Associations have been instrumental in supporting the development of the ACORD community there. Southern Africa represents a great example of an area where the work of the industry associations melds with the interests and desires of the insurance supervisors. ACORD continues to develop its relationship with the insurance regulatory authorities in India, and in Europe, ACORD is exploring the implications of Solvency II regulations. ACORD also works with the International Association of Insurance Supervisors to identify opportunities for the implementation of ACORD standards within the new IAIS data collection and reporting insurance core principles. ACORD Forum Australia Dozens of Australian insurance executives and technology professionals met in Sydney at the 1st Annual ACORD Forum Australia. The Forum increased awareness of ACORD’s benefits to the Australian Life and General Insurance markets, including development and implementation of ACORD XML and Australiaspecific Forms. The Forum presented high level information for executives and analysts, as well as sessions focused on programmers, current implementers, and the ACORD Framework. Insurance Data and Analytics Summit ACORD and Reactions Magazine teamed up to present the first Insurance Data and Analytics Summit in New York City. IDA drew a crowd of executive attendees who listened as speakers shared their experiences about how working with analytics reduces risks and cuts costs. Efficiency in Reinsurance Operations Special Cedent Event Another first was this year’s Efficiency in Reinsurance Operations Special Cedent Event in Hartford, Connecticut. The event’s goal was to promote e-Business as a solution for cedents, to become more efficient and accurate. The National Council on Compensation Insurance supplies most of the Workers’ Comp policy and rate information for all the United States. ACORD implemented regular conference calls with NCCI and took up a number of important projects to drive greater implementation of the forms ACORD publishes on their behalf and the standards that support the forms. State legislators active at the National Conference of Insurance Legislators adopted model laws addressing insurance certificates and insurance binders. ACORD worked with producer associations PIA and IIABA, carrier associations AIA and PCI, and mortgage lenders active at the ACLI and the MBA to provide technical guidance and business analysis regarding the models. ACORD deepened its relationship with NAILBA, the voice of U.S. independent life brokerages. ACORD staff teamed with their members to identify operational efficiencies and technological challenges and find solutions. ACORD is also strengthening its partnership with the Reinsurance Association of America to help raise awareness of the Ruschlikon E-trading Initiative. ACORD is also driving interest in catastrophe exposure standards implementation with associations globally that are involved in reinsurance such as the Association of Bermuda Insurers and Reinsurers. 27
INSIDE ACORD 2012 Board of Directors John Leonard ACORD Chair President & CEO MEMIC Mark Esposito Senior Vice President, Chief Technology Officer The Hartford Financial Services Group, Inc. Robert Kelly Executive Chairman Steadfast Group Limited Dennis Mahoney Chairman Sciemus Lawrence Blakeman ACORD Vice-Chair Outside Director David Findley Immediate Past Vice–Chair Outside Director James Knight Executive Vice President & Global CIO Chubb & Son Insurance Company Samuel Medina Group CIO Willis Group Holdings Gregory A. Maciag President & CEO ACORD Andy Fogarty Outside Director Barbara Koster Senior Vice President & CIO Prudential Financial William Pieroni Chief Operating Officer Marsh, Inc. (formerly Operations Vice President, State Farm Insurance Companies) Steve Betts Global Chief Information Officer AON Alessandro Iuppa Senior Vice President, Government & Industry Affairs Zurich Elio “Al” Lagana Senior Vice President, Enterprise Operations, Travelers Keith Savino National Association of Professional Insurance Agents (PIA) Sal Branca Senior Vice President Chartis Insurance Art Jetter Past Chairman National Association of Independent Life Brokerage Agencies (NAILBA) Sue Langley Director, Market Operations Lloyd’s of London Markus Schmid <strong>Member</strong> of the Group Executive Board and Head of IT Swiss Re Jeremy Cooke Global Head of Market Relationship Management Marsh, Inc. John Kellington Senior Vice President & CIO Cincinnati Financial Corporation Frank Liu Regional President China Life Insurance Company Ltd. Robert Slocum Independent Insurance Agents & Brokers of America (IIABA) Achim Stegner Head of the Central Division: Global Business Architecture Munich Re 26 27
Page 1 and 2: www.acord.org Membership Report NEW
Page 3 and 4: OUR MISSION OUR VISION ACORD (Assoc
Page 5 and 6: 8 agile Standards Development Organ
Page 7 and 8: @ACORD_PC acord.org/pc @ACORD_RE ac
Page 9 and 10: @ACORD_Framework acord.org/framewor
Page 11: ACORD IN ACTION Standards need peop
Page 16 and 17: Key Staff Participants As of Januar
Page 18 and 19: Participants (continued) LMA NAILBA

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