Member Reports - Acord

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global Community
IN AddITIoN To THe New STANdArdS ProGrAMS LAuNCHed IN AuSTrALIA ANd
SouTHerN AFrICA, ACord IS ACTIveLY INvoLved IN SeverAL oTHer GLoBAL
INITIATIveS INCLudING:
Canada
The Centre for Studies in Insurance Operations (CSIO)
has been a partner with ACORD for many years in the
development of Property & Casualty Standards in Canada.
In recent months many of our P&C agency management
vendors have been expanding their presence in Canada and
have expressed a desire to use ACORD eForms technology
with CSIO forms.
ACORD has also had a long relationship with the Canadian
Life Insurance EDI Standards (CLIEDIS). Similar to the P&C
activities, ACORD delivers the XML Standards for CLIEDIS.
India
In 2011 ACORD began discussions with the
Indian insurance community about the use of
ACORD Standards, resulting in a document
from the Insurance Regulatory and Development
Authority (IRDA) that ordered the creation of
a Steering Committee to create India-specific
ACORD Standards for the market.
India is a very diverse insurance market and
ACORD is being discussed on multiple levels for
many different lines of business: Reinsurance
Global Placement, Commercial Property &
Casualty, Personal Lines Property & Casualty,
Life Insurance and Micro-Insurance. Each of
these poses a unique challenge.
ACORD is approaching India as it did Australia
and South Africa -- by working with the
community to define the desired outcome and
the technologies to be used. The Indian market is
very specific about accommodating local needs
and enhancing e-trading capabilities inside the
country. This provides a unique opportunity for
expansion of the ACORD Standards.
China
ACORD’s relationships in China primarily center
on the China Insurance Regulatory Commission
(CIRC) and the China Insurance Industry
Technology Committee (CIISTC). In 2011 ACORD
had its first year of official cooperation in the 8th
Insurance Information Technology Summit and
this will move forward with a wider footprint in
2012.
China Life Ltd. in Beijing continues to expand
the footprint of ACORD Standards inside the
organization, employing various components of
current Framework models. China Life is also
pioneering proof-of-concept for future assets
including the Component Model. This activity has
led to deeper discussions with the parent company,
China Life Group, and the possibility of adoption
of ACORD Standards across the enterprise.
Volunteer@ACORD
acord.org/volunteer
volunteers have been the driving force behind ACord since its beginnings in 1970,
and continue to support and inspire the organization today. ACord volunteers
help create solutions in all areas of Standards development and implementation.
working with ACord helps to improve our entire industry and also brings
professional benefit to the volunteers and their organizations.
ACord’s newly published volunteer Handbook explains the various benefits, which
include opportunities for volunteers to:
• Contribute to the development and enhancement of Standards in line with
their company’s business needs.
• Network with peers and experts who share common professional interests.
• Identify opportunities for Standards implementation that might not have been
otherwise known to their company
• Gain early insight into the future direction of the industry, and help to shape it
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