acord & electronic signatures
DESCRIPTION
ACORD & Electronic Signatures. Marcia Berner , ACE Director, Implementation Services ACORD Corporation Date. Who are we?. Association for Cooperative Operations Research and Development. .org. Insurance Data Standards, Forms , and Strategic Initiatives. Standards Development - PowerPoint PPT PresentationTRANSCRIPT
ACORD & Electronic Signatures
Marcia Berner, ACEDirector, Implementation Services
ACORD CorporationDate
Who are we?
.org
• Association for• Cooperative• Operations• Research and• Development
Insurance Data Standards,Forms, and Strategic Initiatives
.org
• Standards Development
• Relationships & Implementation Services
SDO: Program and Locale
Program
• Property & Casualty• Life and Annuity• Global Reinsurance and
Large Commercial Lines
Locale
• US & Canada• Bermuda• London Market• South Africa• Australia• China• India• Russia
Current and Developing Standards
• P&C– XML V1.x– AML– eForms– AL3 (legacy)
• L&A– ACORD XML– ACORD AML– DTCC
• GRLC– DRI– Reinsurance
standards
Facets of theACORD Framework
What insurance companies do
Common interfaces and services
definitions for
insurance systems
Glossary of terms used by all other facets of the Framework
Logical persistence model
based on the Information Model
The relationships
among insurance concepts
SDO: Our Members
.org
• Insurance Carriers
• Agents/Brokers• Distributers• Solution Providers
• Industry Associations*
SDO: Member Driven Standards
.org
• Agile approach• Standards WG’s• Specific WG’s• Program WG
2020: Relationship & Implementation Services
.org
• Relationship Management
• Implementation Services
• Strategic Future Initiatives (R&D)
2020: Strategic and Future
Initiatives
.org
• R&D• Implementation Communities
• Metrics
Relationship of Activities
Standards
CurrentActivities
Communities
Metrics
Future
R&D
SDO
ACORD
2020
Vision
Projects
Electronic Signature Community
Number Independent Agents*
1996 • 44,000
2002 • 40,000
2006 • 37,500
2012 • 38,500
2012 Top Technology Challenges
• Protecting Security of confidential info• Ensuring confidentiality of data transmitted• Marketing Effectively on the Internet• New in 2012 – providing clients with mobile
apps
Where is the industry?
• Property & Casualty– Low adoption– Understand there are benefits– Small number agents are using– Very small number carriers will accept
• Life & Annuity– NAVA/IRI standard for annuities– LBTC documenting requirements
AUGIE Community
Electronic Signature Community
Strategic Analysis Document
There is No Magic Bullet
Grow CommunityAdvocacyAUGIE 2013 Named PriorityWebinars/EducationRegional Summits? Standards????? Regulators????? Associations????
Get Involved