If the London Insurance Market is to remain competitive, it must be able to work efficiently and flexibly with multiple markets across the world.
ACORD is a global non-profit standards development organisation serving the insurance industry and related service industries. ACORD provides a global standards framework for the exchange of insurance information.
By adopting ACORD standards the London market will be able to:
- Exchange insurance information in a consistent manner
- Receive more appropriate information
- Have more efficient processes
- Reduce costs by removing the need for data cleansing and manipulation
For further information please see the pages on Current Initiatives and Binding Authority.
