ACORD & Electronic Signatures Marcia Berner, ACE Director, Implementation Services ACORD Corporation Date.

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Presentation transcript:

ACORD & Electronic Signatures Marcia Berner, ACE Director, Implementation Services ACORD Corporation Date

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 the ACORD 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 Projects ACORD 2020 Vision SDO Standards Current Activities CommunitiesMetricsFutureR&D

Electronic Signature Community

Number Independent Agents* , , , ,500

Consumer Age Demographics

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 Community Advocacy AUGIE 2013 Named Priority Webinars/Education Regional Summits ?Standards???? ? Regulators???? ? Associations????

Get Involved