 ACORD London IT Club 26 February 2004 Susan Savage

London IT Club SLIDE 2 26 February 2004 ACORD 2004  Strategy Report  Working Groups  May Conference  June Event

London IT Club SLIDE 3 26 February 2004 Strategy 2004  Three step process was used  External assessment  Formulated Potential Initiatives  Road Map and Measures of Success identified  Strategy Development process helped ACORD:  Assimilate data about Key trends  How they affect Geography and LOB’s  Validate strategic directions

London IT Club SLIDE 4 26 February 2004 Strategy  Four Strategic Priorities:  Standards Implementation  Standards Development  Participation and Growth  Industry and Government Affairs.  Available on our website 15 March 2004.

London IT Club SLIDE 5 26 February 2004 Strategy  ACORD is confident that:  with the support of the membership,  it can achieve its strategic objectives and  provide the value expected by the members.

London IT Club SLIDE 6 26 February 2004 Working Groups and Pilot Projects  Binding Authority - GL  Global Placing Document  Claims Core Dataset  Risk Submissions Core Dataset  Joint Architecture Group –  Design  Framework  Pilot – Document Repository Interface

London IT Club SLIDE 7 26 February 2004  2200 attendees  100 Workshops  175 Exhibitors (Hall sold out)  Sponsorship Opportunities Still Available:  $3,000 upwards  Website registration and full details – Annual Conference  May 23 rd – 25 th  Las Vegas  Paris/Bally’s Hotels

London IT Club SLIDE 8 26 February 2004 ‘ ConneXions’ – Day Event - London  “Global Re” Magazine and ACORD  Grocers’ Hall, Princess Street, EC2  30 June 2004  Topics include:  The rewards and risks of technology, standards and business process  Regulatory issues – Sarbanes Oxley, FSA, EU  CEO panel  Catastrophic Exposures – Modelers, standards and data transparency  Announcement 15 March

 ACORD Thank You ACORD