ACORD Announces New Global Advisory Council to Drive Industry-Wide Collaboration and Digitalisation
LONDON, Feb. 13, 2024 /PRNewswire/ -- ACORD, the standards-setting body for the global insurance industry, today announced the establishment and inaugural meeting of the ACORD Global Advisory Council (GAC).
- "With the accelerating pace of digital transformation in our industry, the formation of the ACORD Global Advisory Council is a timely and significant step towards increasing collaboration and alignment within leading insurance markets around the world," Matcham said.
- "I look forward to working alongside ACORD and our global peers to drive essential progress across the insurance ecosystem."
- The founding of the ACORD Global Advisory Council follows several milestone successes in global insurance industry digitalisation, such as the full alignment of the Core Data Record (CDR) and other key aspects of Lloyd's Blueprint Two modernisation programme with ACORD Standards, as well as the Italian Market Data Exchange Platform (IMDEP) project, which leverages ACORD Solutions Group's ADEPT platform to connect the Italian (re)insurance community using ACORD Global Reinsurance and Large Commercial Standards.
- "The ACORD Global Advisory Council will play a key role in advancing digital data exchange and connecting stakeholders across both established and emerging markets.