ACORD Delivers eCommerce Software Solution Survey to Benefit Reinsurance and Large Commercial Solution Providers

Pearl River, NY 3/1/02 — ACORD has created a
survey to determine what eCommerce solution providers can offer to interested insurers,
brokers and reinsurers to utilize the ACORD reinsurance standards (formerly known as the
Joint Venture or “JV” standards).

There is renewed enthusiasm in the industry as a whole to
increase efficiencies and achieve the goal of straight-through processing from insurer to
reinsurer. Companies are anxious to learn more about the potential eCommerce solutions
available to them. This survey is intended to introduce potential software solutions to
ACORD member companies, said Tom Neff, Reinsurance Program Manager, ACORD. This online
survey is now up and running and will be accessible through March 15, 2002.

The survey can be accessed by visiting

The results of this survey will be available as soon as the
feedback is summarized. We encourage solution providers to provide information about their
overall eCommerce solutions that can help companies in the industry achieve the goal of
straight-through processing. Potential solutions should be geared towards companies in the
large commercial and reinsurance arena.

About ACORD: Based in Pearl River, N.Y.,
ACORD (Association for Cooperative Operations Research and Development) is a global,
nonprofit insurance association whose mission is to facilitate the development and use of
standards for the insurance, reinsurance and related financial services industries. With
offices in Belgium, the United Kingdom and the United States, ACORD accomplishes its
mission by remaining an objective, independent advocate for sharing information among
diverse platforms. ACORD Standards and services improve efficiency and expand market
reach. Affiliated with ACORD are hundreds of insurance and reinsurance companies, and
thousands of agents and brokers, related financial services organizations, software
providers, and industry organizations worldwide.