LONDON, UK – 9 August, 2005 – The international insurance community will gain a new focal point this coming October when ACORD (www.acord.org) hosts its inaugural ACORD Forum in London, 19-20 October, at Gibson Hall. This market is experiencing a high level of intervention and activity as it responds to calls for reform, greater regulatory compliance, contract certainty and other issues. New business processes and technologies are being put into place to answer these calls. The Forum will be a “meeting of the minds” that will bring together insurers, reinsurers, solution providers, brokers and cedents from the UK, EU, and US around these topics.
Attendees will have the unique opportunity to learn about the forces transforming the international insurance business from those in the drivers’ seats. Over the two days of sessions, influential industry leaders and experts will provide insight and perspective on the opportunities, issues, and challenges facing the industry and offer strategies and a vision of the insurance market of the future. Session topics will include:
- New research on industry trends
- London Market Reform challenges and measurement
- The momentum of ACORD standards adoption
- How do hubs & exchanges support the business?
- Case Study: Business Flexibility of Standards
- Viewpoints: Cedent and Reinsurer
- Electronic Claims Processing and Repository Interoperability
- Regulatory challenges (SOX, FSA, EU directives)
- Financial reporting and XBRL
- Where will the market be in 2008?
The Forum will also feature an Exhibit Hall showcasing the latest technologies and services from the industry’s leading solution providers, which will be open throughout the Forum. Sharing the ACORD stall will be the market reform partners the LMA (Lloyd’s Market Association), LMBC (London Market Insurance Brokers Committee) and IUA (International Underwriting Association).
Featured presentations include a keynote by Nick Prettejohn, CEO, Lloyd’s and a CEO panel entitled “Where will the market be in 2008?” with panelists: Stephen Cane, CEO, Alea London; Gerry Albanese, President and Chief Operating Officer, Markel Corporation; Clem Booth, Chairman & CEO, Aon Re International; and Grahame Millwater, Chairman & CEO, Willis Re.
Attendance to ACORD Forum London is free and pre-registration is requested. More information and pre-registration is available online at www.acord.org/LondonForum. As a bonus, pre-registrants will be entered to win one of two new color iPods.
About ACORD: Based in New York, 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 London as well, 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.