PEARL RIVER, NY – March 1, 2010 – ACORD (www.acord.org), the insurance industry’s non-profit standards organization, is responding to industry and its members’ needs by increasing its activities in two key areas: Training & Education, and Compliance.
“As ACORD standards become more prevalent in the insurance industry, it’s important for us to do everything possible to make sure the standards are implemented properly,” said Gregory Maciag, ACORD President and CEO. “Our trainings are designed to help organizations realize the full benefits of time and cost savings ACORD standards bring.”
Spearheading the education program is Beth Grossman as Chief Learning Officer.
Grossman combined her education background with her broad industry expertise to develop the ACORD Certified Expert designation program and other trainings, including webinars and programs for ACORD events. Grossman is a Fellow in Insurance Data Management (FIDM) and serves on the Executive Committee of IDMA (Insurance Data Management Association).
The first graduates of the ACORD Certified Expert program will receive diplomas this May at the ACORD LOMA Insurance Systems Forum in Las Vegas, Nevada.
ACORD also monitors U.S. and international regulatory issues and makes required updates to its forms. This ongoing service provides assurance that ACORD forms are always current and compliant.
As Chief Compliance Officer, Ann Henstrand oversees the expansion of ACORD’s work in this area. Henstrand is responsible for keeping ACORD forms compliant in all jurisdictions. In addition, she works with government affairs executives, industry trade associations and regulatory bodies worldwide to advocate the use of ACORD standards.
“Keeping up with regulatory changes as we introduce new and updated forms can be challenging, but we consider it an important ACORD value to our members and forms pool participants,” Maciag added.
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. www.acord.org.