Gregory Maciag: ACORD Standards Could Save Billions

Wednesday, 17 October 2012

ACORD Standards Could Save Billions

Simon Squires is Chairman of London Market Group’s working party and regional chief processing officer at XLGroup. Read his interview at
Download 2012-10-12 Simon Squires

His answer to what other company do you most admire? At the moment I am very impressed by Greg Maciag and his team at ACORD who are providing a standards toolkit that the global insurance industry can deploy. This has the potential to generate billions of dollars of savings and improve transactional efficiency across the global insurer, co-insurer, reinsurer, and broking communities."

He was a speaker at the ITC 2012 in London. I spoke with Simon and he is eager to share the benefits of ACORD Standards. If you plan to be in Fort Lauderdale at the ACORD Implementation Forum (October 22-24) at the Harbor Beach Marriott Hotel, Simon will be here with us.

Posted on Wednesday, 17 October 2012 in Implementation | Permalink

Comments

Verify your Comment

Previewing your Comment

Posted by: |

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:

Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Post a comment

Comments are moderated, and will not appear until the author has approved them.

New Book

My latest book presents the challenges members face when adopting industry standards as well as the opportunities that come as a result. It features my discussions with many people over many years and follows the foundation I set in my first book "The Business Information Revolution".

Industry standards are never adopted in a vacuum. They become part and parcel of all the trials and tribulations managers face in their day to day work. ACORD Standards are always part of a larger software development project that brings along people, priorities and politics. Adopting industry standards isn't simple, but the benefits far outweigh the problems of building and maintaining proprietary alternatives.

I trust that you will appreciate my frankness, identify with some of the challenges and learn from what others have done to pave the way.