Association for Cooperative Operations Research and Development (ACORD), the insurance industry's global data standards organization, will hold a new event, the ACORD Insurance Innovation Challenge, an insurance-specific technology and innovation competition.

ACORD Insurance Innovation Challenge winners will be selected based on their ability to develop products and services with the potential to bring significant innovation to the industry, ACORD said. Winners will be chosen from organizations that demonstrate unique and exceptional implementations of ACORD standards, forms, or architecture.

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