The Association for Cooperative Operations Research and Development (ACORD) is a global, nonprofit organization that functions as a standards-setting body for the insurance, reinsurance and related financial-services industries.Based in Pearl River, N.Y., ACORD's goal is to provide agents and carriers with an easier and more uniform way of doing business with standardized forms. This mission later evolved to include the data storage and transmission process.
ACORD was formed in 1970 to help address the need for independent insurance agents to communicate with property/casualty companies. This effort culminated in the development and adoption of roughly 530 standard forms that have eliminated the need for up to 80,000 proprietary forms.
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