Managing growth is often a bigger challenge to organizations than a lack of growth. This is true for both insurers and the Association for Cooperative Operations Research and Development (ACORD), which has been crafting standards for the insurance industry for more than three decades.
In recent years, a slew of regulatory changes and a burgeoning global insurance industry hungry for standards have put new demands on the standards-setting and managing association. In order to gain the agility necessary to meet these demands, the association recently reorganized its ACORD Standards Committee (ASC) to streamline the standards development process, and address the growing and diverse communities that the association serves. In addition to the reorganization, the association also officially added three new programs: Common Services, South Africa and Australia (see below).
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