Pearl River, N.Y. — As the 2007 Solvency II directive moves forward in Europe, ACORD examined the ways in which existing ACORD standards can help companies, brokers and regulators prepare to meet the requirements in a new white paper: Preparing for Solvency II: ACORD Data and Information Standards.
The Solvency II Directive has motivated companies to prepare for its implementation. Companies that write business in Europe already are evaluating their internal systems to meet these requirements. While the directive is not scheduled for full implementation until 2012, many forward-looking companies are already at work examining their capabilities, including their use of ACORD standards.
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