More than 2,000 conference attendees and exhibitors who gathered for the ACORD-LOMA Insurance Systems Forum, held May 22-24 in Orlando, were exposed to three ideas that echoed throughout the general session, breakout sessions and exhibit hall: Get on the standards bus, open your systems to enable successful internal and external processing and regulatory reporting, and sell these concepts to the business side of your organization.In the conference's standing-room only opening session, Greg Maciag, ACORD's president and CEO, welcomed carriers by advising them to respond to the current cycle of technology by doing business in a consistent way. "We liken it to the golden age of synergy, where growth in technology implementation is rapid," he said. "Implementing standards is a key element to an organization's ability to gain a competitive advantage by making it easier to communicate, both internally and externally."
Maciag's comments reflect the conference's common themes of transparency and consistency, and point to what more and more carriers are recognizing as obvious: that IT and business have found themselves on common ground.
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