Gregory Maciag: London - ACORD Standards Sucess to Boost Modernisation

Thursday, 09 August 2012

London - ACORD Standards Sucess to Boost Modernisation

E-accounting success could ensure other London market modernisation initiatives continue to gather momentum. This could impact the markets work in endorsements and placing in particular according to Simon Squires of the Lonodn Market Group as reported by Greg Dobie at Insurance Day. They exchange data in a structured format using standard messages from the industy standards body ACORD. Insurance Day (This is one of many stories that I post about the value of industry standards. All made possible by forward thinking firms that help us create and maintain the standards.)

Posted on Thursday, 09 August 2012 in London Market, Standards | Permalink

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New Book

My latest book presents the challenges members face when adopting industry standards as well as the opportunities that come as a result. It features my discussions with many people over many years and follows the foundation I set in my first book "The Business Information Revolution".

Industry standards are never adopted in a vacuum. They become part and parcel of all the trials and tribulations managers face in their day to day work. ACORD Standards are always part of a larger software development project that brings along people, priorities and politics. Adopting industry standards isn't simple, but the benefits far outweigh the problems of building and maintaining proprietary alternatives.

I trust that you will appreciate my frankness, identify with some of the challenges and learn from what others have done to pave the way.