Filed Under:Carrier Innovations, Regulation/Legislation

Insurers Aim to Stand Out

Business people love to use the word "unique" to make them stand out in the crowd. In insurance, carriers often speak of their unique codes to communicate with others, but an ACORD working group feels the uniqueness of these codes is overstated.

Since January, an ACORD working group has been investigating the issue and discovered that in most cases codes aren't unique and standards can be implemented to improve data communication.

The Way Forward

With their first success, the working group is committed to moving forward more rapidly. They are working on ways to improve the process so they can go through the code groupings faster and more efficiently.

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