During 2016, the E&S Joint Working Group (E&S JWG)created the Policy Issuance Working Group, which was formed as aresult of overall E&S industry interest expressed during thelast AAMGA Automation Conference. The goal of the group has been tobuild on the existing ACORD P&C and Surplus lines XML datastandards to support the issuance of a policy.

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To maximize efficiency, the Working Group emphasized the need toleverage existing rating and form standards for E&S business indeveloping new standards for policy documents. The first line ofbusiness being worked on is General Liability for new and renewalbusiness transactions.

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The group is co-chaired by Harry Snyder (Myron Steves) and JudyRounds (Nationwide E&S/Specialty). Numerous conference callswere held during the spring and summer with participants fromNAPSLO and AAMGA member firms, including general agencies, carriersand solution providers. ACORD staff also participated. Thesedetailed discussions have resulted in well-thought-out additions toexisting policy issuance transaction standards. The proposedadditions have been formally documented utilizing the ACORDmaintenance request process, which included initial discussionswithin the ACORD review group. The Policy Issuance Working Grouphas completed its work and referred the proposed standardsenhancements to ACORD.

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Once approved, the Policy Issuance Working Group will schedule awebinar, hosted by NAPSLO, to explain the additions to the standardfor NAPSLO and AAMGA member firms. To receive notice of thewebinar, you may request to be added to the NAPSLO memberTechnology Contacts distribution list or go to the ACORD websiteand register for the E&S Joint Working Group community.

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Following the completion of the General Liability work, thePolicy Issuance Working Group will discuss and prioritizeadditional lines of business and transactions toaddress. If you would like to participate in thesediscussions, contact Harry Snyder ([email protected]) or Judy Rounds ([email protected]), or join the E&S JWGcommunity via the ACORD website at acord.org.

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Related: E&S joint working group collaborates tostreamline workflows

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