ACORD, LOMA To Merge Conferences

NU Online News Service, Jan. 16, 3:02 p.m. EST?LOMA and ACORD have announced they are merging their annual technology conferences next year “to form one of the industry’s largest conferences.”

According to Atlanta-based LOMA, the ACORD LOMA Insurance Systems Forum will take place at Paris Las Vegas Hotel on May 23-26, 2004.

“This partnership will create the largest and most comprehensive technology show that our industry has ever seen. We are committed to bringing the quality that people have come to expect from ACORD and LOMA over the years,” said Thomas P. Donaldson, president and chief executive officer of LOMA.

The associations said they will run their technology conferences for 2003 as planned. The LOMA Systems Forum takes place March 2-5 in San Antonio. The ACORD Annual Conference is scheduled for May 18-20 in Orlando.

The LOMA Systems Forum, which began in 1965, and the ACORD conference, which launched in 1993, draw more than 200 exhibitors and 2,500 attendees from around the globe, said LOMA.

“By bringing together these two successful conferences, ACORD is able to expand participation from all parts of our industry?life, P&C, and reinsurance on the global market. And to be able to do this while leveraging the economies of scale, makes the Insurance Systems Forum a unique opportunity for educating the industry on the role of technology and standards,” said Gregory A. Maciag, president and CEO of Pearl River, N.Y.-based ACORD.

ACORD (Association for Cooperative Operations Research and Development) is a global, nonprofit insurance association whose mission is to facilitate the development and use of standards for the insurance, reinsurance and related financial services industries.

The LOMA organization seeks to help members in the insurance and financial services industry to improve their management and operations through quality employee development, research, information sharing, and related products and services. LOMA says it has more than 1,250 member companies in over 70 countries.