X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ACORD and The Depository Trust & Clearing Corporation (DTCC) announced the record layouts of DTCC’s standard fixed file formats offered by their insurance and retirement services business will now be included in the ACORD Life, Annuity and Health standard. This move is intended to foster further adoption of industry-wide standards for data exchange between insurance carriers and distributors.

“DTCC made these copyrighted record layouts, which enables the processing and electronic exchange of insurance information, freely available and open to the industry over seven years ago, in an effort to enable everyone to speak the same language,” says Adam Bryan, managing director, DTCC Insurance & Retirement Services. “We are pleased that having them now a part of the ACORD library further defines them not as a proprietary entity, but truly as a recognized industry standard.”

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.