Some technology is focused on the life/annuity market, some on the property/casualty market, and some on the reinsurance market. And sometimes, it’s just about the technology. For ACORD, that gray area has a place to go and thrive—the Common Services Committee.

ACORD has always concentrated on standards for the various lines of business, because they have a lot of synergy and there are components that are similar within the different lines.

As insurers move beyond the data model of those particular lines of business and discuss issues such as service enablement, document retrieval, process choreography, those particular areas aren’t line specific, explains Jim Brain, director of enterprise architecture for CNA Surety and leader of the Common Services Committee for ACORD.

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