The ACORD Digital Standards will complement existing ACORD standardized forms and electronic messages, enabling streamlined data exchange capabilities which are optimized not only for mobile devices, but also the "Internet of Things," distributed ledger technology, and other emerging technologies. ACT, a Big "I" program, will provide an additional forum for independent agents and other ACT members to participate in the development of the ACORD Standards.
"ACORD and ACT have always shared the mission of facilitating fast, accurate data exchange for insurance agencies and their business partners," said ACORD CEO
In addition to contributing to the development of ACORD Standards, ACT will collaborate with ACORD on education and advocacy on behalf of the agent community. ACORD will offer discounted registration to independent agents at its annual conference, ACORD Connect, taking place
"We recognize the critical need for our independent agents, insurance companies, and technology vendors to provide guidance on needed standards changes as technology evolves," said Big "I" President and CEO