ACORD Looking to Launch More Digital Standards

ACORD has partnered with L&T Infotech to develop digital standards for insurers.The goal of the new standards and reference architectures is to enable more microservices-powered communication protocols, helping insurance companies quickly deploy the transformative initiatives craved by carriers across lines of business. Among the technologies that will be enabled are blockchain, AI and machine learning,


“The insurance industry’s rapid movement towards a digitized, heavily API-based environment necessitates new standards and tools for efficiently exchanging information. ACORD and [the ACORD Services Group] are excited to work with LTI in this arena because of its proven commitment to the insurance industry, strong domain knowledge, and experience working with digital technologies," says Bijesh Jacob, SVP Technology & Standards, ACORD Solutions Group.