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ACORD

An organization that develops insurance forms used as a standard by many within the insurance industry. The ACORD certificate, application, and loss form are common means of exchanging information. ACORD stands for Agency Company Operations Research and Development.

ACORD (Association for Cooperative Operations Research and Development]

Non-profit insurance association that facilitates the development use of global insurance standards for insurance-related financial services industries. ACORD is committed to improving efficiency and expanding market reach by reducing costs; reducing duplication of work and ambiguous communication exchanges; improving accuracy; facilitating e-commerce; and supporting multiple distribution models. WISE ceded the promotion of electronic data standards to the organisation in July 2001. ACORD has offices in New York and London. Visit www.acord.org.