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... Policy numbers, effective and expiration dates, covered objects, and covered parties are constants -t- hey just have different names in different places throughout the world. Documenting the commonalties allows us to identify and deal with the differences. Ultimately, the insurance industry is similar worldwide. The market will others. This work needs a formal infrastructure. Global standards are going to happen. It's just a matter of when. Login or Register (for FREE) to gain access to thousands of other great articles. Need more reasons to join ... industry, including insurance. This has moved ACORD to participate in organizations and programs developing globalized standards, and to take a leadership role in uniting these separate efforts to improve electronic communications and data transfer. ACORD has long recognized the need to be active in national and international standards initiatives. Since the early 1990s, ACORD representatives have participated in the American National Standards Institute (ANSI) and the United Nations Electronic Data Interchange for Administration, Commerce and Transport (EDIFACT) . This has been helpful, although a comprehensive vision of global ... standards sprang up in the United Kingdom, Germany, the United States, and other countries. With the development of the European Union, European countries saw the need for standards that all the member nations could share, leading to the development of EDIFACT standards for the property/casualty segment of the business. While EDIFACT has addressed property/casualty standards, there is no life insurance participation. ACORD has begun filling the void in global life insurance standards through initiatives in South Africa and Australia, where we have formal working groups; ...

...he insurance industry is similar worldwide. The market will others. This work ...

...ffering risk-management training worldwide Prerequisites: FIRM-must have AIRM ...ciation of Risk Professionals, an international not-for-profit organization in...