Mayfare Joins ACORD

NU Online News Service, Sept. 12, 11:15 a.m. EST?Mayfare Software Solutions Corp. today announced its membership in ACORD, an insurance industry standards-setting organization.

Mayfare said that ACORD membership demonstrates its commitment to support industry standards through the use of XML.

"We are pleased to announce Mayfare's membership in ACORD as further evidence of our ongoing commitment to the use of insurance industry data standards to better facilitate integration and data exchange among all of the insurance process stakeholders," said Allen Barnett, CEO of Mayfare, based in Hoboken, N.J.

"Standards are clearly a key component in the industry's objectives to achieve aggressive process and productivity improvements through the implementation of advanced technologies," he added.

Mr. Barnett added that ACORD standards provide "a proven foundation for real-time and dependable exchange of data between insurers, producers, rating bureaus, service providers and more."

Ron Dudley, vice president of standards for the Pearl River, N.Y.-based ACORD, said: "We thank Mayfare for their commitment to standards and their membership in ACORD. We look forward to working with the Mayfare staff as they implement the ACORD standards in their new generation of products."

Mayfare said it has been a provider of software solutions for the property-casualty industry since 1972. Mayfare offers a client-server product with modules for policy, claims, accounting and reporting, accompanied with full implementation and ongoing support services.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.