NU Online News Service, May 18, 3:36 p.m. EDT
ORLANDO, FLA--The development and widening adoption of communication standards have promoted efficiency and improved the insurance industry's bottom line, but those committed to the cause cannot afford to become complacent, said ACORD President and CEO Gregory A. Maciag.
"Standards don't run on electricity--they run on commitment. They don't come in a box--they come with people whose persistence makes them a success, no matter how the economy is doing," Mr. Maciag said here during the ACORD LOMA Insurance Systems Forum.
While hailing the hard work of all those who participate in the many committees and subgroups that create and help implement standards throughout the industry, Mr. Maciag reminded everyone how critical it remains to keep telling co-workers and senior management about what standards mean to a company's efficiency, productivity and profitability.
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