Search
 
Commentary

Innovations with ACORD

When you adopt industry standards, youre now in a position to collaborate with partners and replicate successful solutions easily, cheaply and confidently.

By Gregory A. Maciag | Updated on October 19, 2015

It’s not easy to point to the organizational tools, techniques or assets that directly create value. Maybe you have a fantastic brand, a captive genius whose product ideas never miss or a proud bank of relationships that guarantee profits.

It’s right to treasure and nurture these value creators wherever we find them. But of course we want to find new sources and generators of value. Industry data standards are the greatest unsung value creator of them all. Standards not only destroy waste, they enable innovation. When you’re running in a standards-based environment, you can introduce new products, services and processes faster. Even better, you have an actionable, legible environment that inspires new ideas.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

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.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.