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ACORD
The Association for Cooperative Operations Research and Development (ACORD) is a non-profit organization in the insurance industry. ACORD publishes and maintains an archive of standardized forms. ACORD has also developed a comprehensive library of electronic data standards with more than 1200 standardized transaction types to support exchange of insurance data between trading partners. ACORD itself, though, is not an insurance company and does not process claims or provide insurance coverage of any kind. History Established in 1970 as a non-profit organization, ACORD was formed by insurance carriers and agents focused on building efficiencies in the United States property casualty insurance market. Originally named Agent Company Operations Research and Development (ACORD), the organization's initial goal was to standardize the many proprietary forms being used by carriers for new business and claims submission. In the late 1970s, ACORD began developing electronic standards to comple ...
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Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ...
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Pearl River, New York
Pearl River is a Hamlet (New York), hamlet and census-designated place in the town of Orangetown, New York, Orangetown, Rockland County, New York, Rockland County, New York (state), New York, United States. It is east of Chestnut Ridge, New York, Chestnut Ridge, south of Nanuet, New York, Nanuet, west of Blauvelt, New York, and north of Montvale, New Jersey, Montvale and Old Tappan, New Jersey. The population was 15,876 at the 2010 census. Pearl River is north of midtown Manhattan and just north of the New Jersey border. It is Pearl River station, the first (traveling north) of three New York stops on New Jersey Transit's Pascack Valley Line. History In 1696, Pearl River was part of a larger piece of land known as the Kakiat Patent that was granted to Daniel Honan and Michael Hawdon. In 1713, the land was split into north and south plots. After the American Revolutionary War, Revolutionary War, the land was further divided and sold. Pearl River was a piece of land made up o ...
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London, UK
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Romans as ''Londinium'' and retains its medieval boundaries.See also: Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national government and parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London, governed by the Greater London Authority.The Greater London Authority consists of the Mayor of London and the London Assembly. The London Mayor is distinguished from the Lord May ...
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Lloyd's Of London
Lloyd's of London, generally known simply as Lloyd's, is an insurance and reinsurance market located in London, England. Unlike most of its competitors in the industry, it is not an insurance company; rather, Lloyd's is a corporate body governed by the Lloyd's Act 1871 and subsequent Acts of Parliament. It operates as a partially-mutualised marketplace within which multiple financial backers, grouped in syndicates, come together to pool and spread risk. These underwriters, or "members", are a collection of both corporations and private individuals, the latter being traditionally known as "Names". The business underwritten at Lloyd's is predominantly general insurance and reinsurance, although a small number of syndicates write term life insurance. The market has its roots in marine insurance and was founded by Edward Lloyd at his coffee house on Tower Street in 1688. Today, it has a dedicated building on Lime Street which is Grade I listed. Traditionally business is tr ...
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Data Integration
Data integration involves combining data residing in different sources and providing users with a unified view of them. This process becomes significant in a variety of situations, which include both commercial (such as when two similar companies need to merge their databases) and scientific (combining research results from different bioinformatics repositories, for example) domains. Data integration appears with increasing frequency as the volume (that is, big data) and the need to share existing data explodes. It has become the focus of extensive theoretical work, and numerous open problems remain unsolved. Data integration encourages collaboration between internal as well as external users. The data being integrated must be received from a heterogeneous database system and transformed to a single coherent data store that provides synchronous data across a network of files for clients. A common use of data integration is in data mining when analyzing and extracting informati ...
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ISN Software Corporation
The initials ISN can stand for: * Bureau of International Security and Nonproliferation, in the U.S. Department of State * Intel Software Network * International Relations and Security Network * International Socialist Network * International Society for Neurochemistry * International Society of Nephrology * International Suppliers Network, a vendor tracking system * Internment Serial Number for US prisoners during conflicts * Irish Socialist Network * Israel Start-Up Nation * ITAD Subscriber Numbers for VoIP PBX * Nicaraguan Sign Language ( es, Idioma de Señas de Nicaragua) See also * International Standard Number (other) International Standard Number may refer to: *International Standard Book Number, a unique numeric commercial book identifier based upon the 9-digit Standard Book Numbering code *International Standard Recording Code, a unique twelve-character alphan ...
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Marsh (company)
Marsh is a global professional services firm, headquartered in New York City with operations in insurance broking and risk management. Marsh is a subsidiary of Marsh McLennan and a member of its Risk & Insurance Services business unit. Currently, approximately 45,400 Marsh employees provide risk management, insurance broking, insurance program management, risk consulting, analytical modeling and alternative risk financing services to a wide range of businesses, government entities, professional service organizations and individuals in more than 130 countries. Marsh's $10.208 billion in revenue in 2021 accounted for 52% of the parent company's total fiscal year revenue. History Marsh's insurance brokering and risk management business began in the first decade of the twentieth century, when it was formed by Henry Marsh and Donald McLennan with operations in New York and Chicago, where McLennan had studied railroad risk and insurance needs by spending 30 days riding the rails. ...
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Proof Of Insurance
Proof of insurance (POI) is any type of documentation that a person can provide to another individual proving that the person has valid insurance with an insurance company. The most common form of a POI is a paper card provided by the insurance company listing policy information and effective dates. Where vehicle insurance Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury ... is compulsory, many states require that a person carry proof of insurance in their automobiles or on their person while driving. If a person is questioned by a law enforcement official, they must provide proof of insurance. A citation is generally issued if the person cannot provide such documentation. See also * No fault insurance Vehicle insurance Documents {{Law-stub ...
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Blockchain
A blockchain is a type of distributed ledger technology (DLT) that consists of growing lists of records, called ''blocks'', that are securely linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a Merkle tree, where data nodes are represented by leaves). The timestamp proves that the transaction data existed when the block was created. Since each block contains information about the previous block, they effectively form a ''chain'' (compare linked list data structure), with each additional block linking to the ones before it. Consequently, blockchain transactions are irreversible in that, once they are recorded, the data in any given block cannot be altered retroactively without altering all subsequent blocks. Blockchains are typically managed by a peer-to-peer, peer-to-peer (P2P) computer network for use as a public distributed ledger, where nodes collectively adhere to ...
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Distributed Ledger
A distributed ledger (also called a shared ledger or distributed ledger technology or DLT) is the consensus of replicated, shared, and synchronized digital data that is geographically spread (distributed) across many sites, countries, or institutions. In contrast to a centralized database, a distributed ledger does not require a central administrator, and consequently does not have a single (central) point-of-failure. In general, a distributed ledger requires a peer-to-peer (P2P) computer network and consensus algorithms so that the ledger is reliably replicated across distributed computer nodes (servers, clients, etc.). The most common form of distributed ledger technology is the blockchain (commonly associated with the Bitcoin cryptocurrency), which can either be on a public or private network. Infrastructure for data management is a common barrier to implementing DLT. In some cases, where the distributed digital information functions as an accounting journal rather than an a ...
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Centre For Study Of Insurance Operations
CSIO, the Centre for Study of Insurance Operations, is the Canadian property and casualty insurance industry's nonprofit association of insurers, brokers and software providers. Much of its work is in the development of data standards, especially XML and EDI, for the transmission of insurance information throughout the Canadian P&C insurance industry. CSIO also promotes the adoption of various technologies within the industry, such as telematics and electronic signature, that promise to enhance efficiencies in the broker distribution channel. For example, as part of its XML standards, CSIO released a telematics data standard in January 2014 to facilitate the process of transferring driving data from an insurance customer's vehicle to an insurance company. CSIO worked together with the US insurance standards organization ACORD on the telematics initiative. Regarding the electronic signature initiative, in the summer of 2014, CSIO developed and published the eSignatures Vendor Dash ...
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Information Technology Organizations
Information is an abstract concept that refers to that which has the power to inform. At the most fundamental level information pertains to the interpretation of that which may be sensed. Any natural process that is not completely random, and any observable pattern in any medium can be said to convey some amount of information. Whereas digital signals and other data use discrete signs to convey information, other phenomena and artifacts such as analog signals, poems, pictures, music or other sounds, and currents convey information in a more continuous form. Information is not knowledge itself, but the meaning that may be derived from a representation through interpretation. Information is often processed iteratively: Data available at one step are processed into information to be interpreted and processed at the next step. For example, in written text each symbol or letter conveys information relevant to the word it is part of, each word conveys information relevant ...
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