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Acord Focșani
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 insurance data exchange between trading partners. However, ACORD is not an insurance company and does not process claims or provide insurance coverage. 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 and casualty insurance market. Originally named Agent Company Operations Research and Development (ACORD), the organization initially aimed to standardize carriers' many proprietary forms for new business and claims submission. In the late 1970s, ACORD began developing electronic standards to complement its form standards. ACORD subsequ ...
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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 protect 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 o ...
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Little Falls, New Jersey
Little Falls is a township in Passaic County, in the U.S. state of New Jersey. The township was named after a waterfall on the Passaic River at a dam near Beattie Mill. As of the 2020 United States census, the township's population was 13,360, a decrease of 1,072 (−7.4%) from the 2010 census count of 14,432, which in turn reflected an increase of 3,577 (+33.0%) from the 10,855 counted in the 2000 census. History Little Falls traces its first European settlement to 1711, when seven Bergen Dutch settlers banded together to begin farming. The Speer Homestead dates from (and may have originally been built in 1680). The Morris Canal, once an important artery of trade and transportation until 1925 between the Delaware and Hudson rivers, wound its way through the township, and vestiges of it still remain today, some parts of which form a greenway. Little Falls was incorporated as a township by an act of the New Jersey Legislature on April 2, 1868, from portions of Acquack ...
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London, UK
London is the capital and largest city of both England and the United Kingdom, with a population of in . Its wider metropolitan area is the largest in Western Europe, with a population of 14.9 million. London stands on the River Thames in southeast England, at the head of a tidal estuary down to the North Sea, and has been a major settlement for nearly 2,000 years. Its ancient core and financial centre, the City of London, was founded by the Romans as Londinium and has retained its medieval boundaries. The City of Westminster, to the west of the City of London, has been the centuries-long host of the national government and parliament. London grew rapidly in the 19th century, becoming the world's largest city at the time. Since the 19th century the name "London" has referred to the metropolis around the City of London, historically split between the counties of Middlesex, Essex, Surrey, Kent and Hertfordshire, which since 1965 has largely comprised the adm ...
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Lloyd's Of London
Lloyd's of London, generally known simply as Lloyd's, is a 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", include both corporations and private individuals, the latter being traditionally known as "Names". The business underwritten at Lloyd's is predominantly general insurance and reinsurance, with a small amount of term life insurance. The market has its roots in marine insurance and was founded by Edward Lloyd at his coffee-house on Tower Street 1689, making it one of the oldest insurance companies in the world. Today, it has a dedicated building on Lime Street, a Grade I historic landmar ...
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Data Integration
Data integration refers to the process of combining, sharing, or synchronizing data from multiple sources to provide users with a unified view. There are a wide range of possible applications for data integration, from commercial (such as when a business merges multiple databases) to scientific (combining research data from different bioinformatics repositories). The decision to integrate data tends to arise when the volume, complexity (that is, big data) and 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 information from exist ...
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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 * Irish Socialist Network * Israel Start-Up Nation * ITAD Subscriber Numbers for VoIP PBX * Nicaraguan Sign Language () * Sloulin Field International Airport, a defunct airport in North Dakota with the IATA code "ISN" 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 LLC 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 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 City 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 documentation that proves that a person has valid insurance with an insurance company. Where vehicle insurance Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for automobile, cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bo ... is compulsory, a driver usually must carry proof of insurance in their automobile or on their person while driving. If a driver is questioned by a law enforcement official, they must provide proof of insurance and often face a penalty if they do not. The most common form of a POI in the United States was a paper card provided by the insurance company listing policy information and effective dates, though now electronic versions for smartphones are also used. Provisionally proof of insurance may sometimes be issued, such as a "cover note" in the UK, for use while awaiting the full documents for ...
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Blockchain
The blockchain is a distributed ledger with growing lists of Record (computer science), records (''blocks'') that are securely linked together via Cryptographic hash function, cryptographic hashes. Each block contains a cryptographic hash of the previous block, a Trusted timestamping, timestamp, and transaction data (generally represented as a Merkle tree, where Node (computer science), data nodes are represented by leaves). 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 resistant to alteration because, once recorded, the data in any given block cannot be changed retroactively without altering all subsequent blocks and obtaining network consensus to accept these changes. Blockchains are typically managed by a peer-to-peer, peer-to-peer (P2P) computer network for use as a public distributed led ...
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Distributed Ledger
A distributed ledger (also called a shared ledger or distributed ledger technology or DLT) is a system whereby replicated, shared, and synchronized digital data is geographically spread (distributed) across many sites, countries, or institutions. Its fundamental rationale is Argumentum ad populum whereby its veracity relies on a popular or majority of nodes to force the system to agree. In contrast to a centralized database, a distributed ledger does not require a central administrator, and consequently does not have a Single point of failure, single (central) point-of-failure. In general, a distributed ledger requires a peer-to-peer, peer-to-peer (P2P) computer network and Consensus (computer science), 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 ...
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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 Electronic data interchange, 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 ...
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Information Technology Organizations
Information is an abstract concept that refers to something which has the power to inform. At the most fundamental level, it pertains to the interpretation (perhaps formally) of that which may be sensed, or their abstractions. 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 analogue 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. The concept of ''information'' is relevant or connected to various concepts, including constraint, communication, control, data, form, education, knowledge, meaning, understanding, mental stimuli, pattern, perception, proposition, representation, an ...
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