Orlando, Fla. (PRWEB) May 05, 2014
ACORD, the global data standards organization for the insurance industry, has selected Intentional Software’s platform to build the next generation Standards Development Platform (SDP) for creating, managing and publishing ACORD Standards. The announcement was made at the 2014 ACORD LOMA Forum in Orlando, Florida.
The new SDP will accelerate and simplify the standards management process. It will create higher accuracy and usability for ACORD member organizations by redefining the way ACORD records and processes its expansive industry knowledge.
“We are always looking for advancements in technology that enable us to serve our members better,” said Pete Teresi, ACORD Vice President of Standards and Technology, and CTO. “The Intentional Platform will allow us to develop and publish standards more quickly, and give ACORD member companies a more direct way to consume and implement our standards in their business operations efficiently and accurately. That will help improve their overall business performance.”
“ACORD is always in the vanguard when it comes to innovative technologies. We look forward to working closely with them on their Standards Development Platform,” said Charles Simonyi, Ph.D., Founder, CTO and Chairman of Intentional Software.
“This partnership with ACORD is another example of how Intentional solves problems where traditional technologies fall short,” said Magnus Christerson, Executive Vice President of Intentional Software. “In addition to simplifying standards management, the Intentional Platform has been chosen for other insurance industry solutions. This ACORD partnership demonstrates how we are fulfilling our mission to enable our customers to activate and process their industry knowledge.”
ACORD (Association for Cooperative Operations Research and Development) is a global, nonprofit organization serving the insurance industry and related industries. ACORD facilitates the development of open consensus data standards and works with its members and partner organizations to drive implementation of those standards. Implementing ACORD Standards has been shown to improve data quality and flow, increase efficiency, and realize billion-dollar savings to the global insurance industry. ACORD members worldwide include hundreds of insurance and reinsurance companies, agents and brokers, software providers, and associations. ACORD also presents events, videos, research papers and seminars on standards implementation as well as current technology and business topics. ACORD maintains offices in New York and London.
About Intentional Software:
Intentional Software’s mission is to make business domain knowledge more accessible and useful. We help customers record and process knowledge to activate their knowledge work improving their productivity and accelerating their innovation. Intentional Software was founded by Charles Simonyi, chief architect of Microsoft Word and Excel. Prior to joining Microsoft in 1981, Simonyi created the first WYSIWYG (What You See Is What You Get) Word Processor at Xerox PARC which revolutionized how business professionals create documents.