A delegation of ACORD staff and members went to China Aug, 3 and 4 for a seminar focused on ACORD standards and how they can be applied within the Chinese insurance market.
The event was hosted by ACORD, the China Insurance Industry Standardization Technology Committee and the China Insurance Regulatory Commission Dalian Bureau in the seaside city of Dalian in Liaoning province, about 1 hour outside of Beijing, according to ACORD, Pearl River, N.Y. Gregory A. Maciag, president and chief executive of ACORD, led his group’s delegation.
The goal of the seminar was to provide information and resources attendees needed to understand the business value of ACORD standards, as well as the way those standards can support both their domestic and international efforts, ACORD said.
More than 160 Chinese insurance company technical officers and information technology staff, along with CIRC officials, attended the event. Participants heard from IT leaders of domestic Chinese insurers including China Life, Ping An Insurance Company, China Re Group and China Pacific Insurance Company about their experiences with implementing ACORD standards.