ACORD Continues to Grow Through Mergers
Standards organization consolidates with DISA, an organization that focuses on cross-industry electronic standards.
Insurance Networking News, January 14, 2013
ACORD, a nonprofit global data standards organization, and DISA, the organization for development of cross-industry electronic business interchange standards, announced today that the two organizations would consolidate under the ACORD banner.
"This merger allows us to support all insurance standards including healthcare, as well as introducing new industry sectors to ACORD," said Gregory Maciag, ACORD President and CEO. "ACORD Standards cover all lines of insurance business including property & casualty, life and reinsurance. DISA brings great strength in healthcare and cross-industry standards, so together we expand our standards family."
"We're very pleased to become part of one of the largest standards development organizations in the world," said Jerry Connors, DISA President. "This is a win-win for all sides."
Mergers have long been a part of ACORD's growth. In 2001, ACORD and European standards body WISe merged, with ACORD assuming responsibility for reinsurance standards and increasing its global footprint.
DISA serves as the secretariat for ASC X12, the Accredited Standards Committee that develops and maintains cross-industry e-commerce standards that improve global business process interoperability. ASC X12 and ACORD are also developing a plan for partnership, with ASC X12 members to become subscriber members of ACORD while retaining membership in ASC X12.
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