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Acord adds LMA data standards.
(From Reinsurance)
Acord has added data elements and guidelines from the Lloyd's Market Association to its own global data standards.
The new requirements have been validated by London brokers and company underwriters and were formally adopted by Acord members in July. The modified standards will allow risk managers, brokers and carriers to easily pass on data to each other, preventing the need to re-key information as it passes along the business chain.
Phil Brown, standards ...
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