he most common use for ACORD data standards is in the exchange of information between trading partners. Most communities using ACORD Standards for messaging use modern XML (extensible Markup Language) following rules established by the World Wide Web Consortium.

ACORD Standards for life, non-life and reinsurance

- Non-life Standards (Property/ Casualty & Surety: PCS
In the non-life sector, ACORD primarily focuses on information exchange between trading partners.

There are three formats today: AL2, PCS v1.x, and standard Forms for business processes like personal line applications and claims processes.

Life Standards (Life/Annuity & Health: LAH
ACORD Life Standards are also focused primarily on the exchange of information between trading partners. There are two formats today: LAH v2.x and Forms.

- Reinsurance & Large Commercial Standards (RLC)
ACORD’s RLC Standards today primarily focus on the exchange of information between trading partners in the direct and subscription markets using XML technology with its own Naming and Design Rules.


The ACORD India Working Group may consist of the following members:

1. Executive Director (Admn & IT), IRDA
2. Financial Advisor, IRDA
3. Joint Director (Actuarial)
4. Joint Director (F&A-Life)
5. Joint Director (Life)
6. Deputy Director (F&A-Non-Life)
7. Representative of ACORD
8. Representative of IDRBT
9. Representative of LIC
10. Representative of GIC
11. Representative of two life Pvt. Insurers
12. Representative of one non-life PSU
12. Representative of one non-life Pvt. Insurer
13. Representative of one insurance broker
14. Representative of insurance agent
15. Representative of insurance surveyor
16. Representative of National Insurance Academy, Pune
17. Representative of IIRM, Hyderabad
18. Representative of ICAI
19. Representative of ASI
20. HOD (Non-Life), IRDA