Underwriting Agencies Council General Manager William Legge has been invited to join ACORD’s peak Asia Pacific governance committee.
The ACORD Asia-Pacific General Insurance (GI) Program Advisory Council (PAC) provides direction to the Asia-Pacific GI Program, which was established in 2011 to provide insurance process, messaging and data standards for the Asia-Pacific GI marketplace.
The standards cover a broad range of GI products underwritten across the region and support the entire policy and claims life cycle.
Participants are ACORD members from across the GI community, including agents and brokers, distributors, insurers, service providers, software providers and industry associations.
Mr Legge said ACORD’s role was important in harmonising standards across an increasingly global industry.
Steven Tuften, ACORD’s representative for Australia and New Zealand, welcomed Mr Legge to the PAC.
“Many regional underwriters and Lloyd’s coverholders have joined ACORD to take advantage of ACORD’s delegated authority reporting standard developed for London market reporting. William brings a wealth of experience and an invaluable perspective to PAC in his role supporting the regional underwriting community.”
The new Asia-Pacific GI PAC was established at ACORD’s 10 June 2018 board of directors’ meeting.
UAC and ACORD entered into a reciprocal membership agreement in February 2018.