The Association for Cooperative Operations Research and Development (ACORD)

ACORD (Association for Cooperative Operations Research and Development) is a global non-profit organization that serves as the standards-setting body for the insurance and related financial services industries. Its core mission is to facilitate fast, accurate data exchange and efficient workflows through the development of electronic standards, standardized forms, and supporting tools. Established in 1970, ACORD is headquartered in Little Falls, New Jersey, and also maintains an office in London, UK.

ACORD develops and maintains a comprehensive library of electronic data standards, including over 1200 standardized transaction types, and an archive of standardized forms utilized across property and casualty, life and annuity, surety, and reinsurance markets. These standards and forms are designed to improve data quality, increase efficiency, and realize significant cost savings across the insurance value chain. ACORD Solutions Group, an industry-owned extension formed in 2016, further supports the implementation of ACORD Standards through digital solutions such as ADEPT (ACORD Data Exchange Platform & Translator), ACORD Conductor, ACORD Transcriber, and ACORD Converter.

ACORD engages over 36,000 participating organizations spanning more than 100 countries, including insurance and reinsurance companies, agents, brokers, software providers, and financial services organizations. Recent initiatives include the release of the 2026 Insurance Digital Maturity Study, which analyzes over 200 global insurers and emphasizes the importance of robust technology and data execution, particularly for AI implementation. ACORD also published a study in April 2026 on carrier mergers and acquisitions, revealing that 68% of global carrier transactions between July 2023 and December 2025 created organizational value. Bill Pieroni serves as the CEO of ACORD.