ACORD Doubles Down on Digital Standards with NGDS Model and GRLC 2.0
Event summary
- ACORD launched the NGDS Object Model in 2025 to streamline data exchange across insurance enterprise systems.
- The organization published the first GRLC Generation 2.0 standards, consolidating multiple implementations into a single framework.
- ACORD won the 2025 British Insurance Technology Award for Efficiency with Marsh and AXA XL for digitalizing broker-carrier workflows.
- The ACORD Student Challenge applied AI tools to develop pet insurance underwriting standards.
The big picture
ACORD's 2025 initiatives reflect the insurance industry's urgent push toward digital-first operations. The NGDS Object Model and GRLC 2.0 standards aim to unify fragmented systems, while the Student Challenge highlights the growing role of AI in shaping underwriting standards. With over 36,000 member organizations, ACORD's efforts could accelerate industry-wide modernization if adoption scales.
What we're watching
- Standards Adoption
- The pace at which insurers integrate the NGDS Object Model into core systems will determine its long-term impact on operational efficiency.
- AI Integration
- How ACORD's collaboration with students on AI-driven standards development will influence future underwriting practices.
- Industry Collaboration
- Whether ACORD's partnerships with Marsh, AXA XL, and St. John's University can sustain momentum for broader digital transformation.
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