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ACORD Recognizes Accident Fund for Insurance Technology Excellence

June 2007 -- Accident Fund Insurance Company of America was recognized by ACORD with the 2007 “Greatest Impact Award, New Implementer Jumpstart.”

The Greatest Impact Awards recognize companies that excel in the technology used to communicate with independent insurance agents. Accident Fund submitted its Real-Time Declaration Page Inquiry and Policy Download implementations for consideration.

Accident Fund received the award during the 2007 ACORD LOMA Insurance Systems Forum held May 20-22, 2007 in Orlando.

“Receiving this award from ACORD demonstrates Accident Fund’s commitment to moving forward with technology,” said Teresa Lambie, Web Services Manager for Accident Fund. “These kinds of improvements not only make it easy for agents to do business with us, they also make it more efficient for our team by reducing calls and service requests.”

Real-Time Declarations Inquiry for agents means agents can easily access Declaration Pages. The information is updated daily so current data is always available. Policy Download allows agents to automatically update policy details to their agency management system without needing to enter information manually.

“Accident Fund is setting an example for the rest of the industry that we hope inspires others to join ACORD and begin their work with data standards,” said Denise Garth, ACORD’s vice president of Membership & Standards.

ACORD (Association for Cooperative Operations Research and Development) is a nonprofit insurance association that facilitates the development and use of standards for insurance and financial services industries.

Headquartered in Lansing, Michigan, Accident Fund Insurance Company of America is the 14th largest writer of workers compensation insurance in the United States. Accident Fund is rated “A” (Excellent) by A.M. Best and is a member of Ward’s 50 top property/casualty carriers. Accident Fund is the parent of Wisconsin-based United Heartland.

 

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