London IT Club 26 February 2004

1. London IT Club26 February 2004 Susan Savage

2. ACORD 2004 • Strategy Report • Working Groups • May Conference • June Event

3. Strategy 2004 • Three step process was used • External assessment • Formulated Potential Initiatives • Road Map and Measures of Success identified • Strategy Development process helped ACORD: • Assimilate data about Key trends • How they affect Geography and LOB’s • Validate strategic directions

4. Strategy • Four Strategic Priorities: • Standards Implementation • Standards Development • Participation and Growth • Industry and Government Affairs. • Available on our website 15 March 2004.

5. Strategy • ACORD is confident that: • with the support of the membership, • it can achieve its strategic objectives and • provide the value expected by the members.

6. Working Groups and Pilot Projects • Binding Authority - GL • Global Placing Document • Claims Core Dataset • Risk Submissions Core Dataset • Joint Architecture Group – • Design • Framework • Pilot – Document Repository Interface

7. 2004 Annual Conference • 2200 attendees • 100 Workshops • 175 Exhibitors (Hall sold out) • Sponsorship Opportunities Still Available: • $3,000 upwards • Website registration and full details – www.acordlomaforum.org • May 23rd – 25th • Las Vegas • Paris/Bally’s Hotels

8. ‘ConneXions’ – Day Event - London • “Global Re” Magazine and ACORD • Grocers’ Hall, Princess Street, EC2 • 30 June 2004 • Topics include: • The rewards and risks of technology, standards and business process • Regulatory issues – Sarbanes Oxley, FSA, EU • CEO panel • Catastrophic Exposures – Modelers, standards and data transparency • Announcement 15 March

9. Thank You ACORD www.acord.org