The Alea Group joins ACORD. (Technology).The Alea Group has joined the Association for Cooperative Operations Research operations research Application of scientific methods to management and administration of military, government, commercial, and industrial systems. It began during World War II in Britain when teams of scientists worked with the Royal Air Force to improve radar detection of and Development to participate in defining e-commerce standards for the international insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. sector. Alea's aim is to contribute to, and support, ACORD's efforts to develop and deploy standards using extensible markup language See XML. (language, text) Extensible Markup Language - (XML) An initiative from the W3C defining an "extremely simple" dialect of SGML suitable for use on the World-Wide Web. http://w3.org/XML/. to enable messaging structures between trading partners for use in the global insurance and reinsurance industry, said ACORD ACORD Association for Cooperative Operations, Research and Development ACORD Agency for Cooperation and Research in Development ACORD Association de Coopération et de Recherche pour le Développement (French) . Alea Group Holdings underwrites almost all classes of reinsurance business in the property/casualty, life and alternative risk transfer areas. "Alea recognizes the need to be at the forefront of changes in the way it conducts its business processes and fully intends to take advantage of every opportunity to move forward by using the latest technology available, together with coordinated data standards," Stephen Cane, chief executive officer of Alea London, executive vice president of the Alea Group and chairman of the International Underwriting Association, said in a statement. Pearl River Pearl River, uninc. village (1990 pop. 15,314), Rockland co., SE N.Y., near the N.J. line. It is a residential suburb of New York City, and a computer and telecommunications research and development center. Pearl River River, central Mississippi, U. , N.Y.-based ACORD is a global, nonprofit insurance association dedicated to facilitating the development and use of standards for the insurance, reinsurance and related financial services industries. |
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