ACORD (Association for Cooperative Operations Research and Development) is a global, nonprofit organization serving the insurance industry. ACORD enables greater efficiency, cost savings and data quality for all parties in the insurance value chain through the development of open consensus data standards along with tools to assist in their implementation. ACORD promotes technological and business innovation through the Insurance Innovation Challenge, an annual event that seeks individuals and organizations who demonstrate the ability to develop new products and services that bring positive change to the insurance industry. ACORD is committed to developing the next generation of industry professionals and college students through its Young Professionals' Scholarship Program and ACORD Scholars' Program. ACORD members worldwide include hundreds of insurance and reinsurance companies, agents and brokers, software providers, and industry associations. ACORD maintains offices in New York and London.