ACORD, the global standard-setting body for the insurance industry, has announced the appointment of Tim Ellis as UK Managing Director.
The organization develops data standards to support consistent and efficient exchange of information across insurance markets, and Ellis said he would focus on driving the adoption and development of ACORD data standards while supporting digital transformation across the London market and the international re/insurance and specialty sectors.
Ellis is an experienced figure in the London market, with a career spanning over 25 years. During this time, he was extensively involved in initiatives involving standardized data exchange and worked with organizations such as Lloyd’s, Velotic and numerous brokers, insurers, reinsurers and technology providers. ACORD added that his job involves helping companies manage complex operational changes and develop more innovative ways of working.
“I’ve always thrived at the intersection of vision and execution, and I’m passionate about future-proofing technology ecosystems,” commented Ellis. “I have been working on ACORD data standards for decades, and I believe they are now more than ever key to building a digital future for our industry.”
Ellis previously served as operations director at Web Connectivity Limited, where his responsibilities included business transformation initiatives, stakeholder engagement, software delivery and information security, according to ACORD. He also worked in the information systems consulting practice at Ernst & Young.
“Tim has a long history with ACORD standards and deep expertise in the continued modernization of the market,” added Tanya Krochta, ACORD executive vice president, chief operating officer and acting CEO. “This pedigree and his operational focus make him the ideal leader for this position.”
ACORD said the appointment is consistent with Clarissa Montecillo’s transition to ACORD’s Solutions Group, where she will serve as global head of consulting and consulting. The organization said she will use her experience leading ACORD’s UK business to build an expanded consulting and advisory service designed to support industry-wide digitization.
“The expanded consulting unit will combine the full strengths of ACORD standards, ASG Digital Assets and our deep expertise in processes and data to improve efficiency, interoperability and real business impact in the insurance community,” said Montecillo.
ACORD noted that its wholly-owned subsidiary, ACORD Solutions Group, was established in 2016 at the request of its member community to help solve key industry challenges and promote more efficient digital data exchange. The enhanced consulting capabilities will also leverage the expertise of its Authorized Integrator Partners, a network of digital transformation experts, the organization added.
“Clarissa has played a key role in driving the benefits of ACORD standards-based data exchange in global markets, and we are excited that she will apply her expertise and dedication to building ASG’s consulting practice,” commented Chris Newman, President and CEO of ACORD Solutions Group. “This is an important evolution in how ASG supports the industry. We are creating a more integrated model that brings together standards, technology and industry insights to accelerate real change.”