As ACORD focuses its expertise on helping carriers to implement standards, the Insurance Accounting and Systems Association (IASA, Durham, N.C.) aims to better help insurers by helping itself in 2004. The education association that strives to enhance the knowledge of insurance professionals will build out its technology infrastructure to better connect and service its members. "We have gone to an Internet-based system that helps us respond to our traditional objective of 'Progress Through Sharing Knowledge' in new and exciting ways," explains Joe Pomilia, executive director, IASA.
The group will also continue to push adoption of XBRL (eXtensible Business Reporting Language). The XML-based standard creates tags for financial reporting information and improves the portability and usability of statutory financial reports, according to Pomilia. In 2004, IASA will also focus on its annual conference and "making it an even better choice for industry professionals and solution providers," says Pomilia. "We have increased the value of the event by lowering the cost to attendees and exhibitors." It will take place at the Mandalay Bay resort in Las Vegas from June 6-9, 2004.