The WIP Working Group is responsible for standardizing data in Work-in-Process reports and promoting the use of these standards for data collection in the surety underwriting process.
Items tagged with "industry"
XBRL US, in partnership with the SunSpec Alliance and the solar industry have developed a draft taxonomy for solar financing called the Orange Button Taxonomy. Background The U.S solar industry has grown by an average of 68% per year for the past decade (Source: SEIA). Rapid expansion in the solar energy industry highlights the need […more]
XBRL US announced the start of a 60-day public review of the Work in Process (WIP) Taxonomy, developed to evaluate how structured data can streamline surety underwriting data processing to reduce costs and increase timeliness and consistency. AIG, Travelers and Zurich Insurance join to sponsor the program, along with early entries GALLINA LLP, Liberty Mutual and the NASBP.
Hear speakers from the National Association of Surety Bond Producers (NASBP) and Liberty Mutual discuss how data standards can improve the surety underwriting process. See demonstrations of tools that can be used to create and consume XBRL formatted Work in Process reports that contractors provide to sureties.
XBRL US and three organizations in the surety industry – GALLINA LLP, Liberty Mutual and the National Association of Surety Bond Producers (NASBP) – announced today the launch of a pilot program to evaluate how structured data can streamline surety underwriting data processing to reduce costs and increase timeliness and consistency.
Surety providers review the contractor’s financial statements to identify risks and determine eligibility for surety bonds. Financial statements include a Work in Process (WIP) report that describes the financial performance and status of a contractor’s construction projects. Today’s surety underwriting process is highly manual and therefore, labor-intensive, time-consuming and costly. Working Group Members Using Data […more]
Results from corporate actions pilot and other XBRL implementations to be presented XBRL US announced today, plans for a ½ day conference on XBRL and Corporate Actions to be held on December 10, 2012 in New York City, which will be co-sponsored by the Asset Managers Forum of SIFMA (Securities Industry and Financial Markets Association). […more]
XBRL Data Forum Announced, Conference for Developers and Technologists to be Held 9/11/12, Austin, Texas
Wealth of XBRL data now available means significant opportunity for developers WASHINGTON, July 16, 2012 /PRNewswire/ — XBRL US today announced the introduction of a new one-day conference, the XBRL Data Forum, which will take place September 11, 2012 in Austin, Texas, and will be held in conjunction with the XBRL US national conference, Current […more]
XBRL US Supports the Use of Data Standards in the Children and Family Services Innovation and Improvement Act
The Act, H.R. 2883, was signed by President Obama on September 30, 2011 NEW YORK, Oct. 3, 2011 /PRNewswire/ — XBRL US, the nonprofit consortium for XBRL standards, today announced its strong support for the requirement that data standards be used in reporting by states on how they spend child welfare funds received from the […more]
Seeks research on economic impact of open standards on risk, operations, communication Washington, May 24 – XBRL US, the nonprofit XML standard setter for business information reporting in the United States, has issued a Call for Papers to academic institutions inviting papers on the economic impact of free and open standards on the flow of […more]