ACORD Solutions Group announced today that DXC Technology, a leading Fortune 500 global technology company, will expand its usage of ACORD Solutions Group’s ADEPT to enable users of its SICS platform to transact with (re)brokers, cedents, and reinsurers around the world.
DXC will integrate ADEPT for Global Reinsurance and Large Commercial (GRLC) to support its SICS solution, the globally leading and globally standardized end-to-end solution for assumed and ceded, life and P&C reinsurance administration.
ADEPT (ACORD Data Exchange Platform and Translator) facilitates real-time data exchange, translation, and transformation, and connects stakeholders across the global insurance industry. Integration with ADEPT will enable SICS users to exchange ACORD GRLC accounting and claims messages with other eMessage-enabled trading partners around the world. Through ADEPT’s integrated ACORD Transcriber, a document digitisation tool, reinsurers will also be able to receive ACORD GRLC messages from non-eMessaged enabled trading partners as well.
ADEPT also provides SICS users the ability to connect to Lloyd’s Blueprint Two services and solutions, helping them seamlessly exchange ACORD GRLC messages with partners around the world using the new services built by Lloyd’s.
“The complementary capabilities of SICS and ADEPT create a truly powerful tool for reinsurers across the global market,” said Bjørnar Evenshaug, DXC’s Global Offering Manager, Reinsurance. “The flow of real-time digital data in and out of their systems eliminates manual rekeying and dealing with disparate data sources and formats, ultimately improving data speed, accuracy, and consistency.”
DXC and ACORD Solutions Group, the provider of solutions for standardised data exchange throughout the global (re)insurance industry, have partnered on various digitalisation efforts for the London Market and wider industry. In addition to collaborations on recent Lloyd’s Blueprint Two modernisation initiatives, DXC is a Licensed Integrator Partner of ACORD Solutions Group, and has previously implemented ADEPT to support its solutions for brokers and insurers.
“As a leading provider of core insurance solutions, DXC Technology is a key partner as the industry works together to modernise,” said Chris Newman, ACORD’s Managing Director – Global. “Our collaboration with DXC will help us continue to reach (re)insurers with next-generation digital solutions like ADEPT, enabling faster, more efficient digital data exchange across the London Market and global insurance industry.”
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