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ACORD Solutions Group, the leading provider of next-generation digital solutions for the global insurance industry, reported a significant increase in global reinsurance digital transactions through its ADEPT software, with a 73% increase from 2024 to 2025, representing more than a 300% increase since 2023.
ADEPT (ACORD Data Exchange Platform and Translator) enables the seamless exchange of placing, accounting, and claims data with stakeholders across the global insurance ecosystem, at all levels of digital enablement. ADEPT messaging is fully compliant with the ACORD Global Reinsurance & Large Commercial (GRLC) Standards, allowing (re)insurance organizations to digitally exchange messages, with significant savings in time, cost, and manual effort.
“Reinsurers have long been at the vanguard of digitalization,” said Chris Newman, President International, ACORD Solutions Group. “The growth in digital reinsurance transactions reflects the strength of the current reinsurance market and the industry’s clear vision of connecting international markets in a way that supports seamless collaboration and drives innovation.”
The ACORD GRLC Standards community has reported that using ADEPT has resulted in an 80% improvement in data quality, 60% reduction in manual effort, and 50% reduction in turnaround time to process claim transactions.
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