ACORD Options Group (ASG), the subsidiary of world insurance coverage standard-setting physique ACORD, has introduced the launch of a service layer for customers of its information trade platform ADEPT. This new portal has been tailor-made for customers of ADEPT for International Reinsurance & Giant Industrial (GRLC) Accounting & Claims.
ADEPT allows real-time information trade, translation, and transformation to hyperlink buying and selling companions and supply information construction, validation, and reconciliation throughout totally different enterprise features. The added person portal works on prime of ADEPT’s RESTful APIs to boost person entry to the platform all through the worldwide insurance coverage group, permitting stakeholders to attach through their most well-liked channels and work together with a broad vary of senders and receivers.
By the ADEPT person portal, insurers and brokers will have the ability to ship and obtain Accounting & Claims transactions even when they’re unable to connect with the platform’s APIs. The portal permits customers to enact a full two-way workflow with counterparties additionally on ADEPT or these on their very own ACORD gateway, enabling integration with shoppers of distributors by means of the ACORD Licensed Integrator Accomplice group. It additionally contains particular options similar to customized reviews and transactions downloads.
“The brand new ADEPT Portal is a straightforward method to entry the advantages of standardized world information trade,” stated Chris Newman, world managing director at ACORD. “Even those that are unfamiliar with the GRLC Requirements will have the ability to shortly automate their inward and outward information trade, and combine with the worldwide insurance coverage ecosystem.”
A number of ADEPT customers have already linked through the ADEPT portal, stated ASG in a press release, together with SCOR and Echo Re.
“ADEPT has confirmed to be a sound platform, with standardized information trade capabilities which have lined numerous complicated use instances now we have come throughout,” stated Roman Kazancev, CTO of Jean Edwards Consulting, a worldwide consultancy agency that has carried out ADEPT on behalf insurance coverage and broking shoppers. “ADEPT has been persistently effectively obtained by a variety of our reinsurance shoppers, and implementation may be very easy with the help of the responsive ACORD Options crew.”