CGI secures messaging partnership with ACORD

CGI secures messaging partnership with ACORD | Insurance Business

CGI secures messaging partnership with ACORD

IT and business consulting firm CGI has announced a partnership with the Association for Cooperative Operations Research and Development (ACORD), the standard-setting body for the global insurance industry, as its strategic global messaging partner. CGI said it would focus on leveraging the ACORD Conductor service to “influence the benefits of data standards and facilitate inbound and outbound messaging transmission” through CGI’s insurance product.

ACORD data standards are widely used throughout the insurance sector, with ACORD members accounting for half the gross written premium across the globe. ACORD Conductor operationalises these standards to create a global messaging service that allows the processing of placing, accounting and claims data.

“CGI and ACORD share the same heritage of being deeply entrenched in the global P&C industry for more than 25 years,” said Paul Wishman, vice president of insurance for CGI. “CGI is working extensively on both the business and technology side of seven out of the top 10 insurers worldwide, with deep connections to the ACORD data standards and models. We are delighted to enrich this partnership by offering our customers the ACORD Conductor solution as the next-generation global messaging service embedded within our insurance solutions.”

CGI has also joined the ACORD Solutions Group (ASG) Licensed Integrator Partner program, an initiative to make ACORD Digital Solutions more widely available.

“We are delighted to enrich CGI’s expansive global insurance solution offerings with the ACORD Conductor global messaging service,” said Chris Newman, managing director – global for ACORD. “CGI’s impressive track record in delivery capability, system-agnostic philosophy and IT architectural design aligns with the guiding principles of ACORD, with a shared vision of ensuring access to these global data and digital accelerator assets to all.”