“Data is at the heart of everything we have and are doing. By adopting these platforms into our systems architecture, we can validate and streamline the data ingestion and data exchange with our clients and markets,” said Steve Jolley, chief information officer, Tysers.
With the firms’ collaboration, Tconnect, Tysers’ platform for managing the end-to-end lifecycle of a policy, will integrate ADEPT, ACORD’s real-time, cloud-based digital data exchange platform. This will allow for the exchange of data pertaining to accounting, claims, and settlements with London Market bureau and non-bureau trading partners.
The platform will also utilise ACORD Transcriber, a service integrated in ADEPT which allows for fast and accurate data extraction and digitisation from insurance documents, in extracting contract data from Market Reform Contracts (MRCs).
“With more than two centuries of expertise, Tysers has a rich history of supporting the global insurance industry with its innovative services and solutions,” said Chris Newman, executive vice president and global managing director, ACORD.
“ACORD Solutions Group’s leading-edge capabilities will help Tysers continue to connect with stakeholders and advance digitalisation across the insurance ecosystem,” he added.
ACORD is a provider of solutions for standardised data exchange all over the global (re)insurance industry.
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