Integration will allow the reinsurer to obtain standardized messages
Spanish reinsurer Nacional Re has introduced that it’s going to undertake the ACORD Options Group’s ADEPT (ACORD Information Change Platform and Translator) for International Reinsurance and Giant Industrial (GRLC) to modernize and automate the processing of accounting and claims information inside insurance coverage paperwork.
ADEPT, together with the built-in ACORD Transcriber service, facilitates the extraction of information and permits real-time information trade all through the worldwide insurance coverage sector. This know-how permits Nacional Re to transform information from accounting and claims paperwork into standardized ACORD GRLC messages, which may then be simply built-in into the corporate’s reinsurance methods.
This integration, it was said in a Press launch, permits Nacional Re to obtain standardized GRLC accounting and claims messages from digital dealer companions globally, enhancing connectivity and collaboration amongst business stakeholders.
The adoption of ADEPT and the ACORD Transcriber is anticipated to cut back the reliance on handbook information entry at Nacional Re, streamlining operations and enhancing the accuracy and velocity of information exchanges with brokers and cedents worldwide.
“This partnership marks a major leap ahead in reinsurance operations, as we now seamlessly combine standardized doc processing for technical accounts,” Nacional Re director of transformation and know-how David Santander Díaz mentioned.
“By ADEPT and ACORD Transcriber, Nacional Re can understand the advantages of standardized digital information trade, streamlining their processes and enabling larger connection to buying and selling companions throughout the business,” ACORD EVP and world managing director Chris Newman mentioned.
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