Send Technology Solutions has partnered with ACORD to develop a streamlined underwriting process for Lloyd’s and London Market customers.
In alignment with Blueprint Two, Lloyd’s programme to deliver a digitised marketplace for its members, Send is utilising ADEPT (ACORD Data Exchange Platform and Translator) via API to enable standardised communication from placing platforms and other parties in the insurance ecosystem.
ADEPT allows Send’s customers to send and receive ACORD Standard accounting, claims and placing transactions.
Send CEO Andy Moss commented: “We are looking forward to collaborating with ACORD and its partners. Partnerships like this play a key role in embedding an ecosystem that facilitates efficient digital exchange, bringing the market closer to Lloyd’s vision of the future of underwriting as laid out in Blueprint Two.
“Our goal is to create a frictionless underwriting process for agile insurers. Leveraging solutions from ASG means our customers can work smarter and faster with improved compliance.”
Chris Newman, executive vice-president and global managing director of ACORD, added: “Underwriting platforms like Send represent an evolution in the insurance process that has remained unchanged for decades. By integrating these standardised data exchange capabilities into the Send platform, we can together reduce complexity for insurers and enable them to reallocate time previously spent on tedious admin processes and instead focus on growing their portfolios.”
Printed Copy:
Would you also like to receive CIR Magazine in print?
Data Use:
We will also send you our free daily email newsletters and other relevant communications, which you can opt out of at any time. Thank you.
YOU MIGHT ALSO LIKE