Eurobase, a global software and service provider, has announced a new partnership with ACORD, designed to aid data standardisation.
Specifically, Eurobase has become a Licensed Integrator Partner of ACORD Solutions Group, enabling the firm to maximise the value of leveraging ACORD assets and services for its customers.
Eurobase states that by ensuring the delivery of messaging data in a secure and standardised format, it enables consistent Straight Through Processing for its customers, while at the same time interfacing with key London Market initiatives such as PPL and Whitespace.
Joe Locke, Chief Executive Officer (CEO) Insurance & Banking Solutions at Eurobase, commented: “Digital messaging and data standardisation are key to delivering greater operational efficiency. ACORD is recognised as providing the preferred electronic data standards across the (Re)Insurance industry and we are pleased to be extending our long-standing relationship with them through this partnership.”
Chris Newman, ACORD’s Managing Director, Global, added: “Eurobase has a truly global footprint, providing a valuable perspective on industry trends. They see a growing demand for data standardisation in emerging markets and geographies, and an awareness that standards are paramount to ensuring the integrity of customers’ data. That’s where we can provide value.”
“ACORD and its members have been reducing barriers to data exchange for 50 years. ACORD iConductor was created as a ‘universal adaptor’ to manage, convert, and transport data in various formats. It was built on behalf of the industry, allowing them to capitalise on improved data quality, cost savings, and other benefits of standardisation.”
