Tysers, a UK-based global broker, has selected ACORD Solutions Group, a provider of solutions for standardised data exchange throughout the global re/insurance industry, as its strategic messaging partner.
Through this partnership, Tysers will integrate ACORD’s ADEPT and ACORD Transcriber to streamline digital data extraction and exchange through its Tconnect platform – which manages the end-to-end lifecycle of a policy.
ADEPT facilitates real-time data exchange, translation, and transformation, connecting stakeholders across the insurance industry. ACORD Transcriber enables fast, accurate data extraction and digitisation from all types of insurance documents, including MRCs.
Tconnect will integrate with ADEPT to exchange accounting, claim, and settlement data with London Market bureau and non-bureau trading partners. At the same time, it will leverage ADEPT’s integrated ACORD Transcriber service in order to extract contract data from Market Reform Contracts (MRCs).
“Tysers is excited to form this partnership with ACORD Solutions Group,” said Steve Jolley, Chief Information Officer, Tysers. “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.”
Chris Newman, Executive Vice President and Global Managing Director, ACORD, added: “With more than two centuries of expertise, Tysers has a rich history of supporting the global insurance industry with its innovative services and solutions.
“ACORD Solutions Group’s leading-edge capabilities will help Tysers continue to connect with stakeholders and advance digitalisation across the insurance ecosystem.”
