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ACORD Ruschlikon Bermuda Summit 

 

By Johnell Johnson,ACORD

Members of the insurance industry gathered in Bermuda on November 15 for the first ACORD Ruschlikon Bermuda Summit. An eager audience was on hand to learn more about how brokers, insurers and reinsurers can improve back office operations so they are faster, more efficient, and cost effective.

The summit opened with a welcome and presentation by the chair of Ruschlikon Bermuda, Trina lane-Pearce, Catlin Bermuda, Head of Operations. ACORD CEO, Gregory Maciag, introduced the audience to ACORD and asked how ACORD could best serve them. Magaly Leon, ACORD Director of GRLC Implementation commented that "We are always working to meet the needs of the industry, and that was a great way to get feedback."

Carriers presented case studies to share how they have implemented the Ruschlikon process and ACORD Standards. Brokers participated in a panel focused on why eBusiness and why the Ruschlikon process works for them.

"The event was a great success, a full day packed with valuable information to help carriers in the Bermuda market understand the benefits of Ruschlikon and learn how they too, can implement eAccounting and Settlement within their own organizations", said lane-Pearce.