Global InsurTech group to leverage ADEPT platform for insurance data exchange
LONDON, UK and DOHA, QATAR, May 6, 2021 - Global InsurTech group Anoud Technologies LLC (Anoud Tech) today announced its expanded partnership with ACORD, the standards-setting body for the global insurance industry, as a strategic global messaging partner. As a Licensed Integrator Partner of ACORD Solutions Group (ASG), the industry-owned extension of ACORD, Anoud Tech joins the growing community of solution providers dedicated to driving the adoption of next-generation digital standards and solutions for global insurance data exchange.
Anoud Tech designs, develops, and delivers software for insurance professionals, and helps developed and emerging market insurance companies cover the full lifecycle of the insurance transaction. Anoud Tech’s fully integrated solution positioning, commitment to ensuring their platform is compatible with global market standards, and mission to facilitate global messaging transmission for its clients led it to become an ACORD member and leverage ASG’s ADEPT (ACORD Data Exchange Platform & Translator).
ACORD Data Standards are widely used throughout the insurance industry, with ACORD members accounting for half the world’s written premiums. ADEPT operationalises these Standards to link trading partners and provide data structures, validation, and transformation for a wide variety of functions, including the exchange of placing, accounting, and claims data.
Mr. Salem Al-Mannai, Chairman and Managing Director of Anoud Tech, said, “Anoud Tech is at the forefront of the digital insurance industry for the MENA region. We are proud to be partnered with ACORD to drive global adoption of the ACORD Standards in the MENA region, and harnessing the ACORD industry-owned technology asset ADEPT as a component of our architecture.”
By utilising ADEPT’s API interface, Anoud Tech will be able to offer its clients inbound and outbound message orchestration for placing, accounting, and claims message formats from both eMessage and non-eMessage enabled partners. Anoud Tech will also have access to the growing ecosystem of placing platform integrations, as well as existing and new initiatives and services introduced by the Future at Lloyd’s program.
“We are delighted that our embedded global insurance messaging assets will enrich Anoud Tech’s solutions offerings,” said Chris Newman, ACORD’s Managing Director – Global. “Anoud Tech is strategically focused on the same emerging markets that ACORD and our Ruschlikon member community believe have a great deal to gain from data standardisation. This partnership enables us, as a collective voice, to promote operational efficiency savings in markets not yet mature to data standardisation.”
About Anoud Tech
Anoud Technologies is a leading global InsurTech group based in Qatar. Anoud Tech helps insurers transition from legacy IT systems and thereby accelerate their digital transformation. Anoud Tech has developed an end-to-end ecosystem called Anoud+, which provides insurers an efficient, comprehensive way to manage all aspects of their insurance programs. Anoud+ requires little or no additional IT investment thanks to the use of advanced, internet-based technology, and the platform also offers access to cutting-edge reinsurance tools and risk modelling capabilities. Learn more at www.anoudtechnologies.com.