London, UK, September 16th, 2021 – Global IT services and software firm AdvantageGo today announced that it has joined the Licensed Integrator Partner program of ACORD Solutions Group, the industry-owned subsidiary of ACORD, the global standards-setting body of the insurance industry.
AdvantageGo provides commercial (re)insurance management solutions and has supported the London Market for more than 25 years with core underwriting, exposure management, data analytics, and policy and claims administration systems. Through the Licensed Integrator Partner program, AdvantageGo will leverage the ADEPT and ACORD Transcriber platforms to serve their clients in the US and the global London Market. It will principally focus on two core areas of collaboration:
Global Data Exchange of Specialty and Reinsurance Business: AdvantageGo will employ ADEPT (ACORD Data Exchange Platform and Translator) to offer its clients a standardised and simplified API connectivity to the global market for the exchange of Placing, Accounting, and Claims data, regardless of existing platform interface or maturity of messaging capability available by each trading partner. ADEPT will also enable AdvantageGo’s clients to receive or share placing data via all of the major placing platforms, providing an unrestricted and global, yet standardised, approach to their data exchange.
Forms Data Extraction: Since 1971, ACORD has provided the standard forms used by the insurance industry. Utilising ACORD Transcriber, AdvantageGo’s insurance clients will have the ability to automatically extract data from any ACORD Form, allowing for increased efficiency, expense reduction, data extraction accuracy, and speed of information processing.
“AdvantageGo has been a future-thinking pillar of the London Market for many years,” said Chris Newman, Managing Director – Global, ACORD. “We are delighted to welcome AdvantageGo into the Licensed Integrator Partner community, and to be able to assist them on their own journey of global data exchange and transformation by harnessing our industry-owned standards and solutions.”
“We are pleased to join the ACORD Solutions Group Licensed Integrator Partner program as we continue to support our customers drive towards a digital future and the adoption of messaging standards,” said Adrian Morgan, EVP and Head of AdvantageGo.
AdvantageGo provides revolutionary commercial (re)insurance management solutions that offer Insurers the IT agility they need to create an intelligent digital strategy in partnership with a leading IT provider. We harness the power of proven, functionally-rich core solutions and augment it with the energy and culture of being an InsurTech leader. Our core software offerings fuse with our cloud-based Microservices to create a powerful ecosystem that delivers added value through seamless interconnectivity and intelligent data. For more information about AdvantageGo, please visit www.advantagego.com