LONDON, UK, November 22, 2021 – ROE (Reinsurance Operational Excellence) Solutions, a New York-based reinsurance operations consulting services provider, today announced that it will be utilizing the next-generation digital solutions of ACORD Solutions Group, the industry-owned subsidiary of ACORD, the global standards-setting body for the insurance industry. An ACORD member and Licensed Integrator Partner of ACORD Solutions Group, ROE Solutions will further its partnership with ACORD by leveraging ADEPT to serve its clients throughout the reinsurance space.
ADEPT (ACORD Data Exchange Platform and Translator) connects stakeholders across the insurance ecosystem and provides data structure, validation, and reconciliation. ROE Solutions will integrate ADEPT’s API interface with its existing tools to conduct ACORD Global Reinsurance and Large Commercial (GRLC) accounting and claims data exchange between its clients and their trading partners, regardless of their stage of digital maturity. ACORD GRLC Standards are utilized widely throughout the global insurance industry, including by the Ruschlikon community, an organization comprised of the world’s leading reinsurers and brokers.
Andrew Mackmin, Managing Partner of ROE Solutions, said, “ROE has always focused on turning operations into a competitive advantage. Through our partnership with ACORD, we continue to provide our clients with innovative platforms such as ADEPT to seamlessly transact with their trading partners. By leveraging ADEPT and using it alongside our existing Xceptor mapping solutions, we are confident in delivering the ability for the market to fully realize previous investments and get back to what it does best: providing risk transfer solutions for its customers. Our partnership with ACORD is paramount for straight-through processing initiatives and we are excited about the opportunity to contribute to the industry.”
ADEPT also enables ROE Solutions to provide its clients with ACORD GRLC placing data exchange capabilities, with the ability to integrate to major placing platforms and new services delivered as part of the Joint Solution Plan for the London Market.
“We are pleased to welcome ROE Solutions to the growing community of organizations leveraging ACORD Solutions Group’s next-generation digital solutions,” said Chris Newman, ACORD’s Managing Director – Global. “ROE Solutions has a rich portfolio of clients from across the global reinsurance ecosystem, and has supported ACORD Solutions Group’s Licensed Integrator Partner program since its inception. We look forward to working with them to help streamline their clients’ business processes and drive the modernization of the insurance industry through solutions like ADEPT.”
About ROE Solutions
Reinsurance Operational Excellence (ROE) consultants serve as a bridge in reinsurance project environments where clients are seeking to grow their business, increase efficiency and/or comply with regulatory mandates. Our experts are typically industry veterans that have grown up in the back and middle offices throughout the (re)insurance value chain. We pride ourselves not only on delivery but also creating the right cultural fit for your organization. By aligning people, processes and systems, ROE Solutions assures lasting change for your investment.