by Chris Newman, Managing Director – Global, ACORD
The global re/insurance market continues to undergo profound change. For decades, manual processes dominated the industry, with many transactions, even well into the information age, relegated to emails with attached documents that must be parsed, re-keyed, and re-formatted for use on the receiving end.
Although this methodology was something to “make do” with in the past, in the modern era, it has plagued the specialty and reinsurance market with cumbersome technical debt in manual administration and processing.
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