London, UK, May 5th, 2022 – Global software and service provider Eurobase today announced that it will leverage the digital assets and services of ACORD Solutions Group, the industry-owned technology subsidiary of ACORD, the standards-setting body for the global insurance industry. As part of this expanded partnership, Eurobase will utilise ACORD Solutions Group’s ADEPT platform to serve its reinsurance clients.
ADEPT (ACORD Data Exchange Platform and Translator) is a next-generation market capability that provides real-time data exchange, translation, and transformation for stakeholders throughout the global insurance ecosystem. A longtime Licensed Integrator Partner of ACORD Solutions Group, Eurobase will expand its use of ADEPT and ACORD Digital Solutions to offer its Synergy2 clients the ability to exchange ACORD Global Reinsurance and Large Commercial (GRLC) EBOT and ECOT messages with their inward and outward reinsurance trading partners.
In addition to eMessaging abilities, ADEPT will enable Eurobase to provide its clients with ACORD GRLC placing data exchange capabilities and integrate to major placing platforms. Eurobase will also be able to connect to new accounting and claims services delivered as part of the Joint Solution Plan for the London Market.
Joe Locke, CEO Eurobase adds, “We are pleased to be extending our relationship with ACORD Solutions Group to support Synergy2’s digital messaging capabilities and this fundamental global market initiative. The use of ADEPT will allow our Synergy2 customers to seamlessly connect with its partners to deliver operational efficiency and improved cashflow.”
“We are delighted to work with Eurobase, one of the earliest members of the Licensed Integrator Partner program, and support the reinsurance industry through our next-generation digital assets, such as ADEPT,” shared Chris Newman, ACORD’s Managing Director – Global. “Eurobase’s extensive reach throughout the reinsurance community and long experience with ACORD Standards-based data exchange positions them to successfully connect reinsurers around the world via ADEPT. We look forward to furthering our partnership with Eurobase, and delivering the solutions and services that keep moving the industry forward.”