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Jun 27, 2023

ACORD Releases Post-Placement Implementation Guide for Global Reinsurance and Large Commercial Standards

ACORD released an implementation guide for ACORD Global Reinsurance and Large Commercial (GRLC) XML Standards for post-placement. The ACORD Post-Placement Implementation Guide provides cedents, brokers, (re)insurers, solution providers, and other stakeholders a “best practices” manual for using the post-placement message. The guide was created in close collaboration with the Ruschlikon Initiative.

Post-placement messages, an enhanced ePlacing message under the ACORD GRLC Standards, streamline administrative functions after the placing process and prepare users for accounting before the first accounting message is received. Learn more about the ACORD Post-Placement Implementation Guide and the ePlacing Standards here.