LONDON, UK, November 30, 2023 – Tysers, a UK-based global broker, announced today that it has selected ACORD Solutions Group, the provider of solutions for standardised data exchange throughout the global (re)insurance industry, as its strategic messaging partner. As part of this collaboration, Tysers will implement ADEPT and ACORD Transcriber to streamline digital data extraction and exchange through its Tconnect platform.
ADEPT facilitates real-time data exchange, translation, and transformation, connecting stakeholders across the insurance industry. Tconnect, Tysers’ platform for managing the end-to-end lifecycle of a policy, will integrate with ADEPT to exchange accounting, claim, and settlement data with London Market bureau and non-bureau trading partners.
“Tysers is excited to form this partnership with ACORD Solutions Group,” said Steve Jolley, Chief Information Officer, Tysers. “Data is at the heart of everything we have and are doing. By adopting these platforms into our systems architecture, we can validate and streamline the data ingestion and data exchange with our clients and markets.”
Tconnect will also leverage ADEPT’s integrated ACORD Transcriber service in order to extract contract data from Market Reform Contracts (MRCs). ACORD Transcriber enables fast, accurate data extraction and digitisation from all types of insurance documents, including MRCs.
“With more than two centuries of expertise, Tysers has a rich history of supporting the global insurance industry with its innovative services and solutions,” said Chris Newman, EVP and Global Managing Director, ACORD. “ACORD Solutions Group’s leading-edge capabilities will help Tysers continue to connect with stakeholders and advance digitalisation across the insurance ecosystem.”