LONDON, UK, December 7, 2023 – Synpulse, a global professional services provider to major banking and insurance institutions, today announced that it has selected ACORD Solutions Group’s ADEPT to facilitate the exchange of digital placement data within its Reinsurance Underwriting Workbench. Synpulse will also leverage ACORD Transcriber for submission and contract data extraction.
ADEPT facilitates fast, accurate data exchange amongst stakeholders within the (re)insurance ecosystem. By integrating ADEPT’s Placing API, Synpulse enables (re)insurers to seamlessly exchange digital placement data with brokers and cedents throughout the global insurance ecosystem, eliminating the need for (re)insurers to manually map different data feeds.
The Reinsurance Underwriting Workbench will also leverage ACORD Transcriber, ACORD Solutions Group’s capability for intelligent document processing, to drive automated and efficient data extraction. With this key integration, (re)insurers can confidently exchange submission and contract data with brokers and cedents without manually rekeying information.
The Reinsurance Underwriting Workbench embraces automation and enables reinsurance underwriters to focus on their key market activities and no longer on manual data updates in systems. “Using ADEPT’s Placing API allows us to offer integration to leading placing platforms and enables our client to achieve efficiency gains in their renewal processes” said Konrad Niggli, Managing Partner and Synpulse Group CEO. “We clearly see ACORD as a global leader and early adopter to integration in the (re)insurance sector.”
Synpulse has also become a member of the ACORD Solutions Group Licensed Integrator Partner (LIP) program, joining a global community of solution providers working to enhance collaboration across the digital insurance ecosystem.
“Synpulse is a valued partner, and we’re looking forward to integrating our industry-leading digital solutions to its (re)insurance underwriting workbench” said Chris Newman, Executive Vice President and Global Managing Director, ACORD. “ADEPT and ACORD Transcriber’s digital data exchange and extraction capabilities allow Synpulse to seamlessly operate its underwriting solution, further establishing its connection to stakeholders within the (re)insurance community."