ZURICH, SWITZERLAND, February 13, 2024 – Buondrius, a specialist reinsurance consultancy, today announced that it has joined the ACORD Solutions Group Licensed Integrator Partner (LIP) program and will utilize ADEPT (ACORD Data Exchange Platform and Translator) to connect its clients with brokers and cedents.
As part of the Licensed Integrator Partner program, Buondrius joins a global network of industry-leading vendors and solution providers driving market-wide modernization and collaboration efforts across the insurance ecosystem.
Buondrius is an independent consultancy that provides wide-scale strategic assistance to reinsurers throughout the market. Through its use of ACORD Solutions Group’s ADEPT, Buondrius enables its clients to exchange standardized ACORD Global Reinsurance and Large Commercial (GRLC) accounting, claims, and placing messages with brokers and cedents.
“I’m really delighted to be partnering with ACORD Solutions Group,” said Sven Scandella, Managing Director of Buondrius. “Evolving regulatory frameworks across jurisdictions demand constant vigilance to ensure compliance, so collaborative initiatives aiming to establish common standards that streamline processes and enhance transparency will remain absolutely integral to fostering a resilient and globally coherent reinsurance sector.”
“As a key player within the reinsurance sector, Buondrius is driving digitalization throughout the global market,” said Chris Newman, Executive Vice President and Global Managing Director, ACORD. “It is with great pleasure we welcome Buondrius to the ACORD Solutions Group community, furthering our collective efforts to connect industry leaders and support efficient, standardized digital data exchange.”
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About Buondrius
Buondrius' strategy and approach centres around helping companies bring together the best of people, process, and technology to achieve high-performing and sustainable operations units that deliver exceptional client experience and outcomes. Successful digital integration requires a strategic, planned, and focused approach with end-to-end thinking, transparency, and respect for and between business leaders, IT, teams, and clients. Only with a holistic approach is it truly possible to get to the heart of an organization’s Reinsurance Operations and develop and implement a strategy for the attainment of operational optimization and the wider business goals.