Rüschlikon is a small town outside Zürich, Switzerland. Here, a group of pioneering (re)insurers and brokers agreed to a common vision for reducing back office frictional costs and streamlining processes for the (re)insurance sector by implementing global ACORD Data Standards together with an agreed set of business processes and rules. This initiative was named Ruschlikon in honour of its beginning.
ACORD facilitates Ruschlikon meetings and provides the standards that Ruschlikon uses, the ACORD Global Reinsurance & Large Commercial Data Standards. Ruschlikon has two Steering Committees for Placing and Accounting & Claims respectively. These groups provide the guidance and strategy for the Ruschlikon community, interacting with ACORD governance for optimum results.
Mission Statement
Reshaping the (re)insurance industry, through the design and implementation of processes that reduce operational cost and enhance client service.
Key Objectives
- Ensure operational excellence by agreeing rules and protocols to deliver business benefits
- Enhance service, improving speed, quality and integrity of critical information
- Replace paper documents (i.e. submissions, placements, closings and statements) with ACORD standard structured data messages
- Reduce costs through data integration and process automation
- Support seamless straight-through processing by
- Advancing electronic placement from submission to bind
- Improving the financial agreement and settlement of premiums and claims