Nacional Re to make the most of ACORD platform for knowledge alternate automation

Spanish reinsurer Nacional Re has introduced that it’ll undertake the ACORD Options Group’s ADEPT (ACORD Knowledge Trade Platform and Translator) for International Reinsurance and Massive Business (GRLC) to modernize and automate the processing of accounting and claims knowledge inside insurance coverage paperwork.

ADEPT, together with the built-in ACORD Transcriber service, facilitates the extraction of information and allows real-time knowledge alternate all through the worldwide insurance coverage sector. This know-how permits Nacional Re to transform knowledge from accounting and claims paperwork into standardized ACORD GRLC messages, which might then be simply built-in into the corporate’s reinsurance methods.

This integration, it was acknowledged in a Press launch, permits Nacional Re to obtain standardized GRLC accounting and claims messages from digital dealer companions globally, enhancing connectivity and collaboration amongst trade stakeholders.

The adoption of ADEPT and the ACORD Transcriber is predicted to cut back the reliance on guide knowledge entry at Nacional Re, streamlining operations and enhancing the accuracy and velocity of information exchanges with brokers and cedents worldwide.

“This partnership marks a major leap ahead in reinsurance operations, as we now seamlessly combine standardized doc processing for technical accounts,” Nacional Re director of transformation and know-how David Santander Díaz mentioned.

“By way of ADEPT and ACORD Transcriber, Nacional Re can understand the advantages of standardized digital knowledge alternate, streamlining their processes and enabling larger connection to buying and selling companions throughout the trade,” ACORD EVP and international managing director Chris Newman mentioned.

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