r10 Consulting and ACORD, the global standards-setting body for the insurance industry, are pleased to announce their strategic partnership.
The two organisations come together in response to the unique set of challenges the London Market is facing, as it adapts to digital modernisation. With r10’s business transformational expertise, the partnership aims to enable collaboration across ACORD’s industry-owned standards, software offerings and other services to aid in the creation of faster and more accurate data exchanges.
As a Licensed Integrator Partner of ACORD Solutions Group (ASG), r10 will leverage the industry owned assets to create new service offerings which will drive efficiency for their clients through automation, straight-through processing, and standardised data exchange.
Amechi Pierce-Howe, Managing Partner of r10, said:
“We are delighted to enter a strategic partnership with ACORD. This will enable r10 to expand its capability to provide ACORD-certified expertise across the London and International Specialty Markets. By working closely with ACORD we aim to transform our clients’ business and technology operations; driving global adoption of ACORD standards and helping organisations to gain efficiency and cost reduction. We look forward to working with both the ACORD and ASG teams to build scalable solutions that benefit the global insurance market”
Chris Newman, Managing Director, Global of ACORD:
“We are pleased and excited to welcome r10 to the Licensed Integrator Partner program. Their experience in change and delivery including strategic stakeholder management along with their commitment to improving the industry will be valuable assets in realising the benefits of standardised data exchange throughout the global insurance industry”.
ACORD (Association for Cooperative Operations Research and Development) is the global standards-setting body for the insurance industry. ACORD facilitates fast, accurate data exchange and efficient workflows through the development of electronic standards, standardised forms, and tools to support their use. ACORD engages over 36,000 participating organisations worldwide, including insurance and reinsurance companies, agents and brokers, software providers, financial services organisations and industry associations. ACORD maintains offices in New York and London. Learn more at www.acord.org.