LONDON, UK, September 8, 2023 – ACORD Solutions Group announced today that Greenlight Reinsurance, Ltd. (“Greenlight Re”), a specialist property and casualty reinsurer, has selected ADEPT to connect to digitally enabled and non-digitally enabled brokers and carriers, and exchange accounting and claims information based on ACORD Global Reinsurance and Large Commercial Standards.
ADEPT (ACORD Data Exchange Platform and Translator) drives real-time data exchange, translation, and transformation, connecting stakeholders across the insurance industry. Greenlight Re will integrate ADEPT into its systems via Jean Edwards Consulting, a Licensed Integrator Partner of ACORD Solutions Group, the provider of solutions for standardized data exchange through the global (re)insurance industry.
Implementation of ADEPT will enable Greenlight Re to automatically download accounting and claims data, bypassing the additional step of logging in to digitally enabled partners’ portals and systems, as well as eliminating the need to rekey data from non-digitally enabled partners.
“Greenlight Re is delighted to announce its strategic collaborations with both ACORD Solutions Group and Jean Edwards Consulting,” said Faramarz Romer, CFO, Greenlight Re. “Greenlight Re is focused on staying at the forefront of technological advancements and innovation, streamlining operations through automation, and enhancing our services and efficiencies to our clients and business partners. We believe that seamless data exchange via market-wide standardized platform and digitalization of data is the future of information reporting in the insurance industry and we are excited to partner with an industry-leading platform.”
“We are pleased to announce our collaboration with Greenlight Re and express our commitment to their adoption of a ‘digital-first’ strategy through the seamless integration of our state-of-the-art AI solution ‘ALPHA,’” said Edward Nnadi, CEO Jean Edwards Consulting. “This integration empowers Greenlight Re to leverage the benefits of standardized data exchange offered by the highly acclaimed ADEPT solution.”
“We’re delighted to work with Greenlight Re and further their commitment to ‘digital-first’ through integration with our industry-leading solutions,” said Chris Newman, Executive Vice President and Global Managing Director, ACORD. “ADEPT allows Greenlight Re to realize the benefits of standardized data exchange, including streamlined processes and connection to more stakeholders throughout the industry.”
