Echo Re has begun using ACORD Solutions Group’s ADEPT platform to receive digital accounting and claims messages from Gallagher Re, streamlining communication by eliminating manual downloads and enabling integration of all digital messages into its downstream systems.
This implementation of next-generation digital technologies has reportedly resulted in a 50% reduction in the time required by Echo Re teams to handle Gallagher Re portfolios.
“ADEPT (ACORD Data Exchange Platform and Translator) enables real-time digital exchange of placing, accounting, and claims data across the global re/insurance ecosystem, integrating directly with insurers’ and brokers’ existing systems regardless of geography, data formats, or level of digital maturity,” ACORD Solutions Group explained.
Chris Newman, CEO of ACORD Solutions Group, added, “By integrating ADEPT into their operations, Echo Re and Gallagher Re are not only accelerating their core processes, but also redefining collaboration across the reinsurance industry. ADEPT is vital in facilitating secure, efficient communication and data exchange between these global organisations.”
Nicole Kos, Head of Technical Accounting & Claims at Echo Re, commented, “The Gallagher Re implementation is Echo Re’s largest one-off e-messaging rollout to date, enabling seamless digital exchange with all B2B-enabled carriers of Gallagher Re and boosting our messaging volume by over 35%.
“Despite the scale, the rollout was smooth and issue-free thanks to our prior ADEPT experience, close collaboration on data pre-cleanup, and thorough process alignment. Strong engagement from technical accountants on both sides ensured operational excellence from day one.”
Gallagher Re Operations Director Terry Calthorpe, said, “Echo Re was an integral part of our inaugural cycle of B2B carrier implementations under the Gallagher Re brand.
“This achievement represents a significant milestone and underscores our unwavering commitment to advancing the adoption of ACORD Data Standards and Ruschlikon best practices. The collaboration between our teams was exemplary, and the journey from initiation to production was truly a rewarding experience.”
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