Acord expands global data standards to include e-placement
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Acord expands global data standards to include e-placement

Rachel Dalton
29 September 2021
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Standards-setting body Acord has expanded its Global Reinsurance and Large Commercial (GRLC) standards to include guidelines for e-placement, in a move that will help to underpin the London market’s modernisation.

The standards will allow (re)insurers to adopt advanced e-placement processes from submission to bind, the body said.

The e-placement standards were developed in collaboration with the Ruschlikon reinsurance community – a union whereby carriers collaborate to develop operational efficiencies.

The

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News London market Operations/tech
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Rachel Dalton
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