Doha: Global InsurTech company Anoud Technologies (Anoud Tech), a subsidiary of QIC Group, has announced its successful deployment and integration of the ADEPT platform as part of its collaboration with ACORD Solutions Group, the industry-owned extension of ACORD, the standards- setting body for the global insurance industry.
ADEPT (ACORD Data Exchange Platform and Translator) provides real-time data exchange, translation, and transformation, and connects stakeholders across the insurance industry.
Anoud Tech, an ACORD Solution Provider member and Licensed Integrator Partner of ACORD Solutions Group, has integrated ADEPT into its Anoud+ Insurance platform to allow its insurer clients to send and receive ACORD Global Reinsurance and Large Commercial (GRLC) Accounting (EBOT) and Claims ( ECOT) messages with their digitally enabled inward and outward trading partners.
“We’re delighted to have successfully integrated ADEPT with Anoud+, our future-ready, integrated insurance IT platform,” said Salem Al Mannai, Anoud Tech’s Chairman and Managing Director. “We are excited about the increased efficiencies that ADEPT will bring about for our clients, in such areas as reinsurance, claims and accounting, which will help them streamline operations and optimize cost structures”. Al Mannai added.
ADEPT and its integrated Transcriber and Conductor services will also provide Anoud+’s clients with accounting and claims document extraction and orchestration capabilities, in order to exchange ACORD GRLC messages with non-digitally enabled brokers and cedents.
ADEPT’s API interface is able to support Anoud+ customers and their partners from quotation requests through bind issuance and response services. In addition, ADEPT provides Anoud Tech customers and their trading partners the ability to integrate with all major placing platforms in order to send and receive quotation data, as well as connect to existing and next-generation London Market services.
“We are delighted to continue supporting Anoud Tech and its clients with our cutting-edge digital solutions like ADEPT,” said Chris Newman, ACORD’s Managing Director – Global. “With the implementation and live usage of ADEPT, Anoud Tech is equipped to deliver efficient, effective data exchange capabilities to insurance stakeholders across the globe and contribute to the ongoing digitization of the industry,” he added.
Anoud Tech is helping insurance companies succeed in a rapidly evolving environment. Through its Anoud+ integrated IT solution, insurers have immediate access to a proven, market-leading end-to-end insurance platform, including modules for policy and claims management, underwriting, technical accounting, client relationship management, finance, workflow and document management, business intelligence/reporting, data analytics and reinsurance administration.
ACORD Solutions Group was created to solve critical industry challenges by delivering next-generation digital solutions and services. The Group’s enterprise-class solutions optimize the speed, cost, and accuracy of data exchange, connecting stakeholders regardless of geography, role, and legacy constraints. ACORD Solutions Group is an extension of ACORD.
.