Expleo-ACORD partnership set to boost London insurance market
Expleo, an engineering, quality assurance, and digital consulting company, partners with ACORD, a nonprofit organisation serving the insurance industry, in order to boost the London market’s modernisation efforts.
Together, they provide testing assurance services for organisations preparing for the Lloyd’s Blueprint Two initiative. This partnership promises to enhance the London market’s modernisation efforts by leveraging Expleo’s expertise in testing assurance alongside ACORD Solutions Group’s capabilities.
As part of ACORD’s Licensed Integrator Partner (LIP) programme, Expleo will provide strategic support to the global community of the organisation in anticipation of Blueprint Two. This programme aims to enhance the London market, making it more efficient and cost-effective.
Stephen Magennis, Global Head of BFSI, Expleo, commented: “Blueprint Two is an ambitious change programme that will revolutionise the sector by harnessing technology to the benefit of more than 400 market participants, helping them face new risks with confidence.
“By joining ACORD Solutions Group’s LIP programme, Expleo is now well positioned at the heart of the London market to support the insurance eco-system with independent testing and assurance on a range of programmes including Blueprint Two,” further added Magennis.
Expleo is poised to partner with the LIP community as they gear up for the transition to Blueprint Two, scheduled for October this year. Their collaboration will leverage Expleo’s expertise in testing assurance to support the community in adopting crucial elements for Blueprint Two compatibility, including the ACORD Global Reinsurance & Large Commercial Data Standards and workflow.
Furthermore, Expleo will aid international organisations in implementing a messaging gateway using ADEPT (ACORD Data Exchange Platform and Translator), a platform developed by ACORD Solutions Group for real-time data exchange, translation, and transformation.
“The Licensed Integrator Partner community strengthens the interoperability of the insurance ecosystem through standardised digital data exchange. We are glad to welcome Expleo to the programme as the industry embraces greater connectivity through its digitalisation efforts,” said Chris Newman, EVP and Global Managing Director, ACORD Solutions Group.
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