(Image source: Echo Re homepage.)
ACORD Solutions Group (New York) has announced that Echo Reinsurance Limited (Zurich) is using the ADEPT platform to receive digital accounting and claims messages from Gallagher Re (London).
Nicole Kos, Head, Technical Accounting & Claims, Echo Re.
ADEPT (ACORD Data Exchange Platform & 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.
Echo Re is leveraging ADEPT to streamline its communications with Gallagher Re, eliminating the need for manual downloads and allowing all digital messaging to integrate seamlessly into downstream systems. This implementation has resulted in a 50 percent reduction in the time required by Echo Re teams to handle Gallagher Re portfolios.
Terry Calthorpe, Operations Director, Gallagher Re.
“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 percent,” comments Nicole Kos, Head, Technical Accounting & Claims, Echo Re. “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.”
Commitment to Advancing ACORD Data Standards
Chris Newman, CEO, ACORD Solutions Group.
“Echo Re was an integral part of our inaugural cycle of B2B carrier implementations under the Gallagher Re brand,” says Terry Calthorpe, Operations Director, Gallagher Re. “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.”
“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,” adds Chris Newman, CEO of ACORD Solutions Group. “ADEPT is vital in facilitating secure, efficient communication and data exchange between these global organizations.”