Web Connectivity Limited (WCL), a subsidiary of Zywave, has agreed a deal to supply ACORD4ALL mappings to Velonetic in support of Blueprint Two adoption in the London Market.
This collaboration supports a critical component of the programme, which is aiming to modernise and digitise the London insurance market by aligning messaging standards with ACORD standards.
Scheduled to launch in July 2024, Blueprint Two aims to modernise and digitise the London insurance market by aligning proprietary messaging standards with ACORD standards.
ACORD4ALL, developed in partnership with Xchanging in 2008, facilitates the reception of premiums and claims data in ACORD format, enhancing interoperability and efficiency for London market firms.
WCL’s Managing Director James Willison said, “As the largest processor of ACORD GRLC messages globally, WCL is delighted to continue our work in supporting the adoption of ACORD messages in the London market, especially given the importance of the Blueprint Two initiative to the future of the market.”
WCL, a global leader in processing ACORD GRLC messages, was acquired by Zywave in 2020. The firm specialises in facilitating the adoption of ACORD messaging standards in the insurance market.
Zywave, an industry-leading InsurTech provider, offers cloud-based solutions for sales management, client delivery, content, and analytics.
On the other hand, Velonetic is a prominent insurance technology solutions provider, offering innovative solutions to enhance efficiency and digitisation in the insurance sector.
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