London, UK, October 4, 2022 – Instech Solutions, a software house delivering solutions to the insurance industry, today announced it will integrate ACORD Solutions Group’s ADEPT platform to facilitate efficient data exchange for its clients in the energy and marine insurance sectors.
ADEPT (ACORD Data Exchange Platform and Translator) enables real-time data exchange, translation, and transformation, and connects trading partners throughout the global insurance industry. Instech Solutions, an ACORD member and Licensed Integrator Partner of ACORD Solutions Group, will leverage ADEPT to support its INS+ solution, a comprehensive marine and energy insurance system for underwriters and brokers. The integration of ADEPT will allow INS+ users to exchange ACORD Global Reinsurance and Large Commercial (GRLC) Accounting (EBOT) and Claims (ECOT) messages. As a single interface for all of Instech Solutions’ messaging requirements, ADEPT also enables Instech Solutions to connect to existing and next-generation London Market services.
Kenneth Svendsen, CTO at Instech Solutions, said, “Instech believes that the next big step for the marine insurance sector is to improve how the parties exchange data. This will reduce the administrative burden, improve data quality and speed, and ultimately give a better customer experience. By integrating the ADEPT platform with our software portfolio we can give our customers the possibility to take that step into the future”.
“Instech Solutions has provided digital solutions to stakeholders throughout the energy and marine insurance industries for nearly thirty years,” said Chris Newman, ACORD’s Managing Director – Global. “The integration of ACORD Solutions Group’s ADEPT platform will support Instech Solutions as they to continue to deliver capabilities that streamline operations for participants across the global insurance ecosystem.”
For nearly 30 years, Instech has been at the forefront of marine insurance technology development. From our offices in Bergen, Norway, Instech’s mission is to improve the working lives of marine insurance professionals around the world. Instech’s innovative solutions are specifically designed to meet the challenges of the marine, offshore energy and offshore renewables insurance markets - our focus is exclusively on these segments. To develop them, we challenge convention while also understanding that it is vital to listen to people’s needs. By doing so, Instech delivers digital tools that substantially improve the working lives of marine insurance professionals. Learn more at www.instech.no.