ACORD Solutions Group’s ADEPT (ACORD Data Exchange Platform and Translator) automates the transformation of insurance data on claims invoices into messages based on ACORD Global Reinsurance and Large Commercial (GRLC) Standards. Through integration with ADEPT, global reinsurer SCOR realized significant time and cost savings benefits, including:
- Improved turnaround time for claims payment by 50%
- Enhanced the quality of data by 80%
- Reduced the manual effort to process claims transactions by 60%
SCOR’s leveraging of ADEPT has proved particularly beneficial for Ruschlikon participants, as it streamlines interactions for ACORD GRLC-enabled partners who transact with stakeholders outside the Ruschlikon community. Read more about SCOR's integration with ADEPT in the case study here.