Fintech PR
ACORD Solutions Group Launches ADEPT Placing as Single Gateway for Brokers and Insurers to Exchange Standardized Placing Data
NEW YORK and LONDON, Nov. 20, 2024 /PRNewswire/ — ACORD Solutions Group, a leading provider of next-generation digital solutions for the global insurance industry, today announced a first-of-its-kind placing data exchange capability in its ADEPT data exchange platform. This one-to-many placing interface will act as a universal hub for exchanging placing data for insurers and brokers worldwide, connecting to all major placing platforms as well as a variety of downstream systems.
Insurers and brokers can immediately leverage ADEPT Placing with its easily accessible and ready-to-use direct interface that connects with major platforms including PPL, Whitespace, PlacingHub, and market firm-owned platforms such as Aon’s ABConnect and Guy Carpenter’s GC Marketplace.
ADEPT (ACORD Data Exchange Platform and Translator) is already in use by over 100 ACORD Solutions Group clients and partners to seamlessly exchange accounting and claims data, aligned with the ACORD GRLC (Global Reinsurance & Large Commercial) Data Standards. ADEPT Placing was built to increase interoperability, provide a single streamlined connection for placing data, and help insurers and brokers avoid the expensive and inefficient processes of building connections to multiple platforms with differing sets of non-standardized APIs. With ADEPT Placing, insurers will have a single “letterbox” for all of their broker partners’ placing transactions, regardless of the brokers’ chosen placing platform.
“We are now seeing ACORD GRLC facilitating a fully digital end-to-end journey, using structured data and real-time digital connectivity,” said Simon Squires, Co-Chair of the Ruschlikon eAccounting & Claims Steering Committee. “With brokers using collaborative market placing platforms to connect with the underwriting community, it is now possible to connect the systems and create a full straight-through processing model…and a real-time digital trading environment.”
ADEPT Placing gives insurers a one-to-many system to receive placing event data from quotation through to signed line advice information, reducing the need for multiple integrations and time-intensive mapping. It is fully aligned with the ACORD GRLC Contract, Risk & Pre-Accounting Standard, giving insurers one consistent data format to use with all broker placing portals. ADEPT Placing also benefits brokers by providing a single ACORD GRLC-compliant interface to exchange standardized data with various placing platforms, for quicker and easier reconciliation.
“This will eliminate several historical industry problems around processing being based on latest versions of documents and a complete processing population,” Squires continued. “The standards-based digital journey will, for the first time ever, completely link underwriting with accounting and claims and eliminate re-work and queries.”
ADEPT also supports the direct exchange of placing data between broker and insurer, as well as the ingestion of placing data into downstream systems, for organizations at all levels of digital maturity. If placing data is received via email rather than digital data transfer, ADEPT will utilize ACORD Transcriber‘s comprehensive document processing AI models to classify data residing within the submission email, including attached documents, and output it as a consistent standardized digital data payload.
“Insurers have told us that they often receive over 1,000 submissions as email with attachments in a single day. Without a digital solution to process all that information, they can get bogged down in manual processes around data rekeying, causing considerable inefficiencies and backlogs,” said Chris Newman, President International, ACORD Solutions Group. “Our mission is to unlock the benefits of next-generation digital data exchange even for stakeholders working within those frustrating legacy constraints.”
“With the global ecosystem digitalizing at an accelerating rate, it’s time to tackle placing as the next digital frontier,” added Newman. “With ADEPT Placing providing a single placing gateway, insurers can eliminate disjointed placing platform management and brokers can minimize the time-consuming process of copying placing data in multiple platforms. And by enabling seamless data flow between placing, downstream accounting, and claim processes, market firms can automatically achieve ACORD GRLC standardization from front to back office.”
More information about ADEPT and the future of placing will be available at the upcoming ACORD Solutions Group Horizons event, “A Placing Revolution” on Tuesday, November 26, featuring speakers from ACORD Solutions Group, AXA XL, and Marsh. Register to attend virtually or in-person to learn more about ADEPT’s capabilities and see it in action with live demos focused on both insurers and brokers.
About ACORD Solutions Group
ACORD Solutions Group was created to solve critical industry challenges by delivering next-generation digital solutions and services. Our enterprise-class solutions optimize the speed, cost, and accuracy of data exchange, connecting stakeholders regardless of geography, role, and legacy constraints. ACORD Solutions Group is an extension of ACORD, the standards-setting body for the global insurance industry. Learn more at www.acordsolutions.com.
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CONTACT: |
Beth Jarecki |
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View original content:https://www.prnewswire.co.uk/news-releases/acord-solutions-group-launches-adept-placing-as-single-gateway-for-brokers-and-insurers-to-exchange-standardized-placing-data-302310914.html
LONDON, Nov. 20, 2024 /PRNewswire/ — At the 2024 Sohn London Investment Conference today, Gatemore Capital Management (“Gatemore”) is presenting YouGov plc, an international market research and data analytics group based in London, UK.
Full details can be found here: www.gatemore.com/yougov-release
For media enquiries:
Greenbrook
Rob White, Teresa Berezowski, Christina Tang
+44 (0)20 7952 2000
[email protected]
About Gatemore Capital Management
Gatemore Capital Management manages an activist strategy focused on companies across consumer, industrial, healthcare, sports, media, and technology sectors. Gatemore primarily targets fundamentally sound businesses that are underperforming and/or undervalued but have strong potential for recovery and growth. Gatemore’s strategy is to influence outcomes and drive outperformance through thought leadership and deep engagement, aiming to effect positive change and unlock value within the companies in which they invest.
Learn more about Gatemore here.
View original content:https://www.prnewswire.co.uk/news-releases/gatemore-capital-management-presents-at-sohn-investment-conference-302311492.html
Fintech PR
Europi Property Group AB (publ) contemplates the issuance of senior unsecured green bonds
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES TO DISTRIBUTE THIS ANNOUNCEMENT.
STOCKHOLM, Nov. 20, 2024 /PRNewswire/ — Europi Property Group AB (publ) (‘Europi’) has mandated ABG Sundal Collier AB (‘ABG’) and Skandinaviska Enskilda Banken AB (publ) (‘SEB’) to arrange a series of fixed income investor meetings commencing 21 November with the purpose of evaluating the possibility to issue senior unsecured green bonds with an expected volume of up to EUR 50m under a framework of EUR 100m and a tenor of three years (the ‘Green Bonds’). A capital markets transaction may follow, subject to market conditions.
The net proceeds from the bond issue will be used to finance eligible green properties and projects in accordance with Europi’s green finance framework (the ‘Green Finance Framework’). The Green Finance Framework has been established pursuant to the industry standard Green Bond Principles, developed by the International Capital Market Association (ICMA), and has undergone an evaluation by an independent third party, Sustainalytics.
ABG and SEB act as joint bookrunners in respect of the issuance of the Green Bonds and have acted as advisors in relation to the establishment of the Green Finance Framework. Advokatfirman Vinge has acted as legal counsel in relation to the contemplated transaction.
More information regarding the Green Finance Framework and Sustainalytics’ second party opinion can be found at https://europi.se/bond-investors/
For further information, please contact:
Jonathan Willén, CEO
[email protected]
+46 (0) 8 411 55 77
About Europi (www.europi.se)
Europi Property Group, founded in 2019, is a pan-European real estate investment company headquartered in Stockholm (with an office also in London) investing discretionary capital across all sectors with a flexible investment strategy. Europi has since inception completed public and private transactions of more than €700m in gross asset value alongside its established network of local operating partners and completed four successful exists. By combining a truly entrepreneurial, active ownership approach with focus on social and environmental sustainability, Europi generates long term value and positive impact for all stakeholders.
This information was brought to you by Cision http://news.cision.com
View original content:https://www.prnewswire.co.uk/news-releases/europi-property-group-ab-publ-contemplates-the-issuance-of-senior-unsecured-green-bonds-302311476.html
Fintech PR
Wirex Pay Announces Public Access to its Payment API, Enabling Non-Custodial Card Issuance and Real-Time Stablecoin Payments
LONDON, Nov. 20, 2024 /PRNewswire/ — Wirex Pay, a leading non-custodial payment network incubated by Wirex, is excited to announce the public release of its Payment API. This move allows wallets, decentralized apps (dApps), and fintech platforms to integrate seamlessly with Wirex Pay’s infrastructure, empowering them to issue non-custodial cards and facilitate real-time stablecoin payments worldwide.
The Wirex Pay Payment API is set to transform digital payments, by combining cutting-edge blockchain technology with Visa’s vast global acceptance network, which spans over 80 million merchants in more than 200 countries.
Integration partners will now be able to offer their users the ability to make payments in stablecoins, all without custody risks, while benefiting from real-time transactions and eliminating the need for prefunding.
Key Benefits for Partners:
- Non-Custodial Card Issuance: Provide users with full control over their funds while offering a seamless card experience.
- Global Reach: Enable payments anywhere Visa is accepted, across over 200 countries and millions of merchants.
- Real-Time Stablecoin Payments: Deliver fast, reliable, and efficient transactions powered by stablecoins.
- Zero Prefunding: Lower operational costs and streamline payment processing.
“Wirex Pay’s API marks a significant milestone in decentralizing global payments. By offering public access, we are unlocking new possibilities for integration partners to build innovative payment solutions while empowering users with true financial independence,” said Pavel Matveev, Co-founder of Wirex Pay.
Request API Access: Partners interested in integrating Wirex Pay’s Payment API can learn more and request access through the official API page.
About Wirex Pay
Wirex Pay is a pioneering modular payment chain, incubated by Wirex and powered by Polygon’s advanced Zero Knowledge (ZK) technology. This innovative platform seamlessly integrates traditional finance with blockchain, providing a decentralized, gasless, and on-chain payment infrastructure. Wirex Pay enables users to make instant, secure payments using a wide range of cryptocurrencies, all while maintaining full control over their assets.
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View original content:https://www.prnewswire.co.uk/news-releases/wirex-pay-announces-public-access-to-its-payment-api-enabling-non-custodial-card-issuance-and-real-time-stablecoin-payments-302311412.html
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