ACORD Solutions Group has reported a substantial rise in global reinsurance digital transactions, with activity through its ADEPT platform increasing by 73% from 2024 to 2025. This marks a more than 300% increase since 2023, according to the company.
ADEPT, which stands for ACORD Data Exchange Platform and Translator, facilitates the digital exchange of placing, accounting, and claims data among stakeholders in the global re/insurance sector.
The platform is designed to operate at all levels of digital enablement and is fully compliant with ACORD Global Reinsurance & Large Commercial (GRLC) Standards. This compliance allows re/insurance organizations to exchange messages digitally, leading to savings in time, cost, and manual processes.
“Reinsurers have long been at the vanguard of digitalization,” said Chris Newman (pictured above), president international at ACORD Solutions Group. He added that the growth in digital reinsurance transactions demonstrates the strength of the current reinsurance market and the industry’s vision for connecting international markets to enable collaboration and support innovation.
The ACORD GRLC Standards community has observed notable operational improvements from using ADEPT. Reported benefits include an 80% improvement in data quality, a 60% reduction in manual effort, and a 50% reduction in turnaround time for processing claim transactions.
In July, ACORD also introduced the ADEPT North America Regional Hub, expanding its digital data exchange platform to support commercial insurance and reinsurance transactions in the region.
The platform’s foundation is supported by ACORD’s GRLC Generation 2.0 Standards, which were launched in April. GRLC Gen 2.0 aligns with other modernization frameworks across the industry, including Lloyd’s Blueprint Two.
In August, ACORD also introduced the Next-Generation Digital Standards (NGDS) Object Model, a framework aimed at enabling more effective and secure flow of standardized data between enterprise systems across the insurance industry.
The NGDS Object Model is designed to bridge gaps between business capabilities and data elements, supporting smoother and more accurate data exchange.
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