Broker Messaging

Structured data messaging streamlines processes for brokers and their trading partners

Out with the old…

At the heart of a broker’s role is the obligation to share risk and transactional information relative to placing, claims and accounting with (re)insurers with accuracy and speed. 

Historic reliance on a mix of paper documentation, and more recently email and attachments, for sharing critical communication has led to complex administration, data re-keying and unacceptable risk in the process. 

(Re)Insurers increasingly demand that structured data is provided, enabling transactional processing to be controlled and audited within their policy administration and accounting systems, using integrated and automated technology. 

WCL provides brokers with solutions that support the move to a fully integrated and automated ACORD messaging capability that gives them the structured data their trading partners require. 

Digital placing solution integrates with industry leading systems

Our enabledPlacing platform is an electronic placing tool which allows brokers and carriers to quote, negotiate, bind and endorse business digitally. The system is integrated with Whitespace and PPL, allowing business to be placed electronically and removing paper from the process, creating a digital information flow and audit trail.

e-Accounting enabled

Our enabledAccounting solution supports an enhanced IBA accounting function with integrated sender capability for both Premium (EBOT) and Claim (ECOT) messaging, which allows brokers to implement the e-Accounting process with insurers and reinsurers.

 It also means brokers can participate in the Ruschlikon process by delivering ACORD messaging that replaces legacy processes such as paper closings and spreadsheet statements. 

 

Tailored solutions to improve individual performance

WCL’s bespoke solutions that integrate with existing systems in order to automatically process placing, transactional and payment data. We provide a fully automated ACORD messaging or bespoke API capability that will enhance Client service and provide auditable and automated processes that better support Regulatory compliance.

For further information, please contact one of the WCL team today:

+44 (0)20 3908 3200 | info@webconnectivity.uk

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Speak to our team

+44 (0)20 3908 3200 info@webconnectivity.uk

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