The Ruschlikon Initiative is a global (re)insurance industry project focusing on improving back office processes for technical accounting, claims and settlement.
In order to achieve its aims, it requires information to be exchanged in standard formats. Ruschlikon Lite handles that translation through an online submission portal.
The portal takes non-standard accounts from ceding companies (typically in spreadsheets)and converts them to ACORD standard Technical Account (TA) messages, allowing reinsurers to use their existing messaging gateways to load these into their internal systems automatically.
This WCL service is used by Global Reinsurers who require structured data in order to process major reinsurance programs.
No ACORD messaging knowledge is required and Reinsurers are able to receive TA messaging as opposed to unstructured data that needs to be manually processed.
TA’s can be processed automatically reducing processing costs and removing responsibility for creating TA’s from the sender (Cedent).
For further information, please contact one of the WCL team today:
+44 (0)20 3908 3200 | firstname.lastname@example.org
Speak to our team
+44 (0)20 3908 3200 email@example.com