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.