Willis has launched a full electronic accounting process with the London-based operations of Zurich Global Corporate UK, using the current (2010.2) ACORD data standard and exchanging messages via TMEL (The Message Exchange Limited).
The move marks another step in the adoption of e-Accounting in the London Market and is Willis’ fourth major implementation during the last 14 months.
Both Willis and Zurich are members of the LMG Non-Bureau Working Group, part of the London insurance industry modernisation initiative to reduce paper-based transactions and improve accounting and settlement performance.
Graham Card, executive director and business lead for Willis’ e-Accounting roll-out, says: “This successful collaboration with Zurich is a testament to the skills and determination of both teams.
“Willis will continue to roll-out e-Accounting with London Market Non-Bureau Working Group members and global carriers to drive efficiencies and improve service and we welcome interest from other companies.”